In today’s recent session, 0.54 million shares of the Beyond Air Inc (NASDAQ:XAIR) have been traded, and its beta is -0.12. Most recently the company’s share price was $0.43, and it changed around $0.03 or 6.99% from the last close, which brings the market valuation of the company to $31.04M. XAIR at last check was trading at a discount to its 52-week high of $2.61, offering almost -506.98% off that amount. The share price’s 52-week low was $0.30, which indicates that the recent value has risen by an impressive 30.23% since then. We note from Beyond Air Inc’s average daily trading volume that its 10-day average is 0.46 million shares, with the 3-month average coming to 544.23K.
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. Beyond Air Inc is expected to report earnings per share of -0.28 for the current quarter.
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Beyond Air Inc (NASDAQ:XAIR) trade information
Instantly XAIR has been showing a green trend so far today with a performance of 6.99% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.4335 on recent trading dayincreased the stock’s daily price by 0.81%. The company’s shares are currently down -78.06% year-to-date, but still up 19.78% over the last five days. On the other hand, Beyond Air Inc (NASDAQ:XAIR) is 18.13% up in the 30-day period. We can see from the shorts that 1.35 million shares have been sold at a short interest cover period of 1.63 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 57.0% 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 -59.81 percent over the past six months and at a 43.41% annual growth rate that is well above the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 45.10% in revenue this quarter, and will report an increase of 52.00% in the next quarter. The year-over-year growth rate is expected to be 625.60%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 1.04M in revenue for the current quarter. 4 analysts expect Beyond Air Inc to make 2.36M in revenue for the current ending quarter.
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 on 2024-Nov-11.
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 40.22% of them are in the hands of institutional investors. The stock currently has a share float of 51.72%. Beyond Air Inc stock is held by 79.0 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.
