BETA Technologies Inc (NYSE:BETA – Get Free Report) Director Michael Robert Stone purchased 17,135 shares of BETA Technologies stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of $14.59 per share, with a total value of $249,999.65. Following the completion of the acquisition, the director directly owned 1,767,049 shares of the company’s stock, valued at approximately $25,781,244.91. This trade represents a 0.98% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
BETA Technologies Stock Up 6.8%
NYSE:BETA traded up $1.02 during trading hours on Thursday, reaching $15.97. The company had a trading volume of 1,441,347 shares, compared to its average volume of 1,467,889. The company has a current ratio of 21.36, a quick ratio of 21.37 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.55 billion and a price-to-earnings ratio of -1.29. The stock has a 50-day moving average price of $16.29. BETA Technologies Inc has a twelve month low of $13.43 and a twelve month high of $39.50.
BETA Technologies (NYSE:BETA – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.53) EPS for the quarter, topping analysts’ consensus estimates of ($0.74) by $0.21. The company had revenue of $10.13 million during the quarter. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts predict that BETA Technologies Inc will post -2.13 earnings per share for the current year.
Analysts Set New Price Targets
View Our Latest Report on BETA
Institutional Investors Weigh In On BETA Technologies
Institutional investors and hedge funds have recently made changes to their positions in the business. Green Alpha Advisors LLC purchased a new position in shares of BETA Technologies during the fourth quarter valued at approximately $603,000. SG Americas Securities LLC purchased a new position in shares of BETA Technologies during the fourth quarter valued at approximately $1,386,000. Wolff Wiese Magana LLC purchased a new position in shares of BETA Technologies during the fourth quarter valued at approximately $42,000. Stratos Wealth Partners LTD. purchased a new position in shares of BETA Technologies during the fourth quarter valued at approximately $360,000. Finally, Capricorn Fund Managers Ltd purchased a new position in shares of BETA Technologies during the fourth quarter valued at approximately $564,000.
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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