Rain Enhancement Technologies Holdco (NASDAQ:RAIN – Get Free Report) announced its quarterly earnings results on Friday. The company reported ($0.40) earnings per share for the quarter, Zacks reports.
Rain Enhancement Technologies Holdco Trading Down 5.2%
NASDAQ:RAIN traded down $0.05 during trading hours on Friday, hitting $0.92. 227,755 shares of the company traded hands, compared to its average volume of 230,338. Rain Enhancement Technologies Holdco has a twelve month low of $0.89 and a twelve month high of $8.52. The firm has a 50-day moving average of $1.74 and a 200 day moving average of $2.21. The stock has a market capitalization of $7.53 million, a price-to-earnings ratio of -0.74 and a beta of -0.22.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings raised Rain Enhancement Technologies Holdco from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rain Enhancement Technologies Holdco presently has an average rating of “Sell”.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its position in Rain Enhancement Technologies Holdco by 38,985.0% during the third quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock worth $43,000 after buying an additional 7,797 shares in the last quarter. Quarry LP bought a new stake in shares of Rain Enhancement Technologies Holdco during the fourth quarter valued at approximately $88,000. Finally, Geode Capital Management LLC increased its position in shares of Rain Enhancement Technologies Holdco by 29.2% during the fourth quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock valued at $127,000 after purchasing an additional 4,896 shares during the period. Institutional investors and hedge funds own 25.79% of the company’s stock.
About Rain Enhancement Technologies Holdco
As of January 26, 2024, operates as a subsidiary of Pathos AI, Inc
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