reAlpha Tech (NASDAQ:AIRE) Issues Earnings Results

reAlpha Tech (NASDAQ:AIRE) released its quarterly earnings results on Wednesday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02), FiscalAI reports. reAlpha Tech had a negative net margin of 988.62% and a negative return on equity of 213.07%. The business had revenue of $1.45 million during the quarter.

reAlpha Tech Stock Up 2.6%

Shares of NASDAQ AIRE traded up $0.01 during mid-day trading on Wednesday, reaching $0.58. 15,313,513 shares of the company were exchanged, compared to its average volume of 14,786,267. reAlpha Tech has a 52 week low of $0.14 and a 52 week high of $4.49. The company’s 50 day moving average price is $0.71 and its 200 day moving average price is $0.52. The stock has a market capitalization of $52.25 million, a PE ratio of -3.04 and a beta of -3.90.

Analysts Set New Price Targets

AIRE has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of reAlpha Tech in a report on Tuesday. Wall Street Zen lowered reAlpha Tech to a “strong sell” rating in a research report on Saturday, September 13th. Finally, Maxim Group reissued a “hold” rating on shares of reAlpha Tech in a research note on Monday, July 28th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $1.25.

About reAlpha Tech

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.