Gaxos.ai (GXAI) Expected to Post Earnings on Thursday

Gaxos.ai (NASDAQ:GXAI) is anticipated to post its resultson Thursday, November 12th. Analysts expect Gaxos.ai to post earnings of ($0.11) per share and revenue of $3.00 million for the quarter.

Gaxos.ai (NASDAQ:GXAI) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.17. Gaxos.ai had a negative return on equity of 38.79% and a negative net margin of 64.81%. The firm had revenue of $2.46 million during the quarter, compared to analyst estimates of $1.80 million. On average, analysts expect Gaxos.ai to post ($0.30) EPS for the current fiscal year and ($0.31) EPS for the next fiscal year.

Gaxos.ai Stock Up 6.6%

Shares of GXAI opened at $0.42 on Tuesday. The business’s 50 day moving average is $0.54 and its two-hundred day moving average is $1.03. Gaxos.ai has a 52-week low of $0.34 and a 52-week high of $2.63.

Gaxos.ai announced that its Board of Directors has initiated a share repurchase program on Monday, August 3rd that authorizes the company to repurchase $1 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 18.7% of its shares through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen upgraded shares of Gaxos.ai from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings cut shares of Gaxos.ai from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company currently has a consensus rating of “Sell”.

Gaxos.ai Company Profile

Gaxos.ai Inc (NASDAQ: GXAI) is a technology company focused on developing artificial intelligence applications and tools. Its activities center on using AI to create interactive digital experiences and software products for consumers and businesses.

The company’s stated areas of focus include gaming, wellness and productivity. In gaming, Gaxos.ai develops AI-enabled experiences designed to support dynamic content and user interaction. Its wellness and productivity initiatives are intended to apply artificial intelligence to personalized digital tools and applications.

Gaxos.ai serves the growing market for consumer and business applications that incorporate generative and adaptive AI technologies.