Airsculpt Technologies Inc (NASDAQ: AIRS) Must Drop -15.2% To Achieve Consensus Price Target

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Airsculpt Technologies Inc (NASDAQ:AIRS) has a beta value of 1.71 and has seen 0.15 million shares traded in the last trading session. The company, currently valued at $333.68M, closed the last trade at $5.76 per share which meant it lost -$0.24 on the day or -3.92% during that session. The AIRS stock price is -59.72% off its 52-week high price of $9.20 and 49.31% above the 52-week low of $2.92. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.14 million shares traded. The 3-month trading volume is 233.06K shares.

The consensus among analysts is that Airsculpt Technologies Inc (AIRS) is Hold stock at the moment, with a recommendation rating of 2.60. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 3 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.02.

Airsculpt Technologies Inc (NASDAQ:AIRS) trade information

Sporting -3.92% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AIRS stock price touched $5.76 or saw a rise of 6.04%. Year-to-date, Airsculpt Technologies Inc shares have moved 11.08%, while the 5-day performance has seen it change 7.96%. Over the past 30 days, the shares of Airsculpt Technologies Inc (NASDAQ:AIRS) have changed 15.30%. Short interest in the company has seen 2.85 million shares shorted with days to cover at 11.58.

Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could drop -15.2% from current levels. The projected low price target is $4.0 while the price target rests at a high of $11.0. In that case, then, we find that the current price level is -90.97% off the targeted high while a plunge would see the stock lose 30.56% from current levels.

Airsculpt Technologies Inc (AIRS) estimates and forecasts

The company’s shares have gained 53.73% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -8.04%.

1 analysts offering their estimates for the company have set an average revenue estimate of 38.99M for the current quarter. 4 have an estimated revenue figure of 49.71M for the next ending quarter. Year-ago sales stood 47.61M and 47.62M respectively for this quarter and the next, and analysts expect sales will shrink by -18.11% for the current quarter and -8.04% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.66% over the past 5 years. Earnings growth for 2025 is a modest -76.99% while over the next 5 years, the company’s earnings are expected to decrease by -1.51%.

AIRS Dividends

Airsculpt Technologies Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 27.02% of the company shares, while shares held by institutions stand at 74.00% with a share float percentage of 101.41%. Investors are also buoyed by the number of investors in a company, with Airsculpt Technologies Inc having a total of 92.0 institutions that hold shares in the company. The top two institutional holders are VESEY STREET CAPITAL PARTNERS, L.L.C. with over 29.32 million shares worth more than $117.3 million. As of 2024-06-30, VESEY STREET CAPITAL PARTNERS, L.L.C. held 51.0678% of shares outstanding.

The other major institutional holder is SW INVESTMENT MANAGEMENT LLC, with the holding of over 4.5 million shares as of 2024-06-30. The firm’s total holdings are worth over $18.0 million and represent 7.8367% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. As of Nov 30, 2024 , the former fund manager holds about 0.64% shares in the company for having 370.9 shares of worth $2.14 million while later fund manager owns 341.23 shares of worth $1.97 million as of Sep 30, 2024 , which makes it owner of about 0.59% of company’s outstanding stock.