AirSculpt Technologies, Inc. (NASDAQ:AIRS – Get Free Report) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 1,820,000 shares, a growth of 15.2% from the October 31st total of 1,580,000 shares. Based on an average daily trading volume, of 143,600 shares, the short-interest ratio is presently 12.7 days. Currently, 14.9% of the shares of the company are sold short.
AirSculpt Technologies Trading Up 2.9 %
AirSculpt Technologies stock opened at $6.83 on Monday. The stock has a market cap of $395.32 million, a P/E ratio of -48.79 and a beta of 1.57. AirSculpt Technologies has a fifty-two week low of $2.92 and a fifty-two week high of $9.20. The firm’s fifty day moving average price is $6.10 and its 200-day moving average price is $4.85. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.51 and a current ratio of 0.51.
AirSculpt Technologies (NASDAQ:AIRS – Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The business had revenue of $42.55 million during the quarter, compared to analysts’ expectations of $42.49 million. AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. During the same period in the previous year, the business earned ($0.01) EPS. Equities research analysts forecast that AirSculpt Technologies will post 0.08 earnings per share for the current fiscal year.
Insider Activity at AirSculpt Technologies
Hedge Funds Weigh In On AirSculpt Technologies
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC raised its position in shares of AirSculpt Technologies by 227.0% during the 3rd quarter. Barclays PLC now owns 19,100 shares of the company’s stock valued at $97,000 after buying an additional 13,259 shares in the last quarter. Geode Capital Management LLC raised its position in AirSculpt Technologies by 6.4% during the third quarter. Geode Capital Management LLC now owns 355,540 shares of the company’s stock valued at $1,803,000 after purchasing an additional 21,339 shares in the last quarter. SW Investment Management LLC lifted its stake in 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 purchasing an additional 213,677 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of AirSculpt Technologies by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 576,038 shares of the company’s stock worth $3,537,000 after purchasing an additional 5,606 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, BTIG Research started coverage on shares of AirSculpt Technologies in a research report on Thursday, October 17th. They issued a “neutral” rating for the company.
Get Our Latest Stock Report on AIRS
About AirSculpt Technologies
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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