Rain Enhancement Technologies Holdco (NASDAQ:RAIN) Announces Quarterly Earnings Results

Rain Enhancement Technologies Holdco (NASDAQ:RAIN) issued its quarterly earnings data on Friday. The company reported ($0.24) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $0.01 million during the quarter.

Rain Enhancement Technologies Holdco Price Performance

Shares of RAIN stock traded up $0.01 on Friday, reaching $1.74. 22,957 shares of the stock were exchanged, compared to its average volume of 21,068. The stock has a market cap of $14.25 million, a PE ratio of -1.44 and a beta of -0.30. Rain Enhancement Technologies Holdco has a one year low of $1.26 and a one year high of $8.52. The stock has a 50 day moving average price of $2.50 and a 200 day moving average price of $3.78.

Institutional Investors Weigh In On Rain Enhancement Technologies Holdco

A number of institutional investors have recently made changes to their positions in RAIN. Bank of America Corp DE grew its stake in shares of Rain Enhancement Technologies Holdco by 38,985.0% during the third quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock worth $43,000 after purchasing an additional 7,797 shares during the period. Clear Street Group Inc. acquired a new stake in shares of Rain Enhancement Technologies Holdco during the third quarter worth $53,000. Quarry LP acquired a new stake in shares of Rain Enhancement Technologies Holdco during the fourth quarter worth $88,000. Geode Capital Management LLC grew its stake in shares of Rain Enhancement Technologies Holdco by 29.2% during the fourth quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock worth $127,000 after purchasing an additional 4,896 shares during the period. Finally, Knott David M Jr acquired a new stake in shares of Rain Enhancement Technologies Holdco during the first quarter worth $258,000. 25.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Rain Enhancement Technologies Holdco from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rain Enhancement Technologies Holdco currently has an average rating of “Sell”.

Rain Enhancement Technologies Holdco Company Profile

As of January 26, 2024, operates as a subsidiary of Pathos AI, Inc