AirSculpt Technologies (NASDAQ:AIRS) Shares Up 1.7% – Here’s What Happened

AirSculpt Technologies, Inc. (NASDAQ:AIRS)’s share price was up 1.7% during mid-day trading on Wednesday . The stock traded as high as $3.06 and last traded at $3.02. Approximately 652,756 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 1,176,570 shares. The stock had previously closed at $2.97.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AirSculpt Technologies in a research note on Monday. Leerink Partners reissued a “market perform” rating and issued a $6.00 price target on shares of AirSculpt Technologies in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $5.50.

AirSculpt Technologies Stock Up 1.7%

The company has a debt-to-equity ratio of 0.63, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $188.57 million, a PE ratio of -10.07 and a beta of 2.62. The company has a 50 day moving average price of $7.04 and a 200-day moving average price of $6.24.

AirSculpt Technologies (NASDAQ:AIRS) last released its quarterly earnings results on Friday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). AirSculpt Technologies had a negative net margin of 11.41% and a negative return on equity of 14.30%. The company had revenue of $34.99 million during the quarter, compared to the consensus estimate of $39.80 million. As a group, analysts forecast that AirSculpt Technologies, Inc. will post -0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AirSculpt Technologies

Institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. bought a new stake in AirSculpt Technologies during the 1st quarter valued at approximately $32,000. BNP Paribas Financial Markets lifted its stake in shares of AirSculpt Technologies by 239.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,952 shares of the company’s stock valued at $48,000 after purchasing an additional 4,199 shares during the period. Vanguard Personalized Indexing Management LLC bought a new stake in shares of AirSculpt Technologies during the second quarter valued at approximately $50,000. Kapitalo Investimentos Ltda bought a new stake in shares of AirSculpt Technologies during the second quarter valued at approximately $51,000. Finally, Invesco Ltd. purchased a new stake in AirSculpt Technologies in the first quarter worth $56,000. 91.54% of the stock is owned by institutional investors.

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.