AirSculpt Technologies (NASDAQ:AIRS) Shares Up 1.7% – Should You Buy?

by · The Cerbat Gem

AirSculpt Technologies, Inc. (NASDAQ:AIRS – Get Free Report)’s stock price rose 1.7% during trading on Wednesday . The stock traded as high as $3.06 and last traded at $3.02. Approximately 652,756 shares were traded during 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 Analysts Forecast Growth

AIRS has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AirSculpt Technologies in a report on Monday. Leerink Partners reaffirmed a “market perform” rating and issued a $6.00 price target on shares of AirSculpt Technologies in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $5.50.

Check Out Our Latest Stock Report on AIRS

AirSculpt Technologies Stock Up 1.7%

The stock’s fifty day moving average price is $7.04 and its 200 day moving average price is $6.24. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.63. The stock has a market cap of $188.57 million, a P/E ratio of -10.07 and a beta of 2.62.

AirSculpt Technologies (NASDAQ:AIRS – Get Free Report) last announced its earnings results on Friday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). AirSculpt Technologies had a negative return on equity of 14.30% and a negative net margin of 11.41%.The company had revenue of $34.99 million during the quarter, compared to analysts’ expectations of $39.80 million. As a group, research 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

Large investors have recently modified their holdings of the company. Larson Financial Group LLC grew its position in AirSculpt Technologies by 20.4% during the third quarter. Larson Financial Group LLC now owns 15,137 shares of the company’s stock valued at $121,000 after acquiring an additional 2,561 shares during the last quarter. Wexford Capital LP lifted its holdings in shares of AirSculpt Technologies by 2.6% in the 3rd quarter. Wexford Capital LP now owns 102,614 shares of the company’s stock worth $823,000 after acquiring an additional 2,614 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of AirSculpt Technologies by 16.1% in the 3rd quarter. Rhumbline Advisers now owns 20,782 shares of the company’s stock valued at $167,000 after purchasing an additional 2,876 shares in the last quarter. Creative Planning grew its holdings in shares of AirSculpt Technologies by 32.2% during the 2nd quarter. Creative Planning now owns 13,225 shares of the company’s stock valued at $64,000 after purchasing an additional 3,224 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of AirSculpt Technologies by 239.5% during 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 last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.

About AirSculpt Technologies

(Get Free Report)

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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