BETA Technologies (NYSE:BETA) Sets New 12-Month Low - Here's Why

Key Points

• BETA hit a new 52-week low — shares traded as low as $21.76 (last $21.87) on volume ~175,781, with a market cap of $5.02 billion and a negative P/E of -2.32; the 50‑day moving average is $28.06.
• Analysts remain broadly bullish despite the decline: seven Buys and two Holds produce a "Moderate Buy" consensus and a consensus price target of $38.13, with individual targets up to $47.
• Recent results and backing: BETA reported a large quarterly loss (EPS $(9.83)) but revenue of $8.92M beat estimates, and institutional investors (notably Vanguard with ~ $77M) have established new stakes in the eVTOL aerospace company.

BETA Technologies Inc (NYSE:BETA - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $21.76 and last traded at $21.87, with a volume of 175781 shares traded. The stock had previously closed at $23.19.

Analyst Ratings Changes

A number of research firms recently commented on BETA. Needham & Company LLC reissued a "buy" rating and issued a $34.00 price target on shares of BETA Technologies in a report on Thursday, January 15th. Zacks Research raised shares of BETA Technologies to a "hold" rating in a report on Tuesday, December 2nd. BTIG Research assumed coverage on shares of BETA Technologies in a research report on Monday, December 1st. They set a "buy" rating and a $40.00 target price for the company. Morgan Stanley assumed coverage on shares of BETA Technologies in a report on Monday, December 1st. They issued an "overweight" rating and a $34.00 price target on the stock. Finally, The Goldman Sachs Group started coverage on shares of BETA Technologies in a research note on Monday, December 1st. They issued a "buy" rating and a $47.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $38.13.

BETA Technologies Price Performance

The business has a 50-day moving average price of $28.06. The company has a market capitalization of $5.02 billion and a P/E ratio of -2.32.

BETA Technologies (NYSE:BETA - Get Free Report) last issued its earnings results on Thursday, December 4th. The company reported ($9.83) EPS for the quarter. The firm had revenue of $8.92 million during the quarter, compared to analysts' expectations of $7.50 million.

Hedge Funds Weigh In On BETA Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BETA. Vanguard Group Inc. acquired a new stake in shares of BETA Technologies in the fourth quarter valued at about $77,089,000. Liberty Street Advisors Inc. purchased a new position in shares of BETA Technologies in the fourth quarter valued at approximately $28,187,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of BETA Technologies in the fourth quarter worth approximately $6,349,000. SG Americas Securities LLC purchased a new stake in shares of BETA Technologies during the fourth quarter worth approximately $1,386,000. Finally, Green Alpha Advisors LLC acquired a new position in BETA Technologies in the 4th quarter valued at $603,000.

About BETA Technologies

BETA Technologies is an American aerospace company that develops electric vertical takeoff and landing (eVTOL) aircraft and supporting infrastructure. The company focuses on designing aircraft and propulsion systems intended for short-range cargo, logistics and regional passenger movement, emphasizing electric propulsion, battery systems and integrated charging solutions to support distributed operations.

Its product and service set includes aircraft design and development, electric motor and battery integration, charging hardware and software, and flight testing aimed at meeting certification requirements.

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