Gaxos.ai (NASDAQ:GXAI) Trading Up 4.3% – What’s Next?

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

Gaxos.ai Price Performance

The firm’s fifty day moving average is $1.62 and its two-hundred day moving average is $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 shares of Gaxos.ai Inc. (NASDAQ:GXAI) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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. 42.62% of the stock is currently owned by hedge funds and other institutional investors.

About Gaxos.ai

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.