Axe Compute (NASDAQ:AGPU) Releases Earnings Results

Axe Compute (NASDAQ:AGPU) announced its earnings results on Friday. The company reported ($0.87) earnings per share (EPS) for the quarter, Zacks reports. Axe Compute had a negative return on equity of 7,363.67% and a negative net margin of 470,383.31%.

Axe Compute Trading Down 1.0%

NASDAQ:AGPU traded down $0.08 on Friday, hitting $8.27. 235,240 shares of the stock were exchanged, compared to its average volume of 1,565,380. The stock has a market cap of $95.02 million, a PE ratio of -1.01 and a beta of 3.44. The stock has a fifty day moving average of $7.48 and a 200-day moving average of $5.14. Axe Compute has a fifty-two week low of $1.03 and a fifty-two week high of $32.10.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings upgraded Axe Compute from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. Wall Street Zen raised shares of Axe Compute from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Axe Compute Company Profile

Axe Compute (NASDAQ: AGPU) is an AI infrastructure company focused on providing enterprise-grade graphics processing unit (GPU) compute capacity for artificial intelligence, machine learning and other high-performance computing workloads. The company positions itself as an alternative to traditional hyperscale cloud providers by offering dedicated, bare-metal GPU infrastructure designed to give customers greater control over hardware configuration, deployment location and workload performance.

Its services include access to dedicated GPU clusters that can be configured for AI training, inference, simulation, diffusion models and other compute-intensive applications.