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

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

Analyst Ratings Changes

Separately, BTIG Research initiated coverage on shares of AirSculpt Technologies in a research note on Thursday, October 17th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.50.

AirSculpt Technologies Price Performance

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

AirSculpt Technologies (NASDAQ:AIRS) last announced its earnings results on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.07). The firm had revenue of $51.00 million during 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 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AirSculpt Technologies

Several institutional investors and hedge funds have recently made changes to their positions in AIRS. Vanguard Group Inc. lifted its stake in shares of AirSculpt Technologies by 1.0% during the first quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock worth $3,537,000 after buying an additional 5,606 shares during the period. FourWorld Capital Management LLC acquired a new stake in shares of AirSculpt Technologies during the first quarter worth $557,000. Finally, SW Investment Management LLC lifted its stake in shares of AirSculpt Technologies by 5.0% during the second quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock worth $18,000,000 after buying an additional 213,677 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

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.