The trading price of Gaxos.AI Inc (NASDAQ:GXAI) closed higher on Friday, December 06, and closing at $2.60, 83.10% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.86 and $3.6399. 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 $1.01. Over the past month, the stock has gained 81.82% in value.
Gaxos.AI Inc, whose market valuation is $7.46 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0 per share this quarter, however they have predicted annual earnings per share of 0 for current year and 0 for next year.
On the technical side, indicators suggest GXAI has a 50% 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 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that GXAI’s price is currently 88.34% off the SMA20 and 84.53% off the SMA50. The RSI metric on the 14-day chart is currently showing 78.28, and weekly volatility stands at 28.55%. When measured over the past 30 days, the indicator reaches 18.65%. Gaxos.AI Inc (NASDAQ:GXAI)’s beta value is currently sitting at 2.83, while the Average True Range indicator is currently displaying 0.32.
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 83.10% in the latest trading, and -45.16% in the past year.
An evaluation of the daily trading volume of Gaxos.AI Inc (NASDAQ:GXAI) indicates that the 3-month average is 1.93 million. However, this figure has increased over the past 10 days to an average of 15.07.
Currently, records show that 2.87 million of the company’s shares remain outstanding. The insiders hold 11.94% of outstanding shares, whereas institutions hold 1.88%. 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 -36.27% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
