Fusemachines (NASDAQ:FUSE) Stock Price Up 69.6% – What’s Next?

Fusemachines Inc. (NASDAQ:FUSE) shares were up 69.6% on Monday . The stock traded as high as $1.84 and last traded at $1.33. 58,695,795 shares changed hands during mid-day trading, an increase of 120,118% from the average daily volume of 48,824 shares. The stock had previously closed at $0.7840.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Fusemachines from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Fusemachines currently has an average rating of “Sell”.

Fusemachines Price Performance

The company has a fifty day simple moving average of $1.07. The company has a market capitalization of $24.89 million, a PE ratio of -28.67 and a beta of 0.90.

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

Institutional Investors Weigh In On Fusemachines

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

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.