Fusemachines (NASDAQ:FUSE) Posts Earnings Results

Fusemachines (NASDAQ:FUSE) posted its earnings results on Friday. The company reported ($0.03) EPS for the quarter, FiscalAI reports. The company had revenue of $1.88 million during the quarter.

Fusemachines Stock Up 10.2%

NASDAQ:FUSE traded up $0.15 during midday trading on Friday, hitting $1.62. The stock had a trading volume of 154,332 shares, compared to its average volume of 228,048. Fusemachines has a one year low of $0.80 and a one year high of $4.25. The company’s 50-day simple moving average is $1.43.

Institutional Trading of Fusemachines

Several hedge funds and other institutional investors have recently bought and sold shares of FUSE. MMCAP International Inc. SPC acquired a new stake in shares of Fusemachines in the 4th quarter worth $58,000. Alberta Investment Management Corp acquired a new stake in shares of Fusemachines in the 4th quarter worth $78,000. Saba Capital Management L.P. acquired a new stake in shares of Fusemachines in the 4th quarter worth $112,000. Geode Capital Management LLC acquired a new stake in shares of Fusemachines in the 4th quarter worth $116,000. Finally, Calamos Advisors LLC acquired a new stake in shares of Fusemachines in the 4th quarter worth $124,000. Institutional investors own 46.80% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Fusemachines in a research note on Tuesday, January 27th. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Fusemachines currently has an average rating of “Sell”.

Fusemachines Company Profile

Fusemachines (NASDAQ: FUSE) is a technology company that develops and delivers artificial intelligence solutions and talent services for enterprises. The company provides AI engineering, model development, and deployment services to help organizations integrate machine learning and automation into business processes. Fusemachines also offers training and workforce development programs designed to build in-house AI capabilities and supply skilled practitioners to enterprise clients.

Founded by Sameer Maskey, Fusemachines has positioned itself as both a provider of AI technology and an educator aimed at expanding the pool of qualified AI professionals.