Gaxos.ai Inc. (NASDAQ:GXAI – Free Report) – Research analysts at Zacks Research lifted their Q3 2026 EPS estimates for shares of Gaxos.ai in a report released on Monday, August 17th. Zacks Research analyst L. Thompson now expects that the company will post earnings of ($0.11) per share for the quarter, up from their prior forecast of ($0.15). The consensus estimate for Gaxos.ai’s current full-year earnings is ($0.64) per share. Zacks Research also issued estimates for Gaxos.ai’s FY2026 earnings at ($0.30) EPS and FY2027 earnings at ($0.31) EPS.
Gaxos.ai (NASDAQ:GXAI – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.17. Gaxos.ai had a negative net margin of 64.81% and a negative return on equity of 38.79%. The company had revenue of $2.46 million during the quarter, compared to the consensus estimate of $1.80 million.
Check Out Our Latest Stock Report on Gaxos.ai
Gaxos.ai Stock Up 4.8%
GXAI stock opened at $0.85 on Thursday. The firm has a market cap of $6.08 million, a PE ratio of -1.71 and a beta of 0.94. The business has a 50 day moving average of $1.05 and a 200-day moving average of $1.20. Gaxos.ai has a 12-month low of $0.73 and a 12-month high of $2.96.
Institutional Investors Weigh In On Gaxos.ai
Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd increased its stake in Gaxos.ai by 197.4% during the 4th quarter. XTX Topco Ltd now owns 44,811 shares of the company’s stock valued at $48,000 after purchasing an additional 29,745 shares in the last quarter. Two Sigma Investments LP bought a new stake in shares of Gaxos.ai in the third quarter worth $90,000. Finally, DRW Securities LLC purchased a new stake in shares of Gaxos.ai during the 4th quarter valued at about $213,000. 42.62% of the stock is owned by hedge funds and other institutional investors.
Gaxos.ai declared that its Board of Directors has authorized a stock buyback program on Monday, August 3rd that allows the company to buyback $1,000.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 18,726,591.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
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. The company was formerly known as The NFT Gaming Company, Inc and changed its name to Gaxos.ai Inc in January 2024. Gaxos.ai Inc was incorporated in 2021 and is based in Roseland, New Jersey.
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