Axe Compute (NASDAQ:AGPU) Announces Quarterly Earnings Results

Axe Compute (NASDAQ:AGPU) announced its quarterly earnings results on Friday. The company reported ($0.87) earnings per share for the quarter, Zacks reports. Axe Compute had a negative net margin of 470,383.31% and a negative return on equity of 7,363.67%.

Axe Compute Trading Down 1.0%

Shares of NASDAQ AGPU traded down $0.08 during trading on Friday, reaching $8.27. The company had a trading volume of 235,240 shares, compared to its average volume of 1,565,380. Axe Compute has a twelve month low of $1.03 and a twelve month high of $32.10. The stock has a 50-day moving average price of $7.48 and a two-hundred day moving average price of $5.14. The stock has a market capitalization of $95.02 million, a PE ratio of -1.01 and a beta of 3.44.

Analysts Set New Price Targets

AGPU has been the topic of a number of research reports. Wall Street Zen raised shares of Axe Compute from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised shares of Axe Compute from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Axe Compute Company Profile

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.