AirSculpt Technologies (NASDAQ:AIRS) Announces Quarterly Earnings Results

AirSculpt Technologies (NASDAQ:AIRS) posted its quarterly earnings data on Friday. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05), RTT News reports. The firm had revenue of $42.55 million for the quarter, compared to analysts’ expectations of $42.49 million. AirSculpt Technologies had a positive return on equity of 6.42% and a negative net margin of 1.77%. During the same period in the previous year, the firm earned ($0.01) earnings per share.

AirSculpt Technologies Stock Down 4.0 %

NASDAQ:AIRS traded down $0.35 during mid-day trading on Monday, reaching $8.33. The company’s stock had a trading volume of 305,160 shares, compared to its average volume of 133,918. AirSculpt Technologies has a 1 year low of $2.92 and a 1 year high of $9.20. The stock has a fifty day moving average of $5.24 and a 200-day moving average of $4.68. The firm has a market capitalization of $479.72 million, a PE ratio of -59.50 and a beta of 1.57. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.79.

Analyst Ratings Changes

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

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.