Ispire Technology (NASDAQ:ISPR – Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.25), FiscalAI reports. The company had revenue of $26.69 million for the quarter, compared to the consensus estimate of $21.34 million. Ispire Technology had a negative return on equity of 2,383.89% and a negative net margin of 38.20%.
Ispire Technology Trading Down 2.0%
ISPR stock traded down $0.03 on Tuesday, hitting $1.44. 42,253 shares of the company’s stock traded hands, compared to its average volume of 97,143. The stock has a market cap of $82.65 million, a price-to-earnings ratio of -2.36 and a beta of 2.06. Ispire Technology has a 1-year low of $1.01 and a 1-year high of $3.87. The stock has a fifty day moving average of $1.56 and a 200-day moving average of $1.70.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on ISPR shares. BTIG Research started coverage on Ispire Technology in a report on Tuesday, July 21st. They set a “buy” rating and a $3.50 target price on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ispire Technology in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Ispire Technology has a consensus rating of “Hold” and an average price target of $3.50.
About Ispire Technology
Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.
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