Fusemachines (NASDAQ:FUSE) Shares Down 3.2% – Time to Sell?

Shares of Fusemachines Inc. (NASDAQ:FUSEGet Free Report) were down 3.2% during mid-day trading on Thursday . The company traded as low as $1.22 and last traded at $1.22. Approximately 29,325 shares traded hands during trading, a decline of 62% from the average daily volume of 76,996 shares. The stock had previously closed at $1.26.

Analysts Set New Price Targets

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

Get Our Latest Analysis on Fusemachines

Fusemachines Trading Down 3.2%

The business’s 50-day moving average price is $1.52.

Hedge Funds Weigh In On Fusemachines

A number of hedge funds and other institutional investors have recently bought and sold shares of FUSE. Calamos Advisors LLC bought a new position in Fusemachines in the fourth quarter valued at approximately $124,000. MMCAP International Inc. SPC bought a new stake in shares of Fusemachines during the 4th quarter valued at $58,000. Geode Capital Management LLC acquired a new position in shares of Fusemachines in the 4th quarter valued at $116,000. Alberta Investment Management Corp acquired a new position in shares of Fusemachines in the 4th quarter valued at $78,000. Finally, Meteora Capital LLC boosted its position in shares of Fusemachines by 22.0% in 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 last quarter. 46.80% of the stock is owned by institutional investors.

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.

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