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

by · The Cerbat Gem

Ispire Technology (NASDAQ:ISPR – Get Free Report) posted its earnings results on Thursday. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.04, Zacks reports. The business had revenue of $37.34 million during the quarter, compared to the consensus estimate 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

Shares of NASDAQ:ISPR opened at $6.60 on Friday. Ispire Technology has a 1-year low of $5.01 and a 1-year high of $19.78. The stock has a market cap of $372.25 million, a P/E ratio of -27.50 and a beta of 2.84. The firm has a fifty day moving average price of $7.15 and a 200 day moving average price of $6.97.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a “buy” rating and set a $12.50 price target (up previously from $11.00) on shares of Ispire Technology in a research report on Monday, July 22nd.

Read Our Latest Report on Ispire Technology

About Ispire Technology

(Get Free Report)

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.

Further Reading