AirSculpt Technologies (NASDAQ:AIRS) Reaches New 52-Week High – Here’s What Happened

AirSculpt Technologies, Inc. (NASDAQ:AIRS) shares reached a new 52-week high on Tuesday . The company traded as high as $12.00 and last traded at $11.65, with a volume of 844712 shares changing hands. The stock had previously closed at $11.39.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of AirSculpt Technologies in a research note on Tuesday, October 14th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $3.75.

AirSculpt Technologies Trading Up 2.3%

The business’s fifty day moving average is $7.60 and its 200-day moving average is $5.55. The firm has a market cap of $727.43 million, a P/E ratio of -46.60 and a beta of 2.53. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.64 and a current ratio of 0.64.

AirSculpt Technologies (NASDAQ:AIRS) last issued its quarterly earnings data on Tuesday, July 11th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $39.54 million during the quarter. AirSculpt Technologies had a negative net margin of 8.79% and a negative return on equity of 15.63%. Analysts predict that AirSculpt Technologies, Inc. will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AIRS. Creative Planning grew its position in shares of AirSculpt Technologies by 32.2% during the 2nd quarter. Creative Planning now owns 13,225 shares of the company’s stock worth $64,000 after buying an additional 3,224 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of AirSculpt Technologies during the 2nd quarter worth approximately $50,000. Kapitalo Investimentos Ltda acquired a new stake in shares of AirSculpt Technologies during the 2nd quarter worth approximately $51,000. Jane Street Group LLC acquired a new stake in shares of AirSculpt Technologies during the 2nd quarter worth approximately $60,000. Finally, American Century Companies Inc. acquired a new stake in shares of AirSculpt Technologies during the 1st quarter worth approximately $32,000. Institutional investors own 91.54% of the company’s stock.

AirSculpt Technologies Company Profile

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.