BETA Technologies (NYSE:BETA) Sets New 52-Week Low – Should You Sell?

BETA Technologies Inc (NYSE:BETA) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $21.76 and last traded at $21.87, with a volume of 175781 shares. The stock had previously closed at $23.19.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BETA. Jefferies Financial Group assumed coverage on shares of BETA Technologies in a research note on Sunday, November 30th. They issued a “hold” rating and a $30.00 price target on the stock. BTIG Research initiated coverage on BETA Technologies in a report on Monday, December 1st. They set a “buy” rating and a $40.00 target price on the stock. Wall Street Zen upgraded BETA Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Citigroup began coverage on BETA Technologies in a research report on Monday, December 1st. They set a “buy” rating and a $41.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on BETA Technologies in a research note on Monday, December 1st. They set an “overweight” rating and a $34.00 price objective on the stock. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.13.

BETA Technologies Stock Performance

The firm has a market capitalization of $5.02 billion and a PE ratio of -2.32. The business has a fifty day simple moving average of $28.06.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Green Alpha Advisors LLC bought a new stake in shares of BETA Technologies during the fourth quarter valued at about $603,000. SG Americas Securities LLC bought a new stake in shares of BETA Technologies during the 4th quarter worth about $1,386,000. Wolff Wiese Magana LLC bought a new position in shares of BETA Technologies in the fourth quarter valued at approximately $42,000. Stratos Wealth Partners LTD. bought a new position in shares of BETA Technologies in the fourth quarter valued at approximately $360,000. Finally, Capricorn Fund Managers Ltd bought a new stake in BETA Technologies during the fourth quarter worth approximately $564,000.

About BETA Technologies

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.