Fusemachines (NASDAQ:FUSE) Shares Down 3.2% – Time to Sell?

Fusemachines Inc. (NASDAQ:FUSE)’s stock price dropped 3.2% on Thursday . The company traded as low as $1.22 and last traded at $1.22. Approximately 29,325 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 76,996 shares. The stock had previously closed at $1.26.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Fusemachines in a research note on Tuesday, January 27th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Fusemachines Stock Performance

The business has a 50 day moving average price of $1.52.

Institutional Investors Weigh In On Fusemachines

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meteora Capital LLC raised its position in Fusemachines by 22.0% in the 4th quarter. Meteora Capital LLC now owns 1,088,350 shares of the company’s stock valued at $1,796,000 after purchasing an additional 196,420 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of Fusemachines in the fourth quarter valued at about $124,000. Geode Capital Management LLC acquired a new position in Fusemachines during the 4th quarter worth about $116,000. Saba Capital Management L.P. bought a new stake in Fusemachines during the 4th quarter worth about $112,000. Finally, Alberta Investment Management Corp bought a new stake in Fusemachines during the 4th quarter worth about $78,000. 46.80% of the stock is owned by institutional investors and hedge funds.

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.