Wall Street predicts Airsculpt Technologies Inc (AIRS) stock to drop by -23.16%

Airsculpt Technologies Inc [AIRS] stock prices are up 20.72% to $8.68 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AIRS shares have gain 48.12% over the last week, with a monthly amount glided 64.71%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Leerink Partners downgraded its rating to Market Perform on May 14, 2024, and dropped its price target to $5. On November 11, 2022, downgrade downgraded it’s rating to Neutral but maintained its price target of $4 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $8.50 on June 16, 2022. SVB Leerink initiated its recommendation with a Outperform and recommended $26 as its price target on November 23, 2021. Raymond James started tracking with a Outperform rating for this stock on November 23, 2021, and assigned it a price target of $18. In a note dated November 23, 2021, Piper Sandler initiated an Overweight rating and provided a target price of $22 on this stock.

The stock price of Airsculpt Technologies Inc [AIRS] has been fluctuating between $2.92 and $8.30 over the past year. Currently, Wall Street analysts expect the stock to reach $6.67 within the next 12 months. Airsculpt Technologies Inc [NASDAQ: AIRS] shares were valued at $8.68 at the most recent close of the market. An investor can expect a potential drop of -23.16% based on the average AIRS price forecast.

Analyzing the AIRS fundamentals

The Airsculpt Technologies Inc [NASDAQ:AIRS] reported sales of 188.78M for trailing twelve months, representing a drop of -9.07%. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.09 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.24.

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 7.98 points at the first support level, and at 7.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.13, and for the 2nd resistance point, it is at 9.58.

Ratios To Look Out For

It’s worth pointing out that Airsculpt Technologies Inc [NASDAQ:AIRS]’s Current Ratio is 0.51. As well, the Quick Ratio is 0.51, while the Cash Ratio is 0.24. Considering the valuation of this stock, the price to sales ratio is 3.20, the price to book ratio is 6.08.

Transactions by insiders

Recent insider trading involved Todd Magazine, Former Officer and Director, that happened on Sep 16 ’24 when 76693.0 shares were purchased.

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