BETA Technologies (NYSE:BETA) Stock Price Down 4.8% - Here's Why

Key Points

• BETA Technologies shares fell 4.8% to about $22.71 in Tuesday trading, on volume roughly 73% below the average daily level.
• The company reported a quarterly loss of $0.64 per share, missing estimates by $0.08, while generating $14.66 million in revenue and maintaining sharply negative profitability.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $31.11, although insiders have sold nearly $6.55 million of stock over the past 90 days.

BETA Technologies Inc (NYSE:BETA - Get Free Report) shares fell 4.8% during trading on Tuesday . The company traded as low as $22.74 and last traded at $22.7050. Approximately 412,940 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 1,534,864 shares. The stock had previously closed at $23.84.

Analyst Ratings Changes

Several research firms recently commented on BETA. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $31.00 target price on shares of BETA Technologies in a report on Thursday, August 13th. BTIG Research restated a "buy" rating and issued a $33.00 price objective on shares of BETA Technologies in a research report on Thursday, August 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $34.00 price objective on shares of BETA Technologies in a research note on Wednesday, August 12th. Citigroup reaffirmed a "buy" rating on shares of BETA Technologies in a report on Thursday, August 13th. Finally, Weiss Ratings cut shares of BETA Technologies from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, August 18th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $31.11.

BETA Technologies Stock Down 6.2%

The company has a market cap of $5.04 billion and a price-to-earnings ratio of -1.72. The business has a fifty day moving average of $19.55 and a two-hundred day moving average of $17.93. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.11.

BETA Technologies (NYSE:BETA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.08). The business had revenue of $14.66 million during the quarter. BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. As a group, equities analysts anticipate that BETA Technologies Inc will post -2.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other BETA Technologies news, insider Kyle Clark sold 30,000 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $25.42, for a total transaction of $762,600.00. Following the transaction, the insider directly owned 5,396,941 shares of the company's stock, valued at $137,190,240.22. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 298,901 shares of company stock worth $6,546,418 in the last ninety days. Corporate insiders own 24.47% of the company's stock.

Institutional Investors Weigh In On BETA Technologies

Several institutional investors have recently bought and sold shares of BETA. General Electric Co acquired a new stake in shares of BETA Technologies in the fourth quarter valued at approximately $644,962,000. Vanguard Group Inc. acquired a new position in BETA Technologies during the fourth quarter worth $77,089,000. Bank of New York Mellon Corp purchased a new stake in BETA Technologies in the 1st quarter valued at $1,162,000. Masters Capital Management LLC purchased a new stake in BETA Technologies in the 1st quarter valued at $10,290,000. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of BETA Technologies in the 4th quarter worth $10,896,000.

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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