Ispire Technology (NASDAQ:ISPR) Issues Earnings Results

Ispire Technology (NASDAQ:ISPR) announced its earnings results on Thursday. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.04, Zacks reports. The business had revenue of $37.34 million during the quarter, compared to analyst estimates of $34.00 million. Ispire Technology had a negative net margin of 8.79% and a negative return on equity of 34.23%.

Ispire Technology Stock Up 1.9 %

NASDAQ ISPR opened at $6.60 on Friday. The stock’s 50-day moving average price is $7.15 and its 200-day moving average price is $6.97. The company has a market capitalization of $372.25 million, a P/E ratio of -27.50 and a beta of 2.84. Ispire Technology has a 52 week low of $5.01 and a 52 week high of $19.78.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “buy” rating and issued a $12.50 target price (up from $11.00) on shares of Ispire Technology in a research report on Monday, July 22nd.

Ispire Technology Company Profile

Ispire Technology Inc researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. The company was founded in 2019 and is based in Los Angeles, California. Ispire Technology Inc operates as a subsidiary of Pride Worldwide Investment Limited.