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

reAlpha Tech (NASDAQ:AIRE) issued its quarterly earnings data on Wednesday. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02), FiscalAI reports. The company had revenue of $1.45 million for the quarter. reAlpha Tech had a negative net margin of 813.89% and a negative return on equity of 213.07%.

reAlpha Tech Trading Down 13.6%

NASDAQ AIRE opened at $0.50 on Friday. reAlpha Tech has a 1-year low of $0.14 and a 1-year high of $4.49. The company has a market capitalization of $45.20 million, a price-to-earnings ratio of -2.63 and a beta of -3.90. The stock’s 50 day moving average is $0.71 and its two-hundred day moving average is $0.52.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AIRE shares. Maxim Group reissued a “hold” rating on shares of reAlpha Tech in a report on Monday, July 28th. Wall Street Zen lowered shares of reAlpha Tech to a “strong sell” rating in a research report on Saturday, September 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of reAlpha Tech in a research report on Tuesday. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $1.25.

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.