Amaze (NYSEAMERICAN:AMZE) Issues Earnings Results

Amaze (NYSEAMERICAN:AMZE) posted its earnings results on Friday. The company reported ($0.16) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.47 million during the quarter. Amaze had a negative net margin of 571.96% and a negative return on equity of 98.21%.

Amaze Price Performance

NYSEAMERICAN:AMZE traded down $0.04 during trading hours on Friday, hitting $0.17. 24,589,452 shares of the company traded hands, compared to its average volume of 11,132,498. The company has a market capitalization of $7.57 million, a PE ratio of -0.02 and a beta of 1.62. Amaze has a twelve month low of $0.11 and a twelve month high of $11.76. The stock’s 50-day moving average price is $0.20.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AMZE shares. LADENBURG THALM/SH SH started coverage on shares of Amaze in a report on Wednesday, January 21st. They set a “buy” rating and a $3.00 price objective for the company. Zacks Research raised shares of Amaze to a “hold” rating in a report on Friday, January 23rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.00.

Hedge Funds Weigh In On Amaze

A hedge fund recently raised its stake in Amaze stock. Geode Capital Management LLC boosted its stake in shares of Amaze Holdings (NYSEAMERICAN:AMZE) by 254.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 142,373 shares of the company’s stock after purchasing an additional 102,248 shares during the quarter. Geode Capital Management LLC owned 0.71% of Amaze worth $54,000 at the end of the most recent quarter. Institutional investors 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.