Ispire Technology (NASDAQ:ISPR) Stock Rating Reaffirmed by Roth Mkm

Ispire Technology (NASDAQ:ISPRGet Free Report)‘s stock had its “buy” rating reaffirmed by equities researchers at Roth Mkm in a note issued to investors on Wednesday, Benzinga reports. They currently have a $12.50 price objective on the stock. Roth Mkm’s price objective points to a potential upside of 98.41% from the company’s current price.

Ispire Technology Price Performance

ISPR stock opened at $6.30 on Wednesday. The stock has a market capitalization of $355.33 million, a P/E ratio of -26.25 and a beta of 2.84. Ispire Technology has a 1-year low of $5.01 and a 1-year high of $19.78. The business has a fifty day moving average price of $7.08 and a 200-day moving average price of $6.88.

Ispire Technology (NASDAQ:ISPRGet Free Report) last issued its earnings results on Thursday, September 26th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04. Ispire Technology had a negative return on equity of 34.23% and a negative net margin of 8.79%. The business had revenue of $37.34 million during the quarter, compared to analyst estimates of $34.00 million. As a group, analysts anticipate that Ispire Technology will post -0.3 earnings per share for the current year.

Institutional Investors Weigh In On Ispire Technology

A number of hedge funds have recently added to or reduced their stakes in ISPR. Yong Rong HK Asset Management Ltd boosted its stake in shares of Ispire Technology by 94.2% in the 2nd quarter. Yong Rong HK Asset Management Ltd now owns 1,669,515 shares of the company’s stock worth $13,357,000 after buying an additional 809,819 shares during the last quarter. AdvisorShares Investments LLC grew its stake in shares of Ispire Technology by 10.0% during the 2nd quarter. AdvisorShares Investments LLC now owns 175,858 shares of the company’s stock valued at $1,361,000 after purchasing an additional 16,000 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Ispire Technology by 62.8% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 62,273 shares of the company’s stock valued at $382,000 after purchasing an additional 24,017 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Ispire Technology by 9.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 46,119 shares of the company’s stock worth $369,000 after purchasing an additional 3,931 shares during the period. Finally, Tidal Investments LLC purchased a new position in shares of Ispire Technology in the first quarter worth approximately $196,000. 5.00% of the stock is currently owned by hedge funds and other institutional investors.

About Ispire Technology

(Get Free Report)

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.

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