Wall Street Zen Downgrades Axe Compute (NASDAQ:AGPU) to Sell

Axe Compute (NASDAQ:AGPU) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Separately, Weiss Ratings upgraded shares of Axe Compute from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Axe Compute has an average rating of “Sell”.

Axe Compute Stock Down 25.5%

Shares of AGPU opened at $7.11 on Thursday. The firm’s 50-day moving average price is $6.94. The company has a market capitalization of $81.69 million, a price-to-earnings ratio of -0.87 and a beta of 3.43. Axe Compute has a 12-month low of $1.03 and a 12-month high of $32.10.

Axe Compute (NASDAQ:AGPU) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.36) earnings per share for the quarter. Axe Compute had a negative net margin of 470,383.31% and a negative return on equity of 7,363.67%. The company had revenue of $0.04 million during the quarter.

About Axe Compute

Axe Compute (NASDAQ: AGPU) is an AI infrastructure company focused on providing enterprise-grade graphics processing unit (GPU) compute capacity for artificial intelligence, machine learning and other high-performance computing workloads. The company positions itself as an alternative to traditional hyperscale cloud providers by offering dedicated, bare-metal GPU infrastructure designed to give customers greater control over hardware configuration, deployment location and workload performance.

Its services include access to dedicated GPU clusters that can be configured for AI training, inference, simulation, diffusion models and other compute-intensive applications.