Gaxos.AI Inc (NASDAQ: GXAI) Stock Is Down -170.05% From Its Low: The Uptrend Is Still On

The trading price of Gaxos.AI Inc (NASDAQ:GXAI) closed lower on Tuesday, April 02, closing at $5.86, -2.82% lower than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $28.80 and a 52-week low of $2.17. Over the past month, the stock has lost -11.12% in value.

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Gaxos.AI Inc, whose market valuation is $6.39 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Gaxos.AI Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest GXAI has a 50% Buy 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% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.

A quick review shows that GXAI’s price is currently -10.19% off the SMA20 and 15.72% off the SMA50. The RSI metric on the 14-day chart is currently showing 47.88, and weekly volatility stands at 9.34%. When measured over the past 30 days, the indicator reaches 21.56%. Gaxos.AI Inc (NASDAQ:GXAI)’s beta value is currently sitting at 3.88, while the Average True Range indicator is currently displaying 1.37.

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 -2.82% in the latest trading, and -63.01% in the past year.

An evaluation of the daily trading volume of Gaxos.AI Inc (NASDAQ:GXAI) indicates that the 3-month average is 987.14K. However, this figure has increased over the past 10 days to an average of 0.24 million.

The insiders hold 22.82% of outstanding shares, whereas institutions hold 3.18%. The stats also highlight that short interest as of Mar 15, 2024, stood at 0.32 million shares, resulting in a short ratio of 0.12 at that time. From this, we can conclude that short interest is 29.79% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 20910.0. However, since the stock’s price has seen 43.63% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.