In the last trading session, 1.59 million shares of the Beyond Air Inc (NASDAQ:XAIR) were traded, and its beta was -0.12. Most recently the company’s share price was $0.42, and it changed around $0.04 or 9.81% from the last close, which brings the market valuation of the company to $19.63M. XAIR currently trades at a discount to its 52-week high of $2.61, offering almost -521.43% off that amount. The share price’s 52-week low was $0.30, which indicates that the current value has risen by an impressive 28.57% since then. We note from Beyond Air Inc’s average daily trading volume that its 10-day average is 1.17 million shares, with the 3-month average coming to 499.60K.
Beyond Air Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended XAIR as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Beyond Air Inc (NASDAQ:XAIR) trade information
Instantly XAIR has showed a green trend with a performance of 9.81% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.4440 on recent trading dayincreased the stock’s daily price by 5.41%. The company’s shares are currently down -78.47% year-to-date, but still up 15.93% over the last five days. On the other hand, Beyond Air Inc (NASDAQ:XAIR) is -3.08% down in the 30-day period. We can see from the shorts that 0.44 million shares have been sold at a short interest cover period of 1.19 day(s).
The consensus price target as assigned by Wall Street analysts is $1, which translates to bulls needing to increase their stock price by 58.0% from its current value. Analyst projections state that XAIR is forecast to be at a low of $1 and a high of $1.
Beyond Air Inc (XAIR) estimates and forecasts
Beyond Air Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -74.27 percent over the past six months and at a 43.41% annual growth rate that is well above the industry average of 17.60%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -18.68%.
XAIR Dividends
Beyond Air Inc’s next quarterly earnings report is expected to be released in November.
Beyond Air Inc (NASDAQ:XAIR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.23% of Beyond Air Inc shares, and 40.28% of them are in the hands of institutional investors. The stock currently has a share float of 51.80%. Beyond Air Inc stock is held by 81.0 institutions, with AIGH CAPITAL MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 10.9736% of the shares, which is about 3.64 million shares worth $1.96 million.
KINGDON CAPITAL MANAGEMENT, L.L.C., with 4.0958% or 1.36 million shares worth $0.73 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
