Stock of AirSculpt Technologies Inc. (AIRS) performance and profitability takes another direction

AirSculpt Technologies Inc. [AIRS] stock is trading at $6.70, up 7.20%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AIRS shares have gain 21.60% over the last week, with a monthly amount glided 80.59%, and seem to be holding up well over a long-time horizon.

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On 6, January 2023, AirSculpt Technologies, Inc. Announces Executive Leadership Changes & Reiterates 2022 Revenue Guidance. In a post published today on Yahoo Finance, Todd Magazine Appointed CEO & Dr. Aaron Rollins Named Executive Chairman.

From an analyst’s perspective:

AirSculpt Technologies Inc. [NASDAQ: AIRS] stock has seen the most recent analyst activity on November 11, 2022, when Piper Sandler downgraded its rating to a Neutral but kept the price target unchanged to $4 for it. Previously, Morgan Stanley downgraded its rating to Equal-Weight on June 16, 2022, and dropped its price target to $8.50. On November 23, 2021, SVB Leerink initiated with a Outperform rating and assigned a price target of $26 on the stock. Raymond James started tracking the stock assigning a Outperform rating and suggested a price target of $18 on November 23, 2021. Piper Sandler initiated its recommendation with a Overweight and recommended $22 as its price target on November 23, 2021. Morgan Stanley started tracking with a Overweight rating for this stock on November 23, 2021, and assigned it a price target of $17.

AirSculpt Technologies Inc. [AIRS] stock has fluctuated between $2.69 and $14.80 over the past year. Currently, Wall Street analysts expect the stock to reach $7.00 within the next 12 months. AirSculpt Technologies Inc. [NASDAQ: AIRS] shares were valued at $6.70 at the most recent close of the market. An investor can expect a potential return of 4.48% based on the average AIRS price forecast.

Analyzing the AIRS fundamentals

AirSculpt Technologies Inc. [NASDAQ:AIRS] reported sales of 38.89 billion for the most recent quarter, which represents a growth of 12.10%. Gross Margin for this corporation currently stands at +61.64% with Operating Margin at +23.02%, Pretax Margin comes in at +8.16%, and Net Margin reading is -0.29%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.42 points at the first support level, and at 6.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.86, and for the 2nd resistance point, it is at 7.01.

AirSculpt Technologies Inc. [AIRS] reported earnings per share of $0.01 for its fiscal quarter that ended on 6/29/2022. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.01 per share as compared to estimates of $0.04 per share, a difference of -$0.05 representing a surprise of -125.00%.

Ratios To Look Out For

For context, AirSculpt Technologies Inc.’s Current Ratio is 0.70. Further, the Quick Ratio stands at 1.79, while the Cash Ratio is 1.54. Considering the valuation of this stock, the price to sales ratio is 7.17, the price to book ratio is 11.45.

Transactions by insiders

Insider trading, which has resulted in 5 insider purchases of 246,000 shares and 0 insider sales of 0 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Aaron Thomas J, Director, that happened on Nov 16 when 18000.0 shares were purchased. Director, Higgins Kenneth completed a deal on Nov 15 to buy 15000.0 shares. Meanwhile, Chief Financial Officer Dean Dennis bought 33000.0 shares on Nov 15.