AirSculpt Technologies (NASDAQ:AIRS) Sets New 1-Year High – Still a Buy?

AirSculpt Technologies, Inc. (NASDAQ:AIRS) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $8.88 and last traded at $8.70, with a volume of 97967 shares changing hands. The stock had previously closed at $7.19.

Analyst Ratings Changes

Separately, BTIG Research started coverage on shares of AirSculpt Technologies in a research report on Thursday, October 17th. They set a “neutral” rating for the company. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.50.

AirSculpt Technologies Price Performance

The business’s 50-day moving average is $5.24 and its 200-day moving average is $4.69. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.79.

AirSculpt Technologies (NASDAQ:AIRS) last posted its earnings results on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.07). The business had revenue of $51.00 million for the quarter, compared to analyst estimates of $55.50 million. AirSculpt Technologies had a negative net margin of 1.77% and a positive return on equity of 6.42%. On average, equities analysts predict that AirSculpt Technologies, Inc. will post 0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. SW Investment Management LLC raised its position in shares of AirSculpt Technologies by 5.0% in the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock worth $18,000,000 after acquiring an additional 213,677 shares during the period. Vanguard Group Inc. raised its position in shares of AirSculpt Technologies by 1.0% in the first quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock worth $3,537,000 after acquiring an additional 5,606 shares during the period. Finally, FourWorld Capital Management LLC acquired a new position in shares of AirSculpt Technologies in the first quarter worth about $557,000. Institutional investors and hedge funds 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.