Fusemachines (NASDAQ:FUSE – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.15) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $1.85 million for the quarter.
Fusemachines Trading Up 7.3%
FUSE stock opened at $0.38 on Wednesday. The company has a market capitalization of $12.37 million, a PE ratio of -2.92 and a beta of 0.95. The business’s fifty day moving average price is $0.51 and its 200 day moving average price is $1.09. Fusemachines has a 12-month low of $0.32 and a 12-month high of $3.67.
Institutional Investors Weigh In On Fusemachines
A hedge fund recently bought a new position in Fusemachines stock. Calamos Advisors LLC bought a new position in shares of Fusemachines Inc. (NASDAQ:FUSE – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 75,000 shares of the company’s stock, valued at approximately $39,000. Calamos Advisors LLC owned 0.23% of Fusemachines as of its most recent filing with the Securities and Exchange Commission. 46.80% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Fusemachines in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.
View Our Latest Research Report on Fusemachines
Fusemachines Company Profile
Fusemachines is an artificial intelligence (AI) technology company that develops and delivers AI solutions for businesses and organizations. Its activities include AI strategy and consulting, data engineering, machine learning development, and the implementation of customized software designed to help clients automate processes and use data more effectively.
The company offers AI development and deployment tools, including platforms intended to support data preparation, model development, and the management of AI applications.
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