reAlpha Tech (NASDAQ:AIRE) Lowered to “Strong Sell” Rating by Wall Street Zen

reAlpha Tech (NASDAQ:AIRE) was downgraded by analysts at Wall Street Zen to a “strong sell” rating in a report released on Saturday.

Separately, Maxim Group cut their price objective on shares of reAlpha Tech from $3.00 to $1.25 and set a “buy” rating for the company in a research report on Wednesday, May 21st.

reAlpha Tech Trading Down 7.5%

NASDAQ AIRE opened at $0.42 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.58 and a quick ratio of 0.58. reAlpha Tech has a 12-month low of $0.14 and a 12-month high of $4.49. The firm has a 50-day moving average price of $0.39 and a two-hundred day moving average price of $0.94.

reAlpha Tech (NASDAQ:AIRE) last issued its earnings results on Friday, May 16th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The firm had revenue of $0.53 million during the quarter, compared to analyst estimates of $0.67 million. reAlpha Tech had a negative net margin of 1,481.42% and a negative return on equity of 80.37%. On average, equities analysts predict that reAlpha Tech will post -0.16 earnings per share for the current year.

Institutional Investors Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Two Sigma Investments LP purchased a new stake in shares of reAlpha Tech Corp. (NASDAQ:AIRE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 26,679 shares of the company’s stock, valued at approximately $77,000. Two Sigma Investments LP owned approximately 0.06% of reAlpha Tech at the end of the most recent quarter. Institutional investors and hedge funds own 1.02% of the company’s stock.

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.