Ispire Technology Inc. (NASDAQ:ISPR - Get Free Report)'s share price traded down 3.3% on Monday . The company traded as low as $2.92 and last traded at $2.95. 75,997 shares were traded during trading, an increase of 138% from the average session volume of 31,971 shares. The stock had previously closed at $3.05.
Wall Street Analyst Weigh In
Separately, Roth Mkm reduced their price target on Ispire Technology from $9.00 to $7.50 and set a "buy" rating on the stock in a research note on Thursday, May 15th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat.com, Ispire Technology has a consensus rating of "Strong Buy" and a consensus price target of $7.50.
Get Our Latest Analysis on ISPR
Ispire Technology Stock Down 3.3%
The company has a current ratio of 0.98, a quick ratio of 0.90 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $168.59 million, a PE ratio of -6.02 and a beta of 2.84. The firm has a 50-day moving average of $2.76 and a two-hundred day moving average of $3.10.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the company. Nuveen LLC purchased a new position in shares of Ispire Technology in the 1st quarter worth $67,000. Private Advisor Group LLC purchased a new position in shares of Ispire Technology in the 1st quarter worth $49,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ispire Technology by 44.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 288,434 shares of the company's stock valued at $1,451,000 after purchasing an additional 88,842 shares during the period. Bank of America Corp DE raised its position in Ispire Technology by 35.3% in the fourth quarter. Bank of America Corp DE now owns 19,156 shares of the company's stock valued at $96,000 after purchasing an additional 4,997 shares during the period. Finally, Northern Trust Corp raised its position in Ispire Technology by 5.3% in the fourth quarter. Northern Trust Corp now owns 171,801 shares of the company's stock valued at $864,000 after purchasing an additional 8,704 shares during the period. 5.00% of the stock is owned by hedge funds and other institutional investors.
Ispire Technology Company Profile
(
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.
Further Reading
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