Ispire Technology (NASDAQ:ISPR) Releases Earnings Results, Misses Expectations By $0.25 EPS

Ispire Technology (NASDAQ:ISPR) issued its earnings results on Tuesday. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.25), FiscalAI reports. Ispire Technology had a negative net margin of 38.20% and a negative return on equity of 2,383.89%. The firm had revenue of $26.69 million during the quarter, compared to the consensus estimate of $21.34 million.

Ispire Technology Trading Down 2.0%

Shares of NASDAQ:ISPR traded down $0.03 during trading on Tuesday, reaching $1.44. 42,251 shares of the stock were exchanged, compared to its average volume of 97,131. The stock has a 50-day moving average price of $1.56 and a 200-day moving average price of $1.70. Ispire Technology has a 12 month low of $1.01 and a 12 month high of $3.87. The firm has a market cap of $82.65 million, a PE ratio of -2.36 and a beta of 2.06.

Analysts Set New Price Targets

ISPR has been the subject of a number of research analyst reports. BTIG Research began coverage on Ispire Technology in a report on Tuesday, July 21st. They set a “buy” rating and a $3.50 price target for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Ispire Technology in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $3.50.

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.