reAlpha Tech (NASDAQ:AIRE – Get Free Report) issued its earnings results on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02), Zacks reports. The company had revenue of $0.34 million during the quarter. reAlpha Tech had a negative return on equity of 46.83% and a negative net margin of 2,035.17%.
reAlpha Tech Trading Down 3.0 %
AIRE stock traded down $0.03 during trading on Thursday, hitting $0.98. 49,185 shares of the stock traded hands, compared to its average volume of 1,020,073. reAlpha Tech has a one year low of $0.53 and a one year high of $15.90. The company has a 50 day simple moving average of $1.19 and a 200 day simple moving average of $1.19.
Analysts Set New Price Targets
Separately, Maxim Group started coverage on reAlpha Tech in a research report on Friday, October 25th. They issued a “buy” rating and a $3.00 price target on the stock.
reAlpha Tech Company Profile
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.
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