reAlpha Tech (NASDAQ:AIRE) Earns Buy Rating from Analysts at HC Wainwright

HC Wainwright started coverage on shares of reAlpha Tech (NASDAQ:AIRE) in a research report released on Wednesday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $2.00 price target on the stock.

Several other brokerages have also weighed in on AIRE. Weiss Ratings reissued a “sell (e+)” rating on shares of reAlpha Tech in a research report on Monday. Wall Street Zen lowered shares of reAlpha Tech to a “strong sell” rating in a research note on Saturday, September 13th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1.63.

reAlpha Tech Price Performance

reAlpha Tech stock opened at $0.53 on Wednesday. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $0.60 and a 200-day simple moving average of $0.51. The stock has a market cap of $67.22 million, a P/E ratio of -2.50 and a beta of -3.90. reAlpha Tech has a 12-month low of $0.14 and a 12-month high of $4.49.

reAlpha Tech (NASDAQ:AIRE) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The business had revenue of $1.45 million during the quarter. reAlpha Tech had a negative net margin of 813.89% and a negative return on equity of 595.92%. Equities analysts expect that reAlpha Tech will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in reAlpha Tech stock. Scientech Research LLC purchased a new position in shares of reAlpha Tech Corp. (NASDAQ:AIRE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 113,486 shares of the company’s stock, valued at approximately $87,000. Scientech Research LLC owned 0.13% of reAlpha Tech as of its most recent SEC filing. 1.02% of the stock is owned by institutional investors.

About reAlpha Tech

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.