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

Shares of Amesite Inc. (NASDAQ:AMST) traded up 16.3% on Friday . The stock traded as high as $1.08 and last traded at $1.07. Approximately 71,242 shares were traded during trading, an increase of 8% from the average session 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 report on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Amesite Trading Up 16.3%

The stock’s fifty day moving average is $1.08 and its 200 day moving average is $1.43. The company has a market capitalization of $7.01 million, a P/E ratio of -1.70 and a beta of 0.98.

Amesite (NASDAQ:AMST) last announced its quarterly earnings results on Monday, May 18th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $0.08 million during the quarter, compared to analysts’ expectations of $0.25 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Amesite stock. HRT Financial LP purchased a new stake in shares of Amesite Inc. (NASDAQ:AMST) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 22,040 shares of the company’s stock, valued at approximately $41,000. HRT Financial LP owned about 0.48% of Amesite at the end of the most recent reporting period. 3.60% of the stock is owned by institutional investors and hedge funds.

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.