reAlpha Tech (NASDAQ:AIRE – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02), Zacks reports. The company had revenue of $0.34 million during the quarter. reAlpha Tech had a negative net margin of 2,035.17% and a negative return on equity of 45.22%.
reAlpha Tech Price Performance
NASDAQ AIRE opened at $0.98 on Friday. The company has a quick ratio of 3.30, a current ratio of 1.03 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of $1.19 and a 200-day simple moving average of $1.19. reAlpha Tech has a one year low of $0.53 and a one year high of $15.90.
Analyst Upgrades and Downgrades
Separately, Maxim Group assumed coverage on shares of reAlpha Tech in a research note on Friday, October 25th. They issued a “buy” rating and a $3.00 target price on the stock.
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.
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