Amesite (NASDAQ:AMST) Announces Quarterly Earnings Results, Beats Expectations By $0.81 EPS

Amesite (NASDAQ:AMST) released its quarterly earnings data on Monday. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.96) by $0.81, FiscalAI reports. Amesite had a negative return on equity of 118.33% and a negative net margin of 1,024.91%.The company had revenue of $0.08 million during the quarter, compared to the consensus estimate of $0.25 million.

Amesite Price Performance

Amesite stock traded down $0.04 during midday trading on Monday, reaching $0.79. The company’s stock had a trading volume of 2,257,074 shares, compared to its average volume of 205,466. The stock’s 50-day simple moving average is $1.53 and its 200-day simple moving average is $2.00. Amesite has a 52-week low of $0.77 and a 52-week high of $4.78. The stock has a market capitalization of $3.59 million, a P/E ratio of -1.23 and a beta of 0.86.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Amesite from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Insider Buying and Selling

In other Amesite news, Director George Parmer purchased 243,902 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was bought at an average cost of $1.44 per share, for a total transaction of $351,218.88. Following the completion of the purchase, the director owned 566,962 shares in the company, valued at $816,425.28. This represents a 75.50% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 35.95% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Amesite stock. Virtu Financial LLC acquired a new stake in Amesite Inc. (NASDAQ:AMST) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.32% of Amesite as of its most recent filing with the Securities and Exchange Commission (SEC). 3.60% of the stock is currently owned by institutional investors and hedge funds.

Amesite Company Profile

Amesite, Inc (NASDAQ: AMST) is a software company specializing in AI-driven digital learning and training solutions. Its cloud-based platform enables organizations to create, manage and deliver customized online courses and professional development programs. Leveraging machine learning and natural language processing, the platform offers real-time analytics, adaptive content recommendations, multimedia assessments and community collaboration tools to support both synchronous and asynchronous learning.

The company’s primary end markets include corporate enterprises, higher education institutions, government agencies and nonprofit organizations.