Fusemachines (NASDAQ:FUSE) Shares Up 0.5% – Time to Buy?

Fusemachines Inc. (NASDAQ:FUSE)’s share price traded up 0.5% on Friday . The stock traded as high as $1.0299 and last traded at $0.99. 13,283 shares changed hands during trading, a decline of 80% from the average daily volume of 65,971 shares. The stock had previously closed at $0.9850.

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 MarketBeat.com, the company presently has a consensus rating of “Sell”.

Fusemachines Stock Up 0.5%

The firm has a 50 day moving average of $1.26. The company has a market capitalization of $28.65 million, a PE ratio of -33.00 and a beta of 0.87.

Fusemachines (NASDAQ:FUSE) last announced its quarterly earnings results on Friday, May 15th. The company reported ($0.03) earnings per share for the quarter. The company had revenue of $1.88 million during the quarter.

Institutional Trading of Fusemachines

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

Fusemachines Company Profile

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.