Ispire Technology (NASDAQ:ISPR) Releases Earnings Results

Ispire Technology (NASDAQ:ISPR) issued its earnings results on Monday. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.08), FiscalAI reports. The business had revenue of $27.54 million during the quarter, compared to analysts’ expectations of $27.82 million.

Ispire Technology Stock Performance

NASDAQ ISPR opened at $1.55 on Monday. The firm’s fifty day moving average price is $1.40 and its two-hundred day moving average price is $1.81. The stock has a market cap of $89.52 million, a PE ratio of -2.63 and a beta of 2.02. Ispire Technology has a fifty-two week low of $1.01 and a fifty-two week high of $3.87.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BTIG Research set a $3.30 price objective on Ispire Technology in a research report on Wednesday, October 7th. Zacks Research cut Ispire Technology from a “hold” rating to a “strong sell” rating in a research report on Monday, September 21st. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ispire Technology in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Ispire Technology currently has an average rating of “Hold” and an average price target of $3.30.

Ispire Technology Company Profile

Ispire Technology, Inc (NASDAQ: ISPR) develops, manufactures and distributes vaping technology and related products. The company serves both the cannabis and nicotine markets, offering hardware such as vaporizer devices, cartridges, batteries and disposable vaping products.

Ispire provides products under its own brands and also works with business customers through original equipment manufacturing and product-development arrangements. Its offerings are designed for use with cannabis oils, nicotine e-liquids and other vaporizer formulations, with an emphasis on device design, heating technology and manufacturing.

The company serves customers through international distribution channels, including markets in North America and other regions where vaping and cannabis products are permitted.