Ispire Technology (NASDAQ:ISPR) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

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

Ispire Technology Stock Up 1.9 %

Shares of ISPR stock opened at $6.60 on Friday. The firm has a market cap of $372.25 million, a P/E ratio of -27.50 and a beta of 2.84. The company has a 50 day moving average of $7.15 and a 200-day moving average of $6.97. Ispire Technology has a 12-month low of $5.01 and a 12-month high of $19.78.

Analyst Ratings Changes

Separately, Roth Mkm reaffirmed a “buy” rating and set 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.