Ispire Technology (NASDAQ:ISPR) Issues Quarterly Earnings Results, Meets Expectations

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

Ispire Technology Stock Up 0.5 %

Shares of NASDAQ ISPR traded up $0.03 during mid-day trading on Wednesday, reaching $6.04. 49,868 shares of the company were exchanged, compared to its average volume of 93,457. The stock has a market cap of $342.11 million, a price-to-earnings ratio of -17.68 and a beta of 2.85. The firm has a 50-day moving average of $6.54 and a 200 day moving average of $6.91. Ispire Technology has a 1 year low of $5.01 and a 1 year high of $19.78.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ISPR. Roth Capital upgraded shares of Ispire Technology to a “strong-buy” rating in a research report on Friday, November 8th. Roth Mkm reissued a “buy” rating and issued a $12.50 price target on shares of Ispire Technology in a report on Wednesday, October 2nd.

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.