Amesite (NASDAQ:AMST) Stock Price Up 16.3% – Here’s What Happened

Amesite Inc. (NASDAQ:AMST) shares were up 16.3% during mid-day trading on Friday . The stock traded as high as $1.08 and last traded at $1.07. 71,242 shares changed hands during trading, an increase of 8% from the average daily volume of 66,094 shares. The stock had previously closed at $0.92.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Amesite from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Amesite Trading Up 16.3%

The business’s 50 day moving average price is $1.08 and its two-hundred day moving average price is $1.43. The stock has a market cap of $7.01 million, a P/E ratio of -1.70 and a beta of 0.98.

Amesite (NASDAQ:AMST) last released its quarterly earnings results on Monday, May 18th. The company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.96) by $0.81. Amesite had a negative net margin of 873.02% and a negative return on equity of 154.31%. The company had revenue of $0.08 million during the quarter, compared to the consensus estimate of $0.25 million.

Institutional Trading of Amesite

An institutional investor recently bought a new position in Amesite stock. Virtu Financial LLC bought a new stake in Amesite Inc. (NASDAQ:AMST) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,708 shares of the company’s stock, valued at approximately $28,000. Virtu Financial LLC owned 0.32% of Amesite as of its most recent SEC filing. Hedge funds and other institutional investors own 3.60% of the company’s stock.

About Amesite

Amesite, Inc (NASDAQ: AMST) is a software company specializing in AI-driven digital learning and training solutions. Its cloud-based platform enables organizations to create, manage and deliver customized online courses and professional development programs. Leveraging machine learning and natural language processing, the platform offers real-time analytics, adaptive content recommendations, multimedia assessments and community collaboration tools to support both synchronous and asynchronous learning.

The company’s primary end markets include corporate enterprises, higher education institutions, government agencies and nonprofit organizations.