Ispire Technology (NASDAQ:ISPR) Releases Quarterly Earnings Results

Ispire Technology (NASDAQ:ISPR) released its quarterly earnings results on Monday. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10), Zacks reports. Ispire Technology had a negative net margin of 12.80% and a negative return on equity of 57.47%. The company had revenue of $39.34 million for the quarter, compared to analysts’ expectations of $45.60 million. During the same period last year, the company earned ($0.04) EPS.

Ispire Technology Price Performance

Shares of ISPR traded up $0.09 during mid-day trading on Wednesday, hitting $6.10. The company had a trading volume of 53,174 shares, compared to its average volume of 93,493. The business’s 50-day simple moving average is $6.54 and its 200-day simple moving average is $6.91. Ispire Technology has a 1-year low of $5.01 and a 1-year high of $19.78.

Analyst Ratings Changes

Several equities research analysts have issued reports on ISPR shares. Roth Capital raised shares of Ispire Technology to a “strong-buy” rating in a research note on Friday, November 8th. Roth Mkm reissued a “buy” rating and issued a $12.50 target price on shares of Ispire Technology in a research report on Wednesday, October 2nd.

Ispire Technology Company Profile

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.