reAlpha Tech (NASDAQ:AIRE) Trading Down 4.2% – Time to Sell?

reAlpha Tech Corp. (NASDAQ:AIRE)’s share price traded down 4.2% on Monday . The stock traded as low as $0.2760 and last traded at $0.2830. 1,006,548 shares traded hands during trading, a decline of 19% from the average session volume of 1,241,999 shares. The stock had previously closed at $0.2954.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AIRE. HC Wainwright reaffirmed a “buy” rating and set a $2.00 target price on shares of reAlpha Tech in a research report on Monday, February 23rd. Weiss Ratings restated a “sell (e+)” rating on shares of reAlpha Tech in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1.63.

reAlpha Tech Stock Down 4.2%

The stock has a market capitalization of $37.31 million, a P/E ratio of -1.29 and a beta of -2.50. The company has a current ratio of 2.70, a quick ratio of 2.70 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $0.29 and its 200 day simple moving average is $0.43.

reAlpha Tech (NASDAQ:AIRE) last released its earnings results on Thursday, March 12th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The company had revenue of $0.89 million during the quarter, compared to the consensus estimate of $0.94 million. reAlpha Tech had a negative net margin of 389.38% and a negative return on equity of 346.03%. As a group, research analysts predict that reAlpha Tech Corp. will post -0.11 EPS for the current fiscal year.

Institutional Trading of reAlpha Tech

Several institutional investors and hedge funds have recently bought and sold shares of AIRE. Geode Capital Management LLC grew its position in shares of reAlpha Tech by 120.4% in the 4th quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock worth $393,000 after acquiring an additional 514,306 shares in the last quarter. Scientech Research LLC acquired a new stake in shares of reAlpha Tech during the 3rd quarter valued at approximately $87,000. Virtu Financial LLC lifted its stake in reAlpha Tech by 484.4% during the third quarter. Virtu Financial LLC now owns 114,150 shares of the company’s stock worth $88,000 after purchasing an additional 94,616 shares during the last quarter. Finally, State Street Corp boosted its holdings in reAlpha Tech by 49.9% in the fourth quarter. State Street Corp now owns 242,650 shares of the company’s stock worth $101,000 after purchasing an additional 80,800 shares during the period. Institutional investors and hedge funds 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.