reAlpha Tech (NASDAQ:AIRE) Stock Rating Lowered by Wall Street Zen

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

Separately, Maxim Group reaffirmed a “hold” rating on shares of reAlpha Tech in a research report on Monday, July 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, reAlpha Tech presently has an average rating of “Hold” and an average price target of $1.25.

reAlpha Tech Stock Performance

NASDAQ AIRE opened at $1.45 on Friday. The firm’s 50-day moving average is $0.41 and its two-hundred day moving average is $0.63. reAlpha Tech has a 12 month low of $0.14 and a 12 month high of $4.49. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 3.32.

reAlpha Tech (NASDAQ:AIRE) last posted its earnings results on Thursday, August 14th. The company reported ($0.08) 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 company had revenue of $1.25 million during the quarter, compared to analyst estimates of $1.20 million. As a group, research analysts anticipate that reAlpha Tech 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 bought a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,679 shares of the company’s stock, valued at approximately $77,000. Two Sigma Investments LP owned 0.06% of reAlpha Tech as of its most recent filing with the Securities and Exchange Commission (SEC). 1.02% of the stock is currently owned by institutional investors.

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.