Ispire Technology (NASDAQ:ISPR) Announces Earnings Results, Hits Estimates

Ispire Technology (NASDAQ:ISPR) posted its earnings results on Monday. The company reported ($0.10) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.10), Zacks reports. Ispire Technology had a negative return on equity of 57.47% and a negative net margin of 12.80%. The firm had revenue of $39.34 million for the quarter, compared to the consensus estimate of $45.60 million. During the same quarter in the prior year, the business posted ($0.04) earnings per share.

Ispire Technology Trading Up 0.5 %

Shares of ISPR stock traded up $0.03 during midday trading on Wednesday, reaching $6.04. 49,868 shares of the stock were exchanged, compared to its average volume of 93,457. The firm has a market cap of $342.11 million, a PE ratio of -17.68 and a beta of 2.85. The company’s 50 day moving average is $6.54 and its two-hundred day moving average is $6.91. Ispire Technology has a 1 year low of $5.01 and a 1 year high of $19.78.

Analyst Ratings Changes

ISPR has been the topic of several recent analyst reports. Roth Capital upgraded shares of Ispire Technology to a “strong-buy” rating in a research note on Friday, November 8th. Roth Mkm reaffirmed a “buy” rating and set a $12.50 price objective on shares of Ispire Technology in a research note on Wednesday, October 2nd.

About Ispire Technology

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.