Ispire Technology Inc. (NASDAQ:ISPR – Get Free Report) fell 3.3% during trading on Monday . The company traded as low as $7.70 and last traded at $7.74. 95,992 shares changed hands during trading, an increase of 0% from the average session volume of 95,812 shares. The stock had previously closed at $8.00.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Roth Mkm reissued a “buy” rating and set a $11.00 price objective on shares of Ispire Technology in a research note on Friday, June 7th. Roth Capital raised Ispire Technology to a “strong-buy” rating in a research note on Monday, May 20th.
Check Out Our Latest Stock Report on Ispire Technology
Ispire Technology Stock Performance
Ispire Technology (NASDAQ:ISPR – Get Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.11) EPS for the quarter. Ispire Technology had a negative net margin of 8.79% and a negative return on equity of 34.23%. The business had revenue of $30.02 million during the quarter. As a group, analysts forecast that Ispire Technology Inc. will post -0.3 EPS for the current fiscal year.
Institutional Investors Weigh In On Ispire Technology
A number of institutional investors have recently modified their holdings of ISPR. Mirae Asset Global Investments Co. Ltd. acquired a new position in Ispire Technology in the fourth quarter worth $464,000. Amalgamated Bank lifted its position in shares of Ispire Technology by 499.0% in the 4th quarter. Amalgamated Bank now owns 2,474 shares of the company’s stock worth $30,000 after buying an additional 2,061 shares during the last quarter. AdvisorShares Investments LLC acquired a new position in shares of Ispire Technology in the 4th quarter valued at about $969,000. Finally, Tidal Investments LLC bought a new stake in shares of Ispire Technology during the 1st quarter valued at about $196,000. Institutional investors and hedge funds own 5.00% of the company’s stock.
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.
See Also
- Five stocks we like better than Ispire Technology
- What Makes a Stock a Good Dividend Stock?
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- What Investors Need to Know to Beat the Market
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- How to Invest in Small Cap StocksĀ
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for Ispire Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ispire Technology and related companies with MarketBeat.com's FREE daily email newsletter.