The 36-month beta value for GXAI is also noteworthy at 3.16.
The public float for GXAI is 1.67M, and at present, short sellers hold a 1.76% of that float. The average trading volume of GXAI on November 14, 2024 was 776.61K shares.
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GXAI) stock’s latest price update
The stock price of Gaxos.AI Inc (NASDAQ: GXAI) has jumped by 34.38 compared to previous close of 1.45. Despite this, the company has seen a gain of 32.55% in its stock price over the last five trading days. globenewswire.com reported 2024-11-14 that Roseland, NJ, Nov. 14, 2024 (GLOBE NEWSWIRE) — Gaxos.ai Inc. (“Gaxos” or the “Company”), a company developing artificial intelligence applications across various sectors, announced today that the Company’s Board of Directors approved the purchase of up to $1 million in Bitcoin.
GXAI’s Market Performance
GXAI’s stock has risen by 32.55% in the past week, with a monthly rise of 22.55% and a quarterly drop of -13.78%. The volatility ratio for the week is 7.55% while the volatility levels for the last 30 days are 8.73% for Gaxos.AI Inc The simple moving average for the last 20 days is 34.85% for GXAI’s stock, with a simple moving average of -44.33% for the last 200 days.
GXAI Trading at 17.16% from the 50-Day Moving Average
After a stumble in the market that brought GXAI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -89.85% of loss for the given period.
Volatility was left at 8.73%, however, over the last 30 days, the volatility rate increased by 7.55%, as shares surge +19.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.63% lower at present.
During the last 5 trading sessions, GXAI rose by +20.41%, which changed the moving average for the period of 200-days by -31.71% in comparison to the 20-day moving average, which settled at $1.4360. In addition, Gaxos.AI Inc saw -52.24% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for GXAI
Current profitability levels for the company are sitting at:
- -13100.74 for the present operating margin
- -97.95 for the gross margin
The net margin for Gaxos.AI Inc stands at -12288.75. The total capital return value is set at -0.77. Equity return is now at value -69.28, with -64.83 for asset returns.
Currently, EBITDA for the company is -3.95 million with net debt to EBITDA at 0.66. When we switch over and look at the enterprise to sales, we see a ratio of 4596.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 12.47.
Conclusion
In summary, Gaxos.AI Inc (GXAI) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
