reAlpha Tech (NASDAQ:AIRE) Releases Earnings Results, Misses Expectations By $0.02 EPS

reAlpha Tech (NASDAQ:AIREGet Free Report) announced its earnings results on Tuesday. The company reported ($0.05) earnings per share 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 net margin of 2,035.17% and a negative return on equity of 46.83%.

reAlpha Tech Price Performance

AIRE stock traded up $0.01 during midday trading on Thursday, hitting $1.02. The stock had a trading volume of 10,982 shares, compared to its average volume of 1,019,899. reAlpha Tech has a 52-week low of $0.53 and a 52-week high of $15.90. The business has a 50-day moving average of $1.20 and a two-hundred day moving average of $1.19.

Wall Street Analysts Forecast Growth

Separately, Maxim Group assumed coverage on shares of reAlpha Tech in a research note on Friday, October 25th. They issued a “buy” rating and a $3.00 target price on the stock.

View Our Latest Analysis on AIRE

About reAlpha Tech

(Get Free Report)

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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