reAlpha Tech (NASDAQ:AIRE) Downgraded by Wall Street Zen 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 downgraded shares of reAlpha Tech (NASDAQ:AIRE - Free Report) to a strong sell rating in a report issued on Saturday.

Separately, Maxim Group reiterated a "hold" rating on shares of reAlpha Tech in a report on Monday, July 28th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $1.25.

reAlpha Tech Stock Down 11.0%

AIRE stock traded down $0.16 during trading on Friday, hitting $1.29. The company had a trading volume of 62,545,314 shares, compared to its average volume of 26,689,284. reAlpha Tech has a 52-week low of $0.14 and a 52-week high of $4.49. The company has a 50 day simple moving average of $0.43 and a 200-day simple moving average of $0.62. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 3.32.

reAlpha Tech (NASDAQ:AIRE - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations of $1.20 million. reAlpha Tech had a negative return on equity of 213.07% and a negative net margin of 988.62%. As a group, research analysts predict that reAlpha Tech will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in reAlpha Tech stock. Two Sigma Investments LP purchased a new stake in reAlpha Tech Corp. (NASDAQ:AIRE - Free Report) during the fourth quarter, according to its most recent filing with the 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 at the end of the most recent quarter. 1.02% of the stock is currently owned by institutional investors and hedge funds.

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.