Aether (NASDAQ:ATHR) Releases Earnings Results, Beats Estimates By $0.01 EPS

Aether (NASDAQ:ATHR) announced its quarterly earnings data on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.01, FiscalAI reports. The business had revenue of $0.33 million for the quarter. Aether had a negative net margin of 349.89% and a negative return on equity of 117.64%.

Aether Price Performance

ATHR stock traded down $0.07 during trading hours on Friday, reaching $3.62. The stock had a trading volume of 427 shares, compared to its average volume of 14,526. The stock has a 50-day simple moving average of $3.89 and a 200 day simple moving average of $3.74. The stock has a market capitalization of $43.92 million, a PE ratio of -9.04 and a beta of 6.73. Aether has a fifty-two week low of $1.87 and a fifty-two week high of $10.60.

Institutional Trading of Aether

A hedge fund recently bought a new position in Aether stock. Axiom Investment Management LLC bought a new position in shares of Aether Holdings, Inc. (NASDAQ:ATHR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 33,135 shares of the company’s stock, valued at approximately $78,000. Axiom Investment Management LLC owned approximately 0.27% of Aether as of its most recent filing with the Securities & Exchange Commission.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Aether in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

About Aether

We are an emerging financial technology platform company that offers proprietary research analytics, data and tools for both institutional and retail equity traders through our flagship platform, SentimenTrader.com. By integrating advanced technologies, including artificial intelligence (“AI”) tools, with the critical thinking and analytical abilities of our team of evidenced-based trading veterans, we aim to provide our Users with a powerful combination of technology and expertise, enabling them to make informed decisions to level-up their trading in the markets.