reAlpha Tech (NASDAQ:AIRE) Coverage Initiated by Analysts at Maxim Group

Equities research analysts at Maxim Group assumed coverage on shares of reAlpha Tech (NASDAQ:AIRE) in a note issued to investors on Friday, Benzinga reports. The firm set a “buy” rating and a $3.00 price target on the stock. Maxim Group’s price objective suggests a potential upside of 172.73% from the company’s current price.

reAlpha Tech Price Performance

AIRE stock opened at $1.10 on Friday. The business has a 50 day simple moving average of $1.25 and a 200-day simple moving average of $1.17. reAlpha Tech has a twelve month low of $0.53 and a twelve month high of $93.88.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.03) earnings per share for the quarter. reAlpha Tech had a negative return on equity of 11.94% and a negative net margin of 1,259.42%. The business had revenue of $0.06 million for the quarter.

Institutional Trading of reAlpha Tech

An institutional investor recently bought a new position in reAlpha Tech stock. Sequoia Financial Advisors LLC bought a new stake in reAlpha Tech Corp. (NASDAQ:AIRE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 33,645 shares of the company’s stock, valued at approximately $32,000. Sequoia Financial Advisors LLC owned about 0.08% of reAlpha Tech at the end of the most recent quarter. Institutional investors own 1.02% of the company’s stock.

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.