SAIHEAT (NASDAQ:SAIH) Posts Earnings Results

SAIHEAT (NASDAQ:SAIH) announced its quarterly earnings data on Thursday. The company reported ($0.97) EPS for the quarter, FiscalAI reports. The company had revenue of $0.34 million during the quarter.

SAIHEAT Stock Performance

SAIH stock traded up $0.01 during midday trading on Thursday, hitting $10.83. 550 shares of the company’s stock were exchanged, compared to its average volume of 3,128. The stock’s fifty day moving average price is $8.70 and its 200-day moving average price is $8.41. SAIHEAT has a one year low of $5.00 and a one year high of $15.41.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SAIHEAT in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

SAIHEAT Company Profile

SAIHEAT Limited engages in the development of liquid-cooling data centers. It develops technologies for the advanced computing center ecosystem, a center that provides high-performance servers, liquid cooling, and systems for capturing and recycling computing heat. The company was formerly known as SAI.TECH Global Corporation and changed its name to SAIHEAT Limited in August 2024. SAIHEAT Limited was founded in 2019 and is headquartered in Singapore.