Fusemachines (NASDAQ:FUSE) Releases Quarterly Earnings Results

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

Fusemachines Price Performance

Shares of NASDAQ:FUSE opened at $1.62 on Friday. Fusemachines has a 12-month low of $0.80 and a 12-month high of $4.25. The business’s 50-day simple moving average is $1.43.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FUSE. Alberta Investment Management Corp purchased a new stake in shares of Fusemachines in the 4th quarter valued at approximately $78,000. Saba Capital Management L.P. purchased a new position in shares of Fusemachines during the 4th quarter worth approximately $112,000. Meteora Capital LLC boosted its position in shares of Fusemachines by 22.0% during the 4th quarter. Meteora Capital LLC now owns 1,088,350 shares of the company’s stock worth $1,796,000 after purchasing an additional 196,420 shares during the period. Geode Capital Management LLC acquired a new stake in Fusemachines in the 4th quarter valued at approximately $116,000. Finally, MMCAP International Inc. SPC acquired a new stake in Fusemachines in the 4th quarter valued at approximately $58,000. Hedge funds and other institutional investors own 46.80% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of Fusemachines in a report on Tuesday, January 27th. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Fusemachines has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on FUSE

Fusemachines Company Profile

(Get Free Report)

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.

Further Reading

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