Rain Enhancement Technologies Holdco (NASDAQ:RAIN – Get Free Report) posted its quarterly earnings results on Friday. The company reported ($0.40) earnings per share (EPS) for the quarter, Zacks reports.
Rain Enhancement Technologies Holdco Trading Down 5.2%
Shares of RAIN opened at $0.92 on Friday. The firm has a market capitalization of $7.53 million, a price-to-earnings ratio of -0.61 and a beta of -0.22. The firm’s fifty day simple moving average is $1.72 and its 200-day simple moving average is $2.20. Rain Enhancement Technologies Holdco has a twelve month low of $0.89 and a twelve month high of $8.52.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Rain Enhancement Technologies Holdco from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rain Enhancement Technologies Holdco presently has an average rating of “Sell”.
Hedge Funds Weigh In On Rain Enhancement Technologies Holdco
Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in Rain Enhancement Technologies Holdco by 29.2% in the fourth quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock valued at $127,000 after buying an additional 4,896 shares in the last quarter. Quarry LP acquired a new position in shares of Rain Enhancement Technologies Holdco during the 4th quarter worth about $88,000. Finally, Bank of America Corp DE boosted its position in shares of Rain Enhancement Technologies Holdco by 38,985.0% during the 3rd quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock worth $43,000 after acquiring an additional 7,797 shares in the last quarter. Hedge funds and other institutional investors own 25.79% of the company’s stock.
About Rain Enhancement Technologies Holdco
As of January 26, 2024, operates as a subsidiary of Pathos AI, Inc
Read More
- Five stocks we like better than Rain Enhancement Technologies Holdco
- AMG’s Alternatives Boom Powers Record Growth
- Microsoft’s Maia 300 Chip Targets NVIDIA’s AI Dominance
- 3 Unexpected ETFs Crushing the Market This Summer
- Is Best Buy the AI Winner Hiding in the Electronics Aisle?
Receive News & Ratings for Rain Enhancement Technologies Holdco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rain Enhancement Technologies Holdco and related companies with MarketBeat.com's FREE daily email newsletter.
