Ispire Technology (NASDAQ:ISPR) Issues Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Ispire Technology (NASDAQ:ISPR) announced its earnings results on Monday. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.08), FiscalAI reports. The company had revenue of $27.54 million for the quarter, compared to analysts’ expectations of $27.82 million.

Ispire Technology Stock Performance

Shares of Ispire Technology stock opened at $1.55 on Monday. Ispire Technology has a twelve month low of $1.01 and a twelve month high of $3.87. The stock has a market capitalization of $89.52 million, a P/E ratio of -2.63 and a beta of 2.02. The business’s fifty day moving average price is $1.40 and its 200 day moving average price is $1.81.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BTIG Research set a $3.30 price target on shares of Ispire Technology in a report on Wednesday, October 7th. Weiss Ratings reissued a “sell (e+)” rating on shares of Ispire Technology in a research note on Wednesday. Finally, Zacks Research lowered shares of Ispire Technology from a “hold” rating to a “strong sell” rating in a research report on Monday, September 21st. One research analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Ispire Technology presently has a consensus rating of “Hold” and an average target price of $3.30.

About Ispire Technology

Ispire Technology, Inc (NASDAQ: ISPR) develops, manufactures and distributes vaping technology and related products. The company serves both the cannabis and nicotine markets, offering hardware such as vaporizer devices, cartridges, batteries and disposable vaping products.

Ispire provides products under its own brands and also works with business customers through original equipment manufacturing and product-development arrangements. Its offerings are designed for use with cannabis oils, nicotine e-liquids and other vaporizer formulations, with an emphasis on device design, heating technology and manufacturing.

The company serves customers through international distribution channels, including markets in North America and other regions where vaping and cannabis products are permitted.