AirSculpt Technologies (NASDAQ:AIRS) Sets New 52-Week High - What's Next?

Key Points

• AirSculpt Technologies reached a new 52-week high of $10.80, closing at $10.33, with a trading volume of 280,595 shares.
• Wall Street analysts have mixed views on the stock, with a consensus rating of "Reduce" and an average target price of $3.75.
• Institutional investors hold 91.54% of AirSculpt's stock, indicating strong institutional interest in the company.

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as $10.80 and last traded at $10.33, with a volume of 280595 shares. The stock had previously closed at $9.81.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of AirSculpt Technologies in a research note on Tuesday, October 14th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $3.75.

AirSculpt Technologies Price Performance

The company has a debt-to-equity ratio of 0.58, a current ratio of 0.64 and a quick ratio of 0.64. The company's 50 day moving average price is $7.24 and its 200 day moving average price is $5.28. The firm has a market capitalization of $651.87 million, a P/E ratio of -41.76 and a beta of 2.53.

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

Institutional Investors Weigh In On AirSculpt Technologies

Hedge funds have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of AirSculpt Technologies during the second quarter worth $50,000. Kapitalo Investimentos Ltda acquired a new stake in shares of AirSculpt Technologies during the second quarter worth $51,000. Jane Street Group LLC acquired a new stake in shares of AirSculpt Technologies during the second quarter worth $60,000. Creative Planning raised its holdings in shares of AirSculpt Technologies by 32.2% during the second quarter. Creative Planning now owns 13,225 shares of the company's stock worth $64,000 after acquiring an additional 3,224 shares during the period. Finally, American Century Companies Inc. acquired a new stake in shares of AirSculpt Technologies during the first quarter worth $32,000. 91.54% of the stock is currently owned by institutional investors and hedge funds.

AirSculpt Technologies Company Profile

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.

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