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AirSculpt Technologies (NASDAQ:AIRS) Hits New 1-Year High - Here's What Happened

AirSculpt Technologies logo with Business Services background

Key Points

  • AirSculpt Technologies' shares reached a new 52-week high of $9.21 during midday trading, closing at $9.11 with over 147,000 shares traded.
  • Despite its recent stock performance, Weiss Ratings has maintained a "sell (d-)" rating, and analysts have set a consensus price target of just $3.75 for the company.
  • AirSculpt reported a negative net margin of 8.79% and is forecasted to post an EPS of -0.01 for the current year, indicating potential challenges ahead.
  • MarketBeat previews the top five stocks to own by November 1st.

Shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $9.21 and last traded at $9.11, with a volume of 147319 shares changing hands. The stock had previously closed at $8.71.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AirSculpt Technologies in a report on Saturday, September 27th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $3.75.

Get Our Latest Stock Analysis on AIRS

AirSculpt Technologies Price Performance

The company's fifty day moving average price is $6.74 and its 200 day moving average price is $4.92. The company has a market capitalization of $564.15 million, a P/E ratio of -36.20 and a beta of 2.53. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.58.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last announced its earnings results on Tuesday, July 11th. The company reported $0.14 EPS for the quarter. The company had revenue of $39.54 million for the quarter. AirSculpt Technologies had a negative net margin of 8.79% and a negative return on equity of 15.63%. As a group, sell-side analysts forecast that AirSculpt Technologies, Inc. will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AIRS. American Century Companies Inc. bought a new position in AirSculpt Technologies in the first quarter valued at approximately $32,000. Vanguard Personalized Indexing Management LLC bought a new position in AirSculpt Technologies in the second quarter valued at approximately $50,000. Kapitalo Investimentos Ltda acquired a new position in shares of AirSculpt Technologies during the second quarter worth $51,000. Invesco Ltd. acquired a new position in shares of AirSculpt Technologies during the first quarter worth $56,000. Finally, Jane Street Group LLC acquired a new position in shares of AirSculpt Technologies during the second quarter worth $60,000. 91.54% of the stock is owned by institutional investors.

About AirSculpt Technologies

(Get Free Report)

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.

See Also

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