The stock price of reAlpha Tech Corp. (NASDAQ: AIRE) has plunged by -14.70 when compared to previous closing price of 0.70, but the company has seen a -29.41% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-13 that ReAlpha Tech (NASDAQ: AIRE ) stock is falling on Wednesday after the real estate technology company released its latest earnings report. First off, investors will note that this report covers a period starting on May 1, 2023 and lasting through Dec. 31, 2023.
Is It Worth Investing in reAlpha Tech Corp. (NASDAQ: AIRE) Right Now?
The public float for AIRE is 10.60M, and currently, shorts hold a 4.85% of that float. The average trading volume for AIRE on April 23, 2024 was 1.13M shares.
AIRE’s Market Performance
AIRE stock saw a decrease of -29.41% in the past week, with a monthly decline of -51.89% and a quarterly a decrease of -53.02%. The volatility ratio for the week is 15.19%, and the volatility levels for the last 30 days are 10.85% for reAlpha Tech Corp. (AIRE). The simple moving average for the past 20 days is -43.68% for AIRE’s stock, with a -92.45% simple moving average for the past 200 days.
AIRE Trading at -53.07% from the 50-Day Moving Average
After a stumble in the market that brought AIRE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.90% of loss for the given period.
Volatility was left at 10.85%, however, over the last 30 days, the volatility rate increased by 15.19%, as shares sank -51.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -56.20% lower at present.
During the last 5 trading sessions, AIRE fell by -29.58%, in comparison to the 20-day moving average, which settled at $1.0357. In addition, reAlpha Tech Corp. saw -69.78% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for AIRE
Current profitability levels for the company are sitting at:
- -18.5 for the present operating margin
- 0.41 for the gross margin
The net margin for reAlpha Tech Corp. stands at -7.05. The total capital return value is set at -0.61.
Based on reAlpha Tech Corp. (AIRE), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -17.19. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -55.74.
Currently, EBITDA for the company is -5.12 million with net debt to EBITDA at 0.04. When we switch over and look at the enterprise to sales, we see a ratio of 56.84. The receivables turnover for the company is 22.77for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.30.
Conclusion
In conclusion, reAlpha Tech Corp. (AIRE) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
