Wall Street Zen Downgrades reAlpha Tech (NASDAQ:AIRE) to Strong Sell

Key Points

• reAlpha Tech's stock rating has been downgraded to a "strong sell" by Wall Street Zen, highlighting potential concerns about the company's performance.
• The firm reported a loss of $0.08 per share for its most recent quarter, missing analysts' expectations and indicating ongoing financial difficulties.
• Despite the recent downgrade, Maxim Group maintains a "hold" rating on the stock, reflecting mixed sentiments among analysts regarding reAlpha Tech's future prospects.

Wall Street Zen cut shares of reAlpha Tech (NASDAQ:AIRE - Free Report) to a strong sell rating in a research note issued to investors on Saturday.

Separately, Maxim Group reaffirmed a "hold" rating on shares of reAlpha Tech in a research note on Monday, July 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $1.25.

reAlpha Tech Price Performance

reAlpha Tech stock traded down $0.13 during trading hours on Friday, hitting $1.12. 28,355,059 shares of the company traded hands, compared to its average volume of 32,276,572. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.32. The firm's 50-day simple moving average is $0.49 and its two-hundred day simple moving average is $0.62. reAlpha Tech has a 1-year low of $0.14 and a 1-year high of $4.49.

reAlpha Tech (NASDAQ:AIRE - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The company had revenue of $1.25 million for the quarter, compared to analyst estimates of $1.20 million. reAlpha Tech had a negative net margin of 988.62% and a negative return on equity of 213.07%. On average, sell-side analysts predict that reAlpha Tech will post -0.16 EPS for the current fiscal year.

Institutional Trading of reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Two Sigma Investments LP purchased a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,679 shares of the company's stock, valued at approximately $77,000. Two Sigma Investments LP owned 0.06% of reAlpha Tech as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 1.02% of the company's 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.