Streetbeat News

GXAI

Gaxos.ai Inc.

https://www.nftgco.com

Industry

Electronic Gaming & Multimedia

Gaxos.ai Inc. designs, develops, acquires, and manages games that offer non-fungible tokens. The company develops a digital gaming platform, which provides the company's proprietary games, as well as games developed and published by third parties under the Gaxos name. The company was formerly known as The NFT Gaming Company, Inc. and changed its name to Gaxos.ai Inc. in January 2024. The company was incorporated in 2021 and is based in Roseland, New Jersey.

Open

1.45

Mkt cap

1.8M

Volume

67K

High

1.54

P/E Ratio

-0.45

52-wk high

19.20

Low

1.44

Div yield

N/A

52-wk low

1.25

In Friday's pre-market session, several communication services stocks showed notable movements. MediaCo Holding (MDIA) led the gainers with an 84.9% increase, while HWH International (HWH) experienced the largest drop among the losers, declining by 11.3%. Other notable movers included TuanChe (TC), Asset Entities (ASST), and Cinemark Holdings (CNK) on the gainers' side, and Able View Global (ABLV), MultiMetaVerse Holdings (MMV), and Altice USA (ATUS) among the losers.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 12:10 pm

In Wednesday's pre-market session, several Communication Services stocks showed notable movements. Gainers included Chicken Soup for the Soul (CSSE), FingerMotion (FNGR), GD Culture Group (GDC), AST SpaceMobile (ASTS), Fluent (FLNT), and Clear Channel Outdoor (CCO), with increases ranging from 4.45% to 6.6%. Losers were HWH International (HWH), Gaxos.AI (GXAI), SPAR Group (SGRP), Innovid (CTV), Anghami (ANGH), and MoneyHero (MNY), with declines between 4.06% and 18.2%. Notably, ASTS, FLNT, and SGRP had recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 12:09 pm

Gaxos.ai Inc. (NASDAQ:GXAI), a developer of artificial intelligence applications, has regained compliance with NASDAQ's minimum bid price requirement for continued listing on the NASDAQ Capital Market. This comes after the company's stock traded above the $1.00 minimum bid price for 10 consecutive trading days as of March 21, 2024, rectifying a previous deficiency notice received on July 10, 2023.

Portfolio Pulse from Happy Mohamed

March 26, 2024 | 12:35 pm

In Friday's intraday session, several Communication Services stocks experienced significant movements. Cardlytics (CDLX) led the gainers with a 64.8% increase following its Q4 earnings report, while Gaxos.AI (GXAI) led the losers, dropping 18.6%. Other notable movers included Chicken Soup for the Soul Entertainment, Inc. - 9.50% Notes due 2025 (CSSEN) and Direct Digital Holdings (DRCT) with substantial gains, and Paltalk (PALT) and AdTheorent Holding (ADTH) among the losers, both reacting to their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 5:31 pm

In Friday's pre-market session, several Communication Services stocks showed significant movement. Cardlytics and Getty Images Holdings reported Q4 earnings, leading to a 48.3% and 6.79% increase in their stock prices, respectively. Conversely, Marchex, Kuke Music Hldg, Gaxos.AI, Cheer Holding, Baosheng Media Gr, and Grom Social Enterprises saw declines following their earnings reports.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 1:06 pm

In Thursday's intraday session, several Communication Services stocks experienced significant movements. WiMi Hologram Cloud (WIMI) led the gainers with a 28.2% increase, while Hello Gr (MOMO) saw the largest decline among the losers, dropping 24.4%. Notably, Cheer Holding (CHR) and AdTheorent Holding (ADTH) released their financial earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:31 pm

Gaxos.ai Inc. (NASDAQ:GXAI) announced a $3.5M private placement for the sale of approximately 628,367 shares and warrants. The offering includes common stock and series A and B warrants at $5.57/share, with the warrants exercisable immediately at $5.50/share. Series A warrants expire in 5.5 years, and series B in 24 months. The placement, managed by H.C. Wainwright & Co., aims to close by March 15, 2024, with proceeds for working capital and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 7:17 pm

Dow Jones gained over 100 points while NASDAQ fell and S&P 500 slightly rose. Dollar Tree reported Q4 earnings below expectations with sales growth of 11.9% to $8.63 billion and adjusted EPS of $2.55. Gaxos.ai, NuCana, and The Beauty Health Company saw significant stock increases, while voxeljet, SOS Limited, and Luna Innovations experienced notable declines. Oil and gold prices rose, and U.S. mortgage applications increased by 7.1%.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 6:32 pm

Clover Health Investments, Corp. (CLOV) shares rose by 11% after reporting better-than-expected Q4 revenue and FY24 guidance. Other stocks also moved significantly, with Gaxos.ai Inc. (GXAI) and Veritone, Inc. (VERI) among the top gainers, while voxeljet AG (VJET) and Luna Innovations Incorporated (LUNA) led the losers.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 5:18 pm

Crude oil prices rose by 2.3% following a decline in U.S. inventories, contrary to market expectations of a gain. U.S. stocks showed mixed performance, with the Dow Jones up and NASDAQ down. Gaxos.ai Inc. saw a significant share price increase after acquiring AI technology rights. Other notable movements included NuCana plc and The Beauty Health Company shares rising, while voxeljet AG, SOS Limited, and Luna Innovations Incorporated shares fell.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 4:38 pm

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