SAIHEAT (NASDAQ:SAIH) Trading Down 3.1% – Here’s What Happened

SAIHEAT Limited (NASDAQ:SAIH) was down 3.1% during trading on Friday . The company traded as low as $12.50 and last traded at $12.6950. 1,898 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 2,365 shares. The stock had previously closed at $13.10.

Wall Street Analyst Weigh In

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

SAIHEAT Stock Down 3.1%

The business’s fifty day simple moving average is $11.53 and its 200-day simple moving average is $9.51.

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

SAIHEAT Company Profile

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.