Ispire Technology (NASDAQ:ISPR – Get Free Report) announced its quarterly earnings data on Thursday. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04, Zacks reports. The business had revenue of $37.34 million for the quarter, compared to analyst estimates of $34.00 million. Ispire Technology had a negative net margin of 8.79% and a negative return on equity of 34.23%.
Ispire Technology Stock Up 1.9 %
Shares of Ispire Technology stock opened at $6.60 on Friday. The firm has a market capitalization of $372.25 million, a P/E ratio of -27.50 and a beta of 2.84. Ispire Technology has a 52 week low of $5.01 and a 52 week high of $19.78. The firm’s 50 day moving average is $7.15 and its two-hundred day moving average is $6.97.
Analysts Set New Price Targets
Separately, Roth Mkm restated a “buy” rating and issued a $12.50 price target (up from $11.00) on shares of Ispire Technology in a research note on Monday, July 22nd.
About Ispire Technology
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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