AirSculpt Technologies (NASDAQ:AIRS) Announces Earnings Results

AirSculpt Technologies (NASDAQ:AIRS) announced its quarterly earnings data on Friday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05), RTT News reports. AirSculpt Technologies had a negative net margin of 4.13% and a positive return on equity of 2.22%. The company had revenue of $39.18 million during the quarter, compared to analysts’ expectations of $38.99 million. During the same quarter in the previous year, the business posted $0.01 EPS.

AirSculpt Technologies Stock Down 0.7 %

AIRS traded down $0.02 on Friday, reaching $2.92. The company’s stock had a trading volume of 628,770 shares, compared to its average volume of 122,862. AirSculpt Technologies has a 1 year low of $2.10 and a 1 year high of $9.20. The business’s 50 day moving average is $4.99 and its 200 day moving average is $5.42. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market cap of $169.02 million, a price-to-earnings ratio of -21.18 and a beta of 1.69.

Wall Street Analyst Weigh In

Separately, Piper Sandler cut their price target on AirSculpt Technologies from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Friday, January 17th. Five analysts have rated the stock with a hold rating, According to MarketBeat, AirSculpt Technologies currently has a consensus rating of “Hold” and a consensus target price of $5.00.

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.