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

Ispire Technology (NASDAQ:ISPR) posted its quarterly earnings results on Thursday. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.04, Zacks reports. The business had revenue of $37.34 million for the quarter, compared to analyst estimates 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 Price Performance

ISPR traded up $0.19 during trading on Friday, reaching $6.67. The company had a trading volume of 39,354 shares, compared to its average volume of 94,033. The company has a market cap of $376.19 million, a P/E ratio of -28.50 and a beta of 2.84. Ispire Technology has a 12 month low of $5.01 and a 12 month high of $19.78. The business’s fifty day moving average price is $7.15 and its 200 day moving average price is $6.99.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reissued a “buy” rating and issued a $12.50 price target (up previously from $11.00) on shares of Ispire Technology in a 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.