Fusemachines (NASDAQ:FUSE) Issues Earnings Results

Fusemachines (NASDAQ:FUSE) issued its earnings results on Friday. The company reported ($0.10) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $1.79 million for the quarter.

Fusemachines Stock Performance

NASDAQ:FUSE opened at $0.86 on Friday. The stock has a market cap of $24.76 million, a price-to-earnings ratio of -28.51 and a beta of 0.90. Fusemachines has a 12-month low of $0.75 and a 12-month high of $4.25. The company has a 50-day moving average price of $1.04.

Hedge Funds Weigh In On Fusemachines

Institutional investors and hedge funds have recently modified their holdings of the company. MMCAP International Inc. SPC purchased a new stake in Fusemachines in the 4th quarter worth approximately $58,000. Alberta Investment Management Corp acquired a new stake in shares of Fusemachines during the fourth quarter worth $78,000. Saba Capital Management L.P. purchased a new stake in shares of Fusemachines in the fourth quarter valued at $112,000. Geode Capital Management LLC acquired a new position in Fusemachines in the fourth quarter valued at $116,000. Finally, Calamos Advisors LLC purchased a new position in Fusemachines during the fourth quarter worth about $124,000. Hedge funds and other institutional investors own 46.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Fusemachines from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

About Fusemachines

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.