Axe Compute (NASDAQ:AGPU) Releases Earnings Results

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

Axe Compute Stock Down 1.0%

AGPU opened at $8.27 on Friday. Axe Compute has a 52 week low of $1.03 and a 52 week high of $32.10. The business has a fifty day simple moving average of $7.49 and a 200-day simple moving average of $5.16. The firm has a market cap of $95.02 million, a P/E ratio of -1.01 and a beta of 3.44.

Analysts Set New Price Targets

AGPU has been the topic of a number of recent analyst reports. Weiss Ratings raised shares of Axe Compute from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 1st. Wall Street Zen cut shares of Axe Compute from a “hold” rating to a “sell” rating in a research report on Sunday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Axe Compute currently 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.