Fusemachines (NASDAQ:FUSE) Releases Earnings Results

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

Fusemachines Trading Up 1.2%

FUSE traded up $0.01 during trading on Friday, reaching $0.86. The company’s stock had a trading volume of 579,592 shares, compared to its average volume of 4,236,144. Fusemachines has a 1 year low of $0.75 and a 1 year high of $4.25. The company has a market capitalization of $24.76 million, a P/E ratio of -28.51 and a beta of 0.90. The stock has a fifty day simple moving average of $1.04.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Fusemachines

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

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.