Zacks Small Cap Comments on reAlpha Tech FY2024 Earnings

reAlpha Tech Corp. (NASDAQ:AIRE) – Zacks Small Cap issued their FY2024 earnings per share estimates for reAlpha Tech in a report released on Monday, December 30th. Zacks Small Cap analyst M. Marin forecasts that the company will post earnings per share of ($0.16) for the year. Zacks Small Cap also issued estimates for reAlpha Tech’s Q4 2024 earnings at ($0.04) EPS and FY2025 earnings at ($0.14) EPS.

Separately, Maxim Group began coverage on reAlpha Tech in a report on Friday, October 25th. They issued a “buy” rating and a $3.00 price objective for the company.

reAlpha Tech Stock Performance

AIRE stock opened at $2.89 on Wednesday. The company has a fifty day moving average price of $1.26 and a 200-day moving average price of $1.27. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.08. reAlpha Tech has a 52-week low of $0.53 and a 52-week high of $4.49.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). reAlpha Tech had a negative net margin of 2,035.17% and a negative return on equity of 45.22%. The business had revenue of $0.34 million during the quarter.

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.