reAlpha Tech (NASDAQ:AIRE) Shares Down 4.5% – Time to Sell?

reAlpha Tech Corp. (NASDAQ:AIRE) traded down 4.5% during mid-day trading on Friday . The company traded as low as $1.50 and last traded at $1.50. Approximately 41,082 shares were traded during trading, a decline of 84% from the average daily volume of 251,065 shares. The stock had previously closed at $1.57.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of reAlpha Tech in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, reAlpha Tech has an average rating of “Hold” and an average target price of $50.00.

reAlpha Tech Price Performance

The stock’s 50-day moving average price is $1.59 and its 200-day moving average price is $3.82. The company has a market cap of $8.83 million, a P/E ratio of -0.45 and a beta of -2.64.

reAlpha Tech (NASDAQ:AIRE) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.57) EPS for the quarter, topping analysts’ consensus estimates of ($0.75) by $0.18. The business had revenue of $1.11 million for the quarter, compared to analyst estimates of $3.10 million. reAlpha Tech had a negative net margin of 419.95% and a negative return on equity of 198.91%.

Institutional Investors Weigh In On reAlpha Tech

Several institutional investors have recently made changes to their positions in AIRE. BlackRock Inc. acquired a new stake in reAlpha Tech during the second quarter worth approximately $78,000. Virtu Financial LLC raised its holdings in reAlpha Tech by 56.1% in the 4th quarter. Virtu Financial LLC now owns 178,189 shares of the company’s stock valued at $74,000 after acquiring an additional 64,039 shares in the last quarter. State Street Corp raised its holdings in reAlpha Tech by 49.9% in the 4th quarter. State Street Corp now owns 242,650 shares of the company’s stock valued at $101,000 after acquiring an additional 80,800 shares in the last quarter. Scientech Research LLC bought a new stake in shares of reAlpha Tech during the 3rd quarter valued at $87,000. Finally, Geode Capital Management LLC lifted its position in shares of reAlpha Tech by 120.4% during the 4th quarter. Geode Capital Management LLC now owns 941,337 shares of the company’s stock valued at $393,000 after acquiring an additional 514,306 shares during the period. 1.02% of the stock is currently owned by institutional investors.

About reAlpha Tech

reAlpha Tech (NASDAQ: AIRE) is a real estate technology company specializing in the acquisition, renovation, and management of single-family rental properties across the United States. The company leverages proprietary data analytics and machine-learning models to identify undervalued houses in high-potential neighborhoods. Once acquired, these properties undergo a standardized renovation process designed to maximize rental value and minimize maintenance expenses, after which they are added to reAlpha’s rental portfolio.

In addition to direct property ownership, reAlpha Tech offers a subscription-based investment platform that enables accredited and non-accredited investors to participate in fractional ownership of residential real estate assets.