Ispire Technology (NASDAQ:ISPR) Posts Earnings Results, Meets Estimates

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

Ispire Technology Stock Performance

NASDAQ:ISPR traded up $0.09 during mid-day trading on Wednesday, hitting $6.10. 53,174 shares of the company’s stock traded hands, compared to its average volume of 93,493. The firm’s 50 day simple moving average is $6.54 and its 200 day simple moving average is $6.91. Ispire Technology has a 1 year low of $5.01 and a 1 year high of $19.78.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Roth Mkm reiterated a “buy” rating and issued a $12.50 price target on shares of Ispire Technology in a report on Wednesday, October 2nd. Roth Capital upgraded shares of Ispire Technology to a “strong-buy” rating in a report on Friday, November 8th.

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.