Ispire Technology (NASDAQ:ISPR) Releases Quarterly Earnings Results, Misses Estimates By $0.25 EPS

Ispire Technology (NASDAQ:ISPR) posted its quarterly earnings data on Tuesday. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.25), FiscalAI reports. The firm had revenue of $26.69 million for the quarter, compared to analyst estimates of $21.34 million. Ispire Technology had a negative return on equity of 2,383.89% and a negative net margin of 38.20%.

Ispire Technology Stock Down 2.0%

Shares of NASDAQ ISPR traded down $0.03 during trading hours on Tuesday, hitting $1.44. The company had a trading volume of 42,251 shares, compared to its average volume of 97,131. The stock has a market capitalization of $82.65 million, a P/E ratio of -2.36 and a beta of 2.06. Ispire Technology has a 1-year low of $1.01 and a 1-year high of $3.87. The firm’s 50 day moving average is $1.56 and its 200-day moving average is $1.70.

Analysts Set New Price Targets

ISPR has been the topic of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Ispire Technology in a research note on Friday, August 7th. BTIG Research initiated coverage on shares of Ispire Technology in a research note on Tuesday, July 21st. They issued a “buy” rating and a $3.50 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Ispire Technology has a consensus rating of “Hold” and an average price target of $3.50.

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.