BETA Technologies Inc (NYSE:BETA – Get Free Report) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $20.76 and traded as high as $24.37. BETA Technologies shares last traded at $23.5770, with a volume of 4,105,645 shares trading hands.
BETA Technologies News Summary
Here are the key news stories impacting BETA Technologies this week:
- Positive Sentiment: Third-quarter revenue reached $17.67 million, up 98.6% year over year, and the per-share loss of $0.51 was narrower than analysts expected. The company described it as its strongest revenue quarter since inception. BETA Technologies Q3 results
- Positive Sentiment: Reports say BETA raised its 2026 revenue outlook and has an aircraft backlog valued at about $4 billion, strengthening the outlook for future sales. BETA Technologies backlog and outlook
- Positive Sentiment: The company is progressing through certification testing and preparing to ramp production. It has also secured an FAA authorization related to market surveys, a milestone that could support commercial readiness. Certification and production update
- Neutral Sentiment: BETA is focusing aircraft sales on cargo and medical uses, rather than seeking to operate an air-taxi service. This defines its commercial strategy, though the scale and timing of resulting sales remain uncertain. BETA’s cargo and medical sales focus
- Negative Sentiment: Despite improving results, BETA still reported a quarterly loss and has not established consistent profitability, leaving execution, production costs, and cash needs as ongoing risks.
Analysts Set New Price Targets
A number of analysts have recently commented on BETA shares. Wall Street Zen upgraded BETA Technologies from a “sell” rating to a “hold” rating in a report on Sunday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $31.00 target price on shares of BETA Technologies in a report on Monday, October 5th. BTIG Research reissued a “buy” rating and set a $33.00 price target on shares of BETA Technologies in a research report on Thursday, August 13th. Barclays initiated coverage on BETA Technologies in a research note on Friday, October 9th. They set an “overweight” rating and a $35.00 price target for the company. Finally, Weiss Ratings upgraded BETA Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, September 14th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.50.
Get Our Latest Stock Analysis on BETA Technologies
BETA Technologies Price Performance
The company’s fifty day moving average is $20.76 and its 200 day moving average is $19.08. The company has a quick ratio of 14.47, a current ratio of 14.47 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.32 billion and a PE ratio of -1.81.
BETA Technologies (NYSE:BETA – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported ($0.51) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.54) by $0.03. BETA Technologies had a negative net margin of 1,913.91% and a negative return on equity of 96.24%. The firm had revenue of $17.67 million for the quarter. During the same period last year, the firm earned ($9.83) earnings per share. The company’s quarterly revenue was up 98.6% on a year-over-year basis. As a group, sell-side analysts anticipate that BETA Technologies Inc will post -2.25 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other BETA Technologies news, Director Michael Stone purchased 13,125 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was purchased at an average cost of $19.19 per share, with a total value of $251,868.75. Following the transaction, the director owned 1,792,994 shares in the company, valued at approximately $34,407,554.86. This trade represents a 0.74% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Kyle Clark sold 30,000 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $25.42, for a total transaction of $762,600.00. Following the sale, the insider directly owned 5,396,941 shares of the company’s stock, valued at approximately $137,190,240.22. This trade represents a 0.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 353,901 shares of company stock worth $8,097,418. Insiders own 24.47% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp purchased a new stake in shares of BETA Technologies in the first quarter worth about $1,162,000. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of BETA Technologies during the 3rd quarter valued at about $2,905,000. Masters Capital Management LLC purchased a new stake in shares of BETA Technologies during the 1st quarter valued at about $10,290,000. Quantinno Capital Management LP purchased a new stake in shares of BETA Technologies during the 1st quarter valued at about $1,115,000. Finally, Corient Private Wealth LP raised its holdings in shares of BETA Technologies by 116.0% during the 2nd quarter. Corient Private Wealth LP now owns 151,118 shares of the company’s stock valued at $2,531,000 after buying an additional 81,150 shares during the period.
About BETA Technologies
BETA Technologies is an aerospace company developing electric aircraft and the infrastructure needed to support electric aviation. Founded in 2017 and headquartered in South Burlington, Vermont, the company focuses on zero-emission aircraft for cargo, logistics, passenger, medical and defense applications.
BETA’s aircraft portfolio includes the ALIA electric vertical takeoff and landing (eVTOL) aircraft and the ALIA CTOL fixed-wing aircraft, which is designed for conventional runway operations.
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