Zacks Small Cap Comments on reAlpha Tech FY2024 Earnings

reAlpha Tech Corp. (NASDAQ:AIRE) – Analysts at Zacks Small Cap issued their FY2024 earnings estimates for shares of reAlpha Tech in a report issued on Monday, December 30th. Zacks Small Cap analyst M. Marin expects that the company will post earnings per share of ($0.16) for the year. Zacks Small Cap also issued estimates for reAlpha Tech’s Q4 2024 earnings at ($0.04) EPS and FY2025 earnings at ($0.14) EPS.

Separately, Maxim Group initiated coverage on reAlpha Tech in a report on Friday, October 25th. They set a “buy” rating and a $3.00 price objective on the stock.

reAlpha Tech Price Performance

Shares of reAlpha Tech stock opened at $2.39 on Wednesday. reAlpha Tech has a 12-month low of $0.53 and a 12-month high of $4.49. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.08. The stock’s fifty day moving average is $1.30 and its 200-day moving average is $1.28.

reAlpha Tech (NASDAQ:AIRE) last released its earnings results on Tuesday, November 12th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The business had revenue of $0.34 million for the quarter. reAlpha Tech had a negative net margin of 2,035.17% and a negative return on equity of 45.22%.

reAlpha Tech Company Profile

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.