Ispire Technology (ISPR) Projected to Post Quarterly Earnings on Tuesday

Ispire Technology (NASDAQ:ISPR - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Tuesday, February 18th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $43.55 million for the quarter. Investors that are interested in registering for the company's conference call can do so using this link.

Ispire Technology (NASDAQ:ISPR - Get Free Report) last released its earnings results on Friday, February 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.07). Ispire Technology had a negative net margin of 12.80% and a negative return on equity of 58.50%. On average, analysts expect Ispire Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ispire Technology Stock Performance

Shares of NASDAQ:ISPR traded down $0.08 during trading on Tuesday, reaching $4.28. The company had a trading volume of 29,872 shares, compared to its average volume of 52,877. The firm's fifty day moving average is $5.12 and its 200 day moving average is $6.16. The firm has a market capitalization of $242.46 million, a PE ratio of -12.59 and a beta of 2.90. Ispire Technology has a twelve month low of $4.15 and a twelve month high of $12.14.

Ispire Technology announced that its board has authorized a share repurchase program on Wednesday, January 22nd that permits the company to repurchase $10.00 million in shares. This repurchase authorization permits the company to purchase up to 4% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Separately, Roth Capital upgraded Ispire Technology to a "strong-buy" rating in a research report on Friday, November 8th.

About Ispire Technology

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.