Fusemachines (NASDAQ:FUSE – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.15) EPS for the quarter, FiscalAI reports. The business had revenue of $1.85 million during the quarter.
Fusemachines Trading Down 29.0%
Fusemachines stock traded down $0.10 during midday trading on Thursday, reaching $0.25. The company’s stock had a trading volume of 124,676 shares, compared to its average volume of 2,456,083. Fusemachines has a 52 week low of $0.22 and a 52 week high of $3.67. The business has a 50-day moving average price of $0.50 and a 200-day moving average price of $1.08. The stock has a market cap of $8.10 million, a PE ratio of -1.92 and a beta of 0.95.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fusemachines in a research report on Friday, August 21st. One analyst has rated the stock with a Sell rating. According to MarketBeat, Fusemachines presently has an average rating of “Sell”.
Read Our Latest Analysis on Fusemachines
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Fusemachines stock. Calamos Advisors LLC purchased a new position in shares of Fusemachines Inc. (NASDAQ:FUSE – Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 75,000 shares of the company’s stock, valued at approximately $39,000. Calamos Advisors LLC owned approximately 0.23% of Fusemachines as of its most recent filing with the Securities and Exchange Commission (SEC). 46.80% of the stock is currently owned by institutional investors and hedge funds.
About Fusemachines
Fusemachines is an artificial intelligence (AI) technology company that develops and delivers AI solutions for businesses and organizations. Its activities include AI strategy and consulting, data engineering, machine learning development, and the implementation of customized software designed to help clients automate processes and use data more effectively.
The company offers AI development and deployment tools, including platforms intended to support data preparation, model development, and the management of AI applications.
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