Ispire Technology (NASDAQ:ISPR) Announces Quarterly Earnings Results

Ispire Technology (NASDAQ:ISPR) released its quarterly earnings data 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. Ispire Technology had a negative net margin of 8.79% and a negative return on equity of 34.23%. The company had revenue of $37.34 million during the quarter, compared to the consensus estimate of $34.00 million.

Ispire Technology Stock Performance

Shares of ISPR stock traded up $0.36 on Friday, hitting $6.84. The stock had a trading volume of 38,068 shares, compared to its average volume of 94,027. The firm has a market capitalization of $385.78 million, a price-to-earnings ratio of -28.71 and a beta of 2.84. The stock’s 50 day moving average is $7.15 and its 200-day moving average is $6.99. Ispire Technology has a 52-week low of $5.01 and a 52-week high of $19.78.

Analyst Ratings Changes

Separately, Roth Mkm reiterated a “buy” rating and set a $12.50 price objective (up from $11.00) on shares of Ispire Technology in a research note 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.