SAIHEAT (NASDAQ:SAIH) Trading 3.1% Higher – Time to Buy?

SAIHEAT Limited (NASDAQ:SAIH)’s stock price traded up 3.1% during mid-day trading on Friday . The stock traded as high as $11.39 and last traded at $11.55. 4,817 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 2,228 shares. The stock had previously closed at $11.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of SAIHEAT in a report on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SAIHEAT has a consensus rating of “Sell”.

SAIHEAT Stock Performance

The business has a 50 day moving average of $10.89 and a 200-day moving average of $9.03.

SAIHEAT (NASDAQ:SAIH) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.97) earnings per share for the quarter. The business had revenue of $0.34 million during the quarter.

About SAIHEAT

SAIHEAT Limited engages in the development of liquid-cooling data centers. It develops technologies for the advanced computing center ecosystem, a center that provides high-performance servers, liquid cooling, and systems for capturing and recycling computing heat. The company was formerly known as SAI.TECH Global Corporation and changed its name to SAIHEAT Limited in August 2024. SAIHEAT Limited was founded in 2019 and is headquartered in Singapore.