Axe Compute (NASDAQ:AGPU) Posts Earnings Results

Axe Compute (NASDAQ:AGPU) announced its quarterly earnings results on Friday. The company reported ($0.87) EPS 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 Stock Down 1.0%

Axe Compute stock opened at $8.27 on Friday. The company’s 50-day moving average price is $7.49 and its 200-day moving average price is $5.16. The company has a market cap of $95.06 million, a PE ratio of -1.01 and a beta of 3.44. Axe Compute has a twelve month low of $1.03 and a twelve month high of $32.10.

Analysts Set New Price Targets

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