Ispire Technology (NASDAQ:ISPR – Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08), FiscalAI reports. The firm had revenue of $27.54 million during the quarter, compared to analysts’ expectations of $27.82 million.
Ispire Technology Price Performance
Ispire Technology stock opened at $1.55 on Monday. The company has a market capitalization of $89.52 million, a PE ratio of -2.63 and a beta of 2.02. Ispire Technology has a 12-month low of $1.01 and a 12-month high of $3.87. The firm’s fifty day moving average is $1.40 and its 200 day moving average is $1.81.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on ISPR shares. BTIG Research set a $3.30 price objective on shares of Ispire Technology in a report on Wednesday, October 7th. Zacks Research downgraded Ispire Technology from a “hold” rating to a “strong sell” rating in a report on Monday, September 21st. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Ispire Technology in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.30.
Get Our Latest Stock Report on ISPR
Ispire Technology Company Profile
Ispire Technology, Inc (NASDAQ: ISPR) develops, manufactures and distributes vaping technology and related products. The company serves both the cannabis and nicotine markets, offering hardware such as vaporizer devices, cartridges, batteries and disposable vaping products.
Ispire provides products under its own brands and also works with business customers through original equipment manufacturing and product-development arrangements. Its offerings are designed for use with cannabis oils, nicotine e-liquids and other vaporizer formulations, with an emphasis on device design, heating technology and manufacturing.
The company serves customers through international distribution channels, including markets in North America and other regions where vaping and cannabis products are permitted.
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