BETA Technologies (NYSE:BETA) Reaches New 1-Year Low – Time to Sell?

Shares of BETA Technologies Inc (NYSE:BETA) reached a new 52-week low on Wednesday . The company traded as low as $18.24 and last traded at $19.11, with a volume of 1806624 shares trading hands. The stock had previously closed at $19.93.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BETA. Cantor Fitzgerald began coverage on shares of BETA Technologies in a report on Monday, December 1st. They issued an “overweight” rating and a $42.00 target price for the company. Weiss Ratings began coverage on shares of BETA Technologies in a research note on Friday. They issued a “sell (d-)” rating for the company. Bank of America boosted their target price on BETA Technologies from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Zacks Research upgraded BETA Technologies to a “hold” rating in a report on Tuesday, December 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $34.00 price target on shares of BETA Technologies in a research note on Thursday, January 15th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BETA Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $38.13.

BETA Technologies Stock Performance

The company has a market cap of $4.21 billion and a P/E ratio of -1.94. The business’s fifty day moving average price is $27.72.

BETA Technologies (NYSE:BETA) last issued its earnings results on Thursday, December 4th. The company reported ($9.83) EPS for the quarter. The firm had revenue of $8.92 million for the quarter, compared to analyst estimates of $7.50 million.

Institutional Investors Weigh In On BETA Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of BETA Technologies in the 4th quarter worth $1,386,000. Pictet Asset Management Holding SA purchased a new position in shares of BETA Technologies during the fourth quarter valued at $10,896,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of BETA Technologies in the fourth quarter valued at about $478,000. Renaissance Capital LLC purchased a new stake in BETA Technologies in the fourth quarter worth about $450,000. Finally, UBS Group AG purchased a new stake in BETA Technologies in the fourth quarter worth about $5,357,000.

BETA Technologies Company Profile

BETA Technologies is an American aerospace company that develops electric vertical takeoff and landing (eVTOL) aircraft and supporting infrastructure. The company focuses on designing aircraft and propulsion systems intended for short-range cargo, logistics and regional passenger movement, emphasizing electric propulsion, battery systems and integrated charging solutions to support distributed operations.

Its product and service set includes aircraft design and development, electric motor and battery integration, charging hardware and software, and flight testing aimed at meeting certification requirements.