BETA Technologies (NYSE:BETA) Shares Down 6.4% – Here’s What Happened

BETA Technologies Inc (NYSE:BETAGet Free Report) was down 6.4% during mid-day trading on Tuesday . The stock traded as low as $27.80 and last traded at $27.80. Approximately 293,229 shares were traded during trading, a decline of 76% from the average daily volume of 1,214,870 shares. The stock had previously closed at $29.69.

Wall Street Analysts Forecast Growth

BETA has been the topic of several research analyst reports. BTIG Research initiated coverage on BETA Technologies in a research note on Monday, December 1st. They set a “buy” rating and a $40.00 price target on the stock. Zacks Research upgraded BETA Technologies to a “hold” rating in a research report on Tuesday, December 2nd. The Goldman Sachs Group began coverage on shares of BETA Technologies in a report on Monday, December 1st. They issued a “buy” rating and a $47.00 price target on the stock. Citigroup began coverage on BETA Technologies in a report on Monday, December 1st. They set a “buy” rating and a $41.00 target price for the company. Finally, Morgan Stanley started 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.13.

View Our Latest Stock Analysis on BETA

BETA Technologies Trading Up 7.0%

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

About BETA Technologies

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BETA Technologies Inc is an electric aerospace company. It involved in designing, manufacturing and selling high-performance electric aircraft, advanced electric propulsion systems, components and charging systems. BETA Technologies Inc is based in SOUTH BURLINGTON.

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