Ispire Technology (NASDAQ:ISPR) Announces Quarterly Earnings Results, Meets Expectations

Ispire Technology (NASDAQ:ISPR) released its quarterly earnings results on Monday. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.10), Zacks reports. Ispire Technology had a negative net margin of 12.80% and a negative return on equity of 57.47%. The company had revenue of $39.34 million for the quarter, compared to the consensus estimate of $45.60 million. During the same quarter in the prior year, the firm earned ($0.04) earnings per share.

Ispire Technology Trading Up 0.3 %

Shares of ISPR traded up $0.02 during midday trading on Wednesday, hitting $6.03. The stock had a trading volume of 50,698 shares, compared to its average volume of 93,481. Ispire Technology has a 1 year low of $5.01 and a 1 year high of $19.78. The stock’s 50 day moving average is $6.54 and its 200 day moving average is $6.91.

Wall Street Analysts Forecast Growth

ISPR has been the topic of several recent research reports. Roth Capital upgraded shares of Ispire Technology to a “strong-buy” rating in a research report on Friday, November 8th. Roth Mkm reaffirmed a “buy” rating and issued a $12.50 price objective on shares of Ispire Technology in a research note on Wednesday, October 2nd.

Ispire Technology Company Profile

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.