Brokers Offer Predictions for reAlpha Tech FY2024 Earnings

reAlpha Tech Corp. (NASDAQ:AIRE) – Equities researchers at Zacks Small Cap issued their FY2024 EPS estimates for shares of reAlpha Tech in a research note issued to investors on Monday, December 30th. Zacks Small Cap analyst M. Marin forecasts that the company will post earnings of ($0.16) per share 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 initiated coverage on reAlpha Tech in a research report on Friday, October 25th. They set a “buy” rating and a $3.00 target price on the stock.

reAlpha Tech Price Performance

AIRE stock opened at $2.89 on Wednesday. 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 fifty-two week low of $0.53 and a fifty-two week high of $4.49. The stock’s 50 day simple moving average is $1.26 and its 200 day simple moving average is $1.27.

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

reAlpha Tech Company Profile

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.