Gaxos.ai (NASDAQ:GXAI) Stock Price Up 4.3% – Should You Buy?

Gaxos.ai Inc. (NASDAQ:GXAI) traded up 4.3% during mid-day trading on Tuesday . The stock traded as high as $1.27 and last traded at $1.20. 452,970 shares were traded during mid-day trading, a decline of 49% from the average session volume of 885,455 shares. The stock had previously closed at $1.15.

Gaxos.ai Stock Performance

The firm has a 50 day moving average price of $1.62 and a two-hundred day moving average price of $2.48.

Institutional Trading of Gaxos.ai

An institutional investor recently bought a new position in Gaxos.ai stock. Murchinson Ltd. bought a new position in Gaxos.ai Inc. (NASDAQ:GXAI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,207 shares of the company’s stock, valued at approximately $81,000. Murchinson Ltd. owned approximately 1.21% of Gaxos.ai at the end of the most recent reporting period. Institutional investors and hedge funds own 42.62% of the company’s stock.

Gaxos.ai Company Profile

Gaxos.ai Inc engages in developing artificial intelligence applications for various sectors. Its portfolio includes applications in mental and physical wellbeing, coaching, and gaming. In addition, it offers Gaxos, a gaming platform develop, design, acquire, and manage conventional games and combine these games with unconventional game mechanisms.