reAlpha Tech (NASDAQ:AIRE) Stock Price Up 6.5% – What’s Next?

reAlpha Tech Corp. (NASDAQ:AIRE)’s stock price traded up 6.5% during mid-day trading on Friday . The stock traded as high as $0.42 and last traded at $0.41. 6,557,556 shares were traded during mid-day trading, a decline of 31% from the average session volume of 9,466,772 shares. The stock had previously closed at $0.38.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on AIRE shares. Maxim Group reaffirmed a “hold” rating on shares of reAlpha Tech in a report on Monday, July 28th. Wall Street Zen cut shares of reAlpha Tech to a “strong sell” rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, reAlpha Tech currently has a consensus rating of “Hold” and a consensus price target of $1.25.

reAlpha Tech Stock Up 6.5%

The business’s 50-day moving average price is $0.35 and its 200 day moving average price is $0.66. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.53 and a quick ratio of 0.53.

reAlpha Tech (NASDAQ:AIRE) last announced its earnings results on Thursday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). reAlpha Tech had a negative net margin of 988.62% and a negative return on equity of 213.07%. The business had revenue of $1.25 million during the quarter, compared to the consensus estimate of $1.20 million. On average, research analysts forecast that reAlpha Tech Corp. will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of reAlpha Tech

An institutional investor recently bought a new position in reAlpha Tech stock. Two Sigma Investments LP acquired a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,679 shares of the company’s stock, valued at approximately $77,000. Two Sigma Investments LP owned about 0.06% of reAlpha Tech at the end of the most recent reporting period. 1.02% of the stock is owned by institutional investors and hedge funds.

reAlpha Tech Company Profile

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.