During the last session, Beyond Air Inc (NASDAQ:XAIR)’s traded shares were 1.37 million, with the beta value of the company hitting -0.12. At the end of the trading day, the stock’s price was $0.52, reflecting an intraday gain of 8.78% or $0.04. The 52-week high for the XAIR share is $2.61, that puts it down -401.92 from that peak though still a striking 42.31% gain since the share price plummeted to a 52-week low of $0.30. The company’s market capitalization is $37.49M, and the average intraday trading volume over the past 10 days was 0.6 million shares, and the average trade volume was 555.38K 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 1.40. 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 8.78% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 8.78% in intraday trading to $0.52, hitting a weekly high. The stock’s 5-day price performance is 42.01%, and it has moved by 71.98% in 30 days. Based on these gigs, the overall price performance for the year is -76.92%. The short interest in Beyond Air Inc (NASDAQ:XAIR) is 1.35 million shares and it means that shorts have 1.63 day(s) to cover.
The consensus price target of analysts on Wall Street is $1, which implies an increase of 48.0% 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 -92.31% off the target high and -92.31% 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 -54.05% during the last six months, with a year-to-date growth rate more than the industry average at 43.41% against 17.30. 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 52.00% in the quarter after that. In the rating firms’ projections, revenue will increase 625.60% 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 1.04M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 2.36M 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 48.13% in 2024.
XAIR Dividends
Beyond Air Inc is due to release its next quarterly earnings in November. 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 22.23% of total outstanding shares while institutional holders control 40.18%, with the float percentage being 51.67%. AIGH CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 77.0 institutions own stock in it. As of 2024-06-30, the company held over 3.64 million shares (or 10.9736% of all shares), a total value of $1.96 million in shares.
The next largest institutional holding, with 1.36 million shares, is of KINGDON CAPITAL MANAGEMENT, L.L.C.’s that is approximately 4.0958% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.73 million.
