Beyond Air Inc (NASDAQ:XAIR)’s traded shares stood at 0.48 million during the latest session, with the company’s beta value hitting -0.09. At the last check today, the stock’s price was $0.40, to imply an increase of 3.40% or $0.01 in intraday trading. The XAIR share’s 52-week high remains $3.32, putting it -730.0% down since that peak but still an impressive 10.0% since price per share fell to its 52-week low of $0.36. The company has a valuation of $18.61M, with an average of 0.17 million shares in intraday trading volume over the past 10 days and average of 829.18K shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Beyond Air Inc (XAIR), translating to a mean rating of 1.40. Of 1 analyst(s) looking at the stock, 0 analyst(s) give XAIR a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.28.
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Beyond Air Inc (NASDAQ:XAIR) trade information
After registering a 3.40% upside in the latest session, Beyond Air Inc (XAIR) has traded red over the past five days. The 5-day price performance for the stock is -8.12%, and 5.28% over 30 days. With these gigs, the year-to-date price performance is -79.59%. Short interest in Beyond Air Inc (NASDAQ:XAIR) saw shorts transact 0.75 million shares and set a 1.68 days time to cover.
The extremes give us $1 and $1 for target low and target high price respectively. As such, XAIR has been trading -150.0% off suggested target high and -150.0% from its likely low.
Beyond Air Inc (XAIR) estimates and forecasts
Looking at statistics comparing Beyond Air Inc share performance against respective industry, we note that the company has outperformed competitors. Beyond Air Inc (XAIR) shares are -75.31% down over the last 6 months, with its year-to-date growth rate higher than industry average at 43.41% against 17.50%. Revenue is forecast to grow 45.10% this quarter before jumping 46.00% for the next one. The rating firms project that company’s revenue will grow 625.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 1.04M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 2.36M.
XAIR Dividends
Beyond Air Inc has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Beyond Air Inc (NASDAQ:XAIR)’s Major holders
Beyond Air Inc insiders hold 19.06% of total outstanding shares, with institutional holders owning 26.00% of the shares at 32.12% float percentage. In total, 26.00% institutions holds shares in the company, led by AIGH CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 3.64 million shares (or 10.9736% of shares), all amounting to roughly $1.96 million.
The next major institution holding the largest number of shares is KINGDON CAPITAL MANAGEMENT, L.L.C. with 1.36 million shares, or about 4.0958% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.73 million.
