reAlpha Tech (NASDAQ:AIRE) Stock Price Down 3.1% – Should You Sell?

reAlpha Tech Corp. (NASDAQ:AIRE) shares fell 3.1% during trading on Tuesday . The stock traded as low as $1.25 and last traded at $1.25. 47,955 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 1,294,957 shares. The stock had previously closed at $1.29.

reAlpha Tech Price Performance

The stock’s 50 day moving average is $1.62 and its two-hundred day moving average is $1.42. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in reAlpha Tech stock. Geode Capital Management LLC raised its position in reAlpha Tech Corp. (NASDAQ:AIRE) by 17.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 85,394 shares of the company’s stock after acquiring an additional 12,435 shares during the period. Geode Capital Management LLC owned about 0.19% of reAlpha Tech worth $247,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 1.02% of the company’s stock.

About reAlpha Tech

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.