The trading price of Gaxos.AI Inc (NASDAQ:GXAI) closed lower on Friday, November 15, and closing at $1.41, -19.89% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.36 and $1.6. In examining the 52-week price action we see that the stock hit a 52-week high of $19.20 and a 52-week low of $1.25. Over the past month, the stock has lost -4.73% in value.
Gaxos.AI Inc, whose market valuation is $2.66 million at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest GXAI has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that GXAI’s price is currently -1.40% off the SMA20 and -14.05% off the SMA50. The RSI metric on the 14-day chart is currently showing 46.13, and weekly volatility stands at 19.22%. When measured over the past 30 days, the indicator reaches 10.07%. Gaxos.AI Inc (NASDAQ:GXAI)’s beta value is currently sitting at 3.39, while the Average True Range indicator is currently displaying 0.21.
To see how Gaxos.AI Inc stock has been performing in comparison to its peers in the industry, here are the numbers: GXAI stock’s performance was -19.89% in the latest trading, and -61.71% in the past year.
An evaluation of the daily trading volume of Gaxos.AI Inc (NASDAQ:GXAI) indicates that the 3-month average is 1.88 million. However, this figure has increased over the past 10 days to an average of 7.35.
Currently, records show that 1.89 million of the company’s shares remain outstanding. The insiders hold 11.94% of outstanding shares, whereas institutions hold 2.24%. The stats also highlight that short interest as of 2024-10-31, stood at 29434.0 shares, resulting in a short ratio of 0.32 at that time. From this, we can conclude that short interest is 177.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 88721.0. However, since the stock’s price has seen -65.44% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
