Amaze (NYSEAMERICAN:AMZE) Shares Up 10.6% – Here’s What Happened

Amaze Holdings (NYSEAMERICAN:AMZE)’s share price was up 10.6% on Thursday . The company traded as high as $0.2490 and last traded at $0.2115. Approximately 21,916,411 shares traded hands during mid-day trading, an increase of 115% from the average daily volume of 10,200,668 shares. The stock had previously closed at $0.1912.

Analysts Set New Price Targets

AMZE has been the subject of a number of recent analyst reports. Zacks Research raised Amaze to a “hold” rating in a research report on Friday, January 23rd. LADENBURG THALM/SH SH assumed coverage on shares of Amaze in a research note on Wednesday, January 21st. They issued a “buy” rating and a $3.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3.00.

Amaze Price Performance

The business has a 50-day moving average of $0.20. The firm has a market cap of $9.52 million, a P/E ratio of -0.02 and a beta of 1.62.

Amaze (NYSEAMERICAN:AMZE) last announced its earnings results on Wednesday, April 1st. The company reported ($8.07) earnings per share (EPS) for the quarter. Amaze had a negative net margin of 571.96% and a negative return on equity of 98.21%. The firm had revenue of ($0.22) million during the quarter. As a group, sell-side analysts forecast that Amaze Holdings will post 0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Amaze stock. Jane Street Group LLC bought a new position in shares of Amaze Holdings (NYSEAMERICAN:AMZE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 85,455 shares of the company’s stock, valued at approximately $32,000. Jane Street Group LLC owned about 0.43% of Amaze at the end of the most recent quarter. Institutional investors and hedge funds own 23.00% of the company’s stock.

About Amaze

Fresh Vine Wine, Inc produces and sells low-carb and low-calorie wines in the United States and Puerto Rico. Its wine varietals include cabernet sauvignon, pinot noir, chardonnay, and rose. The company offers its products through wholesale, retail, and direct-to-consumer channels. Fresh Vine Wine, Inc was founded in 2019 and is based in Plymouth, Minnesota. Fresh Vine Wine, Inc operates as a subsidiary of Nechio & Novak, LLC.