Airsculpt Technologies Inc (NASDAQ:AIRS) At $6.64: Does It Look Expensive?

In last trading session, Airsculpt Technologies Inc (NASDAQ:AIRS) saw 0.37 million shares changing hands with its beta currently measuring 1.63. Company’s recent per share price level of $6.64 trading at $0.08 or 1.14% at ring of the bell on the day assigns it a market valuation of $384.05M. That closing price of AIRS’s stock is at a discount of -38.55% from its 52-week high price of $9.20 and is indicating a premium of 56.02% from its 52-week low price of $2.92. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.27 million shares which gives us an average trading volume of 143.65K if we extend that period to 3-months.

For Airsculpt Technologies Inc (AIRS), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.60. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.03 in the current quarter.

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Airsculpt Technologies Inc (NASDAQ:AIRS) trade information

Upright in the green during last session for gaining 1.14%, in the last five days AIRS remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $6.64 price level, adding 9.54% to its value on the day. Airsculpt Technologies Inc’s shares saw a change of -11.42% in year-to-date performance and have moved 4.49% in past 5-day. Airsculpt Technologies Inc (NASDAQ:AIRS) showed a performance of 7.89% in past 30-days. Number of shares sold short was 1.82 million shares which calculate 9.85 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 5 to the stock, which implies a fall of -32.8% to its current value. Analysts have been projecting 4 as a low price target for the stock while placing it at a high target of 11. It follows that stock’s current price would jump 39.76% in reaching the projected high whereas dropping to the targeted low would mean a gain of 39.76% for stock’s current value.

Airsculpt Technologies Inc (AIRS) estimates and forecasts

Statistics highlight that Airsculpt Technologies Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 60.65% of value to its shares in past 6 months, showing an annual growth rate of -50.00% while that of industry is 18.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -5.20% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 44.53M for the same. And 4 analysts are in estimates of company making revenue of 50.47M in the next quarter. Company posted 47.61M and 47.62M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -18.66% during past 5 years.

Airsculpt Technologies Inc (NASDAQ:AIRS)’s Major holders

Insiders are in possession of 26.62% of company’s total shares while institution are holding 73.27 percent of that, with stock having share float percentage of 99.86%. Investors also watch the number of corporate investors in a company very closely, which is 73.27% institutions for Airsculpt Technologies Inc that are currently holding shares of the company. VESEY STREET CAPITAL PARTNERS, L.L.C. is the top institutional holder at AIRS for having 29.32 million shares of worth $117.3 million. And as of 2024-06-30, it was holding 51.0678 of the company’s outstanding shares.

The second largest institutional holder is SW INVESTMENT MANAGEMENT LLC, which was holding about 4.5 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.8367 of outstanding shares, having a total worth of $18.0 million.