Amaze (NYSEAMERICAN:AMZE) Posts Quarterly Earnings Results

Amaze (NYSEAMERICAN:AMZE) announced its quarterly earnings results on Wednesday. The company reported ($8.07) earnings per share (EPS) for the quarter, FiscalAI reports. Amaze had a negative return on equity of 23.54% and a negative net margin of 571.96%.The firm had revenue of ($0.22) million during the quarter.

Amaze Price Performance

AMZE stock opened at $0.13 on Friday. Amaze has a fifty-two week low of $0.12 and a fifty-two week high of $12.42. The stock has a market cap of $2.62 million, a P/E ratio of -0.01 and a beta of 1.90. The stock’s 50 day moving average price is $0.34.

Institutional Investors Weigh In On Amaze

An institutional investor recently raised its position in Amaze stock. Geode Capital Management LLC boosted its position in Amaze Holdings (NYSEAMERICAN:AMZE) by 254.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 142,373 shares of the company’s stock after purchasing an additional 102,248 shares during the quarter. Geode Capital Management LLC owned approximately 0.71% of Amaze worth $54,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AMZE has been the subject of a number of analyst reports. LADENBURG THALM/SH SH initiated coverage on shares of Amaze in a report on Wednesday, January 21st. They set a “buy” rating and a $3.00 target price for the company. Zacks Research raised Amaze to a “hold” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3.00.

Amaze Company Profile

Fresh Vine Wine, Inc produces and sells low-carb and low-calorie wines in the United States and Puerto Rico. Its wine varietals include cabernet sauvignon, pinot noir, chardonnay, and rose. The company offers its products through wholesale, retail, and direct-to-consumer channels. Fresh Vine Wine, Inc was founded in 2019 and is based in Plymouth, Minnesota. Fresh Vine Wine, Inc operates as a subsidiary of Nechio & Novak, LLC.