Rain Enhancement Technologies Holdco (NASDAQ:RAIN) Issues Earnings Results
by Amy Steele · The Cerbat GemRain Enhancement Technologies Holdco (NASDAQ:RAIN – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.59) EPS for the quarter, Zacks reports.
Rain Enhancement Technologies Holdco Stock Down 9.9%
RAIN stock opened at $2.28 on Friday. Rain Enhancement Technologies Holdco has a twelve month low of $1.98 and a twelve month high of $9.58. The stock’s 50 day moving average is $2.68 and its 200-day moving average is $4.21. The firm has a market capitalization of $18.67 million, a PE ratio of -1.88 and a beta of -0.17.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Rain Enhancement Technologies Holdco in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
Get Our Latest Analysis on RAIN
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Rain Enhancement Technologies Holdco by 29.2% in the fourth quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock valued at $127,000 after purchasing an additional 4,896 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Rain Enhancement Technologies Holdco by 38,985.0% in the third quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock valued at $43,000 after purchasing an additional 7,797 shares in the last quarter. Finally, Quarry LP bought a new stake in Rain Enhancement Technologies Holdco during the fourth quarter worth $88,000. Institutional investors own 25.79% of the company’s stock.
Rain Enhancement Technologies Holdco Company Profile
As of January 26, 2024, operates as a subsidiary of Pathos AI, Inc