Selling Your Gaxos.AI Inc (GXAI) Stock? Here’s What You Need To Know

Gaxos.AI Inc (NASDAQ:GXAI) price on current trading day, rose 22.54% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $3.11.

A look at the stock’s price movement, the close in the last trading session was $2.54, moving within a range at $2.25 and $3.62. Turning to its 52-week performance, $19.20 and $1.93 were the 52-week high and 52-week low respectively. Overall, GXAI moved 34.63% over the past month.

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Gaxos.AI Inc’s market cap currently stands at around $3.73 million, with investors looking forward to this quarter’s earnings report slated for in September.

Turning to the stock’s technical picture we see that short term indicators suggest on average that GXAI is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

GXAI’s current price about 39.77% and 21.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.96, while 7-day volatility ratio is 20.41% and 12.20% in the 30-day chart. Further, Gaxos.AI Inc (GXAI) has a beta value of 3.08, and an average true range (ATR) of 0.31.

If we refocus on Gaxos.AI Inc (NASDAQ:GXAI), historical trading data shows that trading volumes averaged 0.71 over the past 10 days and 146.02K over the past 3 months. The company’s latest data on shares outstanding shows there are 0.99 million shares.

The 20.66% of Gaxos.AI Inc’s shares are in the hands of company insiders while institutional holders own 8.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 48289.0 on 2024-07-31, giving us a short ratio of 0.13. The data shows that as of 2024-07-31 short interest in Gaxos.AI Inc (GXAI) stood at 557.0 of shares outstanding, with shares short rising to 5174.0 registered in 2024-06-28. Current price change has pushed the stock -23.77% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GXAI stock continues to rise going into the next quarter.

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