Amesite (NASDAQ:AMST) Trading Down 1.7% – Here’s Why

Amesite Inc. (NASDAQ:AMSTGet Free Report) shares dropped 1.7% on Monday . The stock traded as low as $1.73 and last traded at $1.74. Approximately 5,675 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 48,107 shares. The stock had previously closed at $1.77.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Amesite in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Amesite presently has a consensus rating of “Sell”.

Get Our Latest Stock Analysis on Amesite

Amesite Trading Down 1.7%

The stock has a fifty day simple moving average of $1.95 and a two-hundred day simple moving average of $2.57. The firm has a market cap of $7.95 million, a PE ratio of -2.72 and a beta of 1.09.

Amesite (NASDAQ:AMSTGet Free Report) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.16) EPS for the quarter. Amesite had a negative net margin of 1,024.91% and a negative return on equity of 118.33%. The firm had revenue of $0.11 million for the quarter.

Institutional Investors Weigh In On Amesite

A hedge fund recently bought a new stake in Amesite stock. Virtu Financial LLC bought a new position in shares of Amesite Inc. (NASDAQ:AMSTFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned approximately 0.32% of Amesite as of its most recent SEC filing. 3.60% of the stock is currently owned by hedge funds and other institutional investors.

Amesite Company Profile

(Get Free Report)

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.

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