Fusemachines (NASDAQ:FUSE) Releases Earnings Results

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

Fusemachines Stock Performance

Shares of NASDAQ FUSE traded up $0.01 during mid-day trading on Friday, reaching $0.86. 568,525 shares of the company’s stock traded hands, compared to its average volume of 3,066,322. The business has a 50-day moving average of $1.06. The company has a market capitalization of $24.76 million, a PE ratio of -28.51 and a beta of 0.90. Fusemachines has a 1-year low of $0.75 and a 1-year high of $4.25.

Hedge Funds Weigh In On Fusemachines

A number of hedge funds have recently added to or reduced their stakes in FUSE. Alberta Investment Management Corp purchased a new stake in shares of Fusemachines in the fourth quarter worth approximately $78,000. Saba Capital Management L.P. purchased a new position in shares of Fusemachines during the fourth quarter valued at approximately $112,000. Meteora Capital LLC boosted its position in shares of Fusemachines by 22.0% during the fourth quarter. Meteora Capital LLC now owns 1,088,350 shares of the company’s stock valued at $1,796,000 after buying an additional 196,420 shares during the last quarter. Geode Capital Management LLC bought a new stake in Fusemachines during the fourth quarter worth $116,000. Finally, MMCAP International Inc. SPC bought a new stake in Fusemachines during the fourth quarter worth $58,000. Institutional investors and hedge funds own 46.80% of the company’s stock.

Analyst Ratings Changes

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, Based on data from MarketBeat.com, the company has a consensus 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.