AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report)'s share price dropped 1% during mid-day trading on Wednesday . The stock traded as low as $6.04 and last traded at $6.14. Approximately 503,709 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 579,518 shares. The stock had previously closed at $6.20.
AirSculpt Technologies Price Performance
The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.90. The firm's fifty day moving average price is $5.22 and its two-hundred day moving average price is $4.11. The stock has a market capitalization of $347.39 million, a PE ratio of -23.64 and a beta of 2.50.
AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The firm had revenue of $44.01 million during the quarter, compared to analysts' expectations of $45.59 million. AirSculpt Technologies had a negative net margin of 9.95% and a negative return on equity of 15.01%. During the same period in the previous year, the company earned $0.09 earnings per share. On average, equities analysts predict that AirSculpt Technologies, Inc. will post -0.01 earnings per share for the current year.
Institutional Investors Weigh In On AirSculpt Technologies
A number of hedge funds have recently bought and sold shares of AIRS. JPMorgan Chase & Co. raised its stake in AirSculpt Technologies by 658.3% during the fourth quarter. JPMorgan Chase & Co. now owns 45,803 shares of the company's stock valued at $238,000 after purchasing an additional 39,763 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of AirSculpt Technologies by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 357,885 shares of the company's stock valued at $1,858,000 after acquiring an additional 2,345 shares during the period. Wells Fargo & Company MN raised its stake in shares of AirSculpt Technologies by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 6,195 shares of the company's stock valued at $32,000 after acquiring an additional 2,112 shares during the period. Barclays PLC raised its stake in shares of AirSculpt Technologies by 9.9% in the fourth quarter. Barclays PLC now owns 20,991 shares of the company's stock valued at $109,000 after acquiring an additional 1,891 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of AirSculpt Technologies in the fourth quarter valued at $138,000. Hedge funds and other institutional investors own 91.54% of the company's stock.
AirSculpt Technologies Company Profile
(
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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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