reAlpha Tech’s (AIRE) “Buy” Rating Reaffirmed at HC Wainwright

HC Wainwright restated their buy rating on shares of reAlpha Tech (NASDAQ:AIRE) in a report released on Tuesday, MarketBeat Ratings reports. They currently have a $2.00 price target on the stock.

A number of other brokerages have also recently commented on AIRE. Weiss Ratings reiterated a “sell (e+)” rating on shares of reAlpha Tech in a research report on Monday, December 22nd. Wall Street Zen cut shares of reAlpha Tech to a “strong sell” rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1.63.

reAlpha Tech Stock Performance

NASDAQ AIRE opened at $0.43 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.99 and a quick ratio of 3.99. The stock’s 50 day simple moving average is $0.53 and its 200-day simple moving average is $0.51. The company has a market cap of $55.96 million, a PE ratio of -2.04 and a beta of -3.74. reAlpha Tech has a 1-year low of $0.14 and a 1-year high of $2.89.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $1.45 million for the quarter. reAlpha Tech had a negative return on equity of 595.92% and a negative net margin of 813.89%. As a group, equities research analysts anticipate that reAlpha Tech will post -0.16 EPS for the current fiscal year.

Institutional Investors Weigh In On reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Scientech Research LLC purchased a new stake in shares of reAlpha Tech Corp. (NASDAQ:AIRE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 113,486 shares of the company’s stock, valued at approximately $87,000. Scientech Research LLC owned about 0.13% of reAlpha Tech at the end of the most recent reporting period. Institutional investors own 1.02% of the company’s stock.

reAlpha Tech Company Profile

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.