Shares of Ispire Technology Inc. (NASDAQ:ISPR - Get Free Report) fell 2.7% during trading on Tuesday . The stock traded as low as $2.93 and last traded at $2.93. 35,904 shares changed hands during trading, a decline of 40% from the average session volume of 59,993 shares. The stock had previously closed at $3.01.
Analyst Upgrades and Downgrades
Separately, Roth Mkm cut their target price on Ispire Technology from $9.00 to $7.50 and set a "buy" rating on the stock in a report on Thursday, May 15th.
Check Out Our Latest Analysis on ISPR
Ispire Technology Trading Down 0.3%
The business has a fifty day moving average of $2.70 and a 200-day moving average of $3.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.90 and a current ratio of 0.98. The company has a market capitalization of $166.88 million, a P/E ratio of -5.96 and a beta of 2.82.
Ispire Technology (NASDAQ:ISPR - Get Free Report) last issued its quarterly earnings data on Friday, May 9th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.07). Ispire Technology had a negative net margin of 19.26% and a negative return on equity of 107.00%. The company had revenue of $26.19 million for the quarter, compared to the consensus estimate of $31.80 million. Analysts anticipate that Ispire Technology Inc. will post -0.44 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Ispire Technology
A number of hedge funds have recently made changes to their positions in ISPR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ispire Technology by 44.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 288,434 shares of the company's stock worth $1,451,000 after acquiring an additional 88,842 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Ispire Technology by 206.3% in the 4th quarter. JPMorgan Chase & Co. now owns 70,375 shares of the company's stock worth $354,000 after buying an additional 47,402 shares during the last quarter. Nuveen LLC bought a new stake in Ispire Technology in the first quarter valued at approximately $67,000. Private Advisor Group LLC bought a new stake in Ispire Technology in the first quarter valued at approximately $49,000. Finally, Geode Capital Management LLC increased its stake in shares of Ispire Technology by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 465,841 shares of the company's stock valued at $2,344,000 after buying an additional 13,397 shares during the period. 5.00% of the stock is currently owned by institutional investors.
About Ispire Technology
(
Get Free Report)
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.
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