SAIHEAT (NASDAQ:SAIH) Releases Quarterly Earnings Results

SAIHEAT (NASDAQ:SAIH) posted its earnings results on Thursday. The company reported ($0.97) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $0.34 million for the quarter.

SAIHEAT Stock Up 1.1%

Shares of NASDAQ SAIH traded up $0.13 during midday trading on Friday, hitting $11.18. The stock had a trading volume of 550 shares, compared to its average volume of 3,128. The company’s 50-day simple moving average is $8.70 and its 200 day simple moving average is $8.41. SAIHEAT has a fifty-two week low of $5.00 and a fifty-two week high of $15.41.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SAIHEAT in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, SAIHEAT has an average rating of “Sell”.

SAIHEAT Company Profile

SAIHEAT Limited engages in the development of liquid-cooling data centers. It develops technologies for the advanced computing center ecosystem, a center that provides high-performance servers, liquid cooling, and systems for capturing and recycling computing heat. The company was formerly known as SAI.TECH Global Corporation and changed its name to SAIHEAT Limited in August 2024. SAIHEAT Limited was founded in 2019 and is headquartered in Singapore.