AirSculpt Technologies (NASDAQ:AIRS) Trading Down 3.2% - What's Next?

Key Points

• AirSculpt Technologies shares fell by 3.2%, trading at $6.45 after closing at $6.66, with a significant drop in trading volume of 41% compared to average daily volume.
• The company's quarterly earnings report showed earnings of $0.02 per share, meeting expectations, but revenue of $44.01 million fell short of analyst estimates of $45.59 million.
• Approximately 91.54% of AirSculpt Technologies' stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.

AirSculpt Technologies, Inc. (NASDAQ:AIRS - Get Free Report) shares dropped 3.2% during trading on Monday . The stock traded as low as $6.29 and last traded at $6.45. Approximately 434,367 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 733,809 shares. The stock had previously closed at $6.66.

AirSculpt Technologies Stock Down 0.3%

The firm has a market capitalization of $367.15 million, a PE ratio of -23.52 and a beta of 2.49. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.58. The stock has a 50 day simple moving average of $5.99 and a 200 day simple moving average of $4.29.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $44.01 million for the quarter, compared to the consensus estimate of $45.59 million. AirSculpt Technologies had a negative net margin of 8.79% and a negative return on equity of 15.63%. During the same period in the previous year, the firm earned $0.09 earnings per share. AirSculpt Technologies has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that AirSculpt Technologies, Inc. will post -0.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AIRS. Tower Research Capital LLC TRC raised its position in AirSculpt Technologies by 264.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,395 shares of the company's stock valued at $28,000 after purchasing an additional 3,914 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of AirSculpt Technologies by 51.7% during 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 in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in shares of AirSculpt Technologies during the second quarter valued at approximately $50,000. Kapitalo Investimentos Ltda purchased a new stake in AirSculpt Technologies in the second quarter worth $51,000. Finally, Jane Street Group LLC bought a new stake in AirSculpt Technologies in the second quarter valued at $60,000. Hedge funds and other institutional investors own 91.54% of the company's stock.

About AirSculpt Technologies

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.