Aether (NASDAQ:ATHR) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Aether (NASDAQ:ATHR) announced its quarterly earnings results on Thursday. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.01, FiscalAI reports. Aether had a negative return on equity of 149.35% and a negative net margin of 378.31%.The business had revenue of $0.33 million for the quarter.

Aether Stock Up 13.9%

NASDAQ:ATHR traded up $0.51 during mid-day trading on Friday, reaching $4.19. 1,162 shares of the company were exchanged, compared to its average volume of 13,199. The stock has a market cap of $50.89 million, a PE ratio of -9.74 and a beta of 6.73. Aether has a 12 month low of $1.87 and a 12 month high of $10.60. The company has a fifty day moving average of $3.91 and a 200 day moving average of $3.75.

Hedge Funds Weigh In On Aether

A hedge fund recently bought a new stake in Aether stock. Axiom Investment Management LLC purchased a new stake in shares of Aether Holdings, Inc. (NASDAQ:ATHR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,135 shares of the company’s stock, valued at approximately $78,000. Axiom Investment Management LLC owned about 0.27% of Aether at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Aether in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

About Aether

We are an emerging financial technology platform company that offers proprietary research analytics, data and tools for both institutional and retail equity traders through our flagship platform, SentimenTrader.com. By integrating advanced technologies, including artificial intelligence (“AI”) tools, with the critical thinking and analytical abilities of our team of evidenced-based trading veterans, we aim to provide our Users with a powerful combination of technology and expertise, enabling them to make informed decisions to level-up their trading in the markets.