reAlpha Tech (NASDAQ:AIRE) Shares Down 4.3% – Here’s What Happened

reAlpha Tech Corp. (NASDAQ:AIRE)’s share price fell 4.3% during mid-day trading on Monday . The stock traded as low as $1.33 and last traded at $1.33. Approximately 31,699 shares were traded during mid-day trading, a decline of 40% from the average session volume of 52,559 shares. The stock had previously closed at $1.39.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of reAlpha Tech in a research note on Tuesday, July 14th. Wall Street Zen raised shares of reAlpha Tech to a “sell” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $50.00.

reAlpha Tech Stock Down 4.3%

The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $2.07 and a 200-day moving average price of $5.88. The firm has a market cap of $7.13 million, a P/E ratio of -0.28 and a beta of -2.81.

reAlpha Tech (NASDAQ:AIRE) last announced its quarterly earnings results on Tuesday, April 28th. The company reported ($0.75) EPS for the quarter, beating the consensus estimate of ($1.00) by $0.25. The firm had revenue of $0.84 million for the quarter, compared to analyst estimates of $1.28 million. reAlpha Tech had a negative return on equity of 258.24% and a negative net margin of 430.43%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its holdings in shares of reAlpha Tech by 120.4% in the 4th quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock valued at $393,000 after purchasing an additional 514,306 shares in the last quarter. State Street Corp lifted its position in shares of reAlpha Tech by 49.9% in the 4th quarter. State Street Corp now owns 242,650 shares of the company’s stock worth $101,000 after purchasing an additional 80,800 shares during the period. Virtu Financial LLC boosted its stake in shares of reAlpha Tech by 56.1% during the fourth quarter. Virtu Financial LLC now owns 178,189 shares of the company’s stock valued at $74,000 after purchasing an additional 64,039 shares in the last quarter. Finally, Scientech Research LLC bought a new position in shares of reAlpha Tech during the third quarter valued at approximately $87,000. Hedge funds and other institutional investors own 1.02% of the company’s stock.

About reAlpha Tech

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.