During the last session, Beyond Air Inc (NASDAQ:XAIR)’s traded shares were 0.42 million, with the beta value of the company hitting -0.02. The 52-week high for the XAIR share is $3.90, that puts it down -828.57 from that peak though still a striking 2.38% gain since the share price plummeted to a 52-week low of $0.41. The company’s market capitalization is $19.64M, and the average intraday trading volume over the past 10 days was 0.42 million shares, and the average trade volume was 816.68K shares over the past three months.
Beyond Air Inc (XAIR) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.50. XAIR has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.28.
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Beyond Air Inc (NASDAQ:XAIR) trade information
Beyond Air Inc (XAIR) registered a 0.50% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.50% in intraday trading to $0.42, hitting a weekly high. The stock’s 5-day price performance is -20.66%, and it has moved by -29.41% in 30 days. Based on these gigs, the overall price performance for the year is -88.45%. The short interest in Beyond Air Inc (NASDAQ:XAIR) is 1.06 million shares and it means that shorts have 0.57 day(s) to cover.
The consensus price target of analysts on Wall Street is $1, which implies an increase of 58.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $1 respectively. As a result, XAIR is trading at a discount of -138.1% off the target high and -138.1% off the low.
Beyond Air Inc (XAIR) estimates and forecasts
Statistics show that Beyond Air Inc has outperformed its competitors in share price, compared to the industry in which it operates. Beyond Air Inc (XAIR) shares have gone down -75.74% during the last six months, with a year-to-date growth rate more than the industry average at 43.96% against 16.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 45.10% this quarter and then jump 46.00% in the quarter after that. In the rating firms’ projections, revenue will increase 680.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.22M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 2.4M by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -18.68%. While earnings are projected to return 44.37% in 2024.
XAIR Dividends
Beyond Air Inc is due to release its next quarterly earnings 2024-Nov-11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Beyond Air Inc (NASDAQ:XAIR)’s Major holders
Beyond Air Inc insiders own 18.44% of total outstanding shares while institutional holders control 35.36%, with the float percentage being 43.35%. AIGH CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 92.0 institutions own stock in it. As of 2024-03-31, the company held over 3.71 million shares (or 11.4423% of all shares), a total value of $6.46 million in shares.
The next largest institutional holding, with 1.81 million shares, is of BLACKROCK INC.’s that is approximately 5.5671% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $3.14 million.
Also, the Mutual Funds coming in first place with the largest holdings of Beyond Air Inc (XAIR) shares are Vanguard Total Stock Market Index Fund and Deutsche DWS Investment Tr-DWS Small Cap Core Fd . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 813.83 shares. This amounts to just over 1.75 percent of the company’s overall shares, with a $0.34 million market value. The same data shows that the other fund manager holds slightly less at 400.0, or about 0.86% of the stock, which is worth about $0.17 million.
