Rain Enhancement Technologies Holdco (NASDAQ:RAIN) Issues Quarterly Earnings Results

Rain Enhancement Technologies Holdco (NASDAQ:RAIN) issued its quarterly earnings data on Wednesday. The company reported ($0.59) earnings per share for the quarter, Zacks reports.

Rain Enhancement Technologies Holdco Stock Performance

RAIN traded up $0.18 on Wednesday, reaching $2.41. The company had a trading volume of 18,580 shares, compared to its average volume of 26,069. The company’s fifty day moving average is $2.68 and its 200 day moving average is $4.24. The stock has a market cap of $19.74 million, a P/E ratio of -3.89 and a beta of -0.17. Rain Enhancement Technologies Holdco has a fifty-two week low of $1.98 and a fifty-two week high of $9.58.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rain Enhancement Technologies Holdco in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of Rain Enhancement Technologies Holdco

A number of institutional investors have recently bought and sold shares of RAIN. Geode Capital Management LLC raised its position in shares of Rain Enhancement Technologies Holdco by 29.2% in the 4th quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock valued at $127,000 after buying an additional 4,896 shares in the last quarter. Quarry LP acquired a new position in Rain Enhancement Technologies Holdco in the 4th quarter valued at approximately $88,000. Finally, Bank of America Corp DE increased its position in Rain Enhancement Technologies Holdco by 38,985.0% in the 3rd quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock valued at $43,000 after acquiring an additional 7,797 shares during the period. Institutional investors own 25.79% of the company’s stock.

Rain Enhancement Technologies Holdco Company Profile

As of January 26, 2024, operates as a subsidiary of Pathos AI, Inc