reAlpha Tech (NASDAQ:AIRE) Stock Price Up 6.5% – Time to Buy?

reAlpha Tech Corp. (NASDAQ:AIRE) was up 6.5% on Friday . The stock traded as high as $0.42 and last traded at $0.41. Approximately 6,557,556 shares were traded during trading, a decline of 31% from the average daily volume of 9,466,772 shares. The stock had previously closed at $0.38.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Maxim Group reaffirmed a “hold” rating on shares of reAlpha Tech in a report on Monday, July 28th. Wall Street Zen downgraded reAlpha Tech to a “strong sell” rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1.25.

reAlpha Tech Price Performance

The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.53 and a current ratio of 0.53. The firm’s 50-day simple moving average is $0.35 and its 200-day simple moving average is $0.66.

reAlpha Tech (NASDAQ:AIRE) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The business had revenue of $1.25 million for the quarter, compared to analysts’ expectations of $1.20 million. reAlpha Tech had a negative net margin of 988.62% and a negative return on equity of 213.07%. Equities research analysts predict that reAlpha Tech Corp. will post -0.16 earnings per share for the current fiscal year.

Institutional Trading of reAlpha Tech

A hedge fund recently bought a new stake in reAlpha Tech stock. Two Sigma Investments LP purchased a new stake in shares of reAlpha Tech Corp. (NASDAQ:AIRE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,679 shares of the company’s stock, valued at approximately $77,000. Two Sigma Investments LP owned approximately 0.06% of reAlpha Tech at the end of the most recent reporting period. Institutional investors and hedge funds 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.