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

Ispire Technology (NASDAQ:ISPR) posted its quarterly earnings data on Thursday. The company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.04, Zacks reports. The business had revenue of $37.34 million for the quarter, compared to analyst estimates 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 Trading Up 1.9 %

NASDAQ ISPR traded up $0.12 during midday trading on Friday, hitting $6.60. The company had a trading volume of 119,600 shares, compared to its average volume of 94,462. The company has a market capitalization of $372.25 million, a PE ratio of -27.50 and a beta of 2.84. Ispire Technology has a twelve month low of $5.01 and a twelve month high of $19.78. The firm has a 50-day moving average price of $7.15 and a 200-day moving average price of $6.97.

Wall Street Analyst Weigh In

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

Ispire Technology Company Profile

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.