In the last trading session, 1.29 million Beyond Air Inc (NASDAQ:XAIR) shares changed hands as the company’s beta touched -0.24. With the company’s per share price at $0.51 changed hands at $0.04 or 7.64% during last session, the market valuation stood at $34.30M. XAIR’s last price was a discount, traded about -362.75% off its 52-week high of $2.36. The share price had its 52-week low at $0.30, which suggests the last value was 41.18% up since then. When we look at Beyond Air Inc’s average trading volume, we note the 10-day average is 0.66 million shares, with the 3-month average coming to 578.57K.
Analysts gave the Beyond Air Inc (XAIR) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended XAIR as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Beyond Air Inc’s EPS for the current quarter is expected to be -0.28.
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Beyond Air Inc (NASDAQ:XAIR) trade information
Instantly XAIR was in green as seen at the end of in last trading. With action 6.25%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -73.97%, with the 5-day performance at 6.25% in the green. However, in the 30-day time frame, Beyond Air Inc (NASDAQ:XAIR) is 49.59% up. Looking at the short shares, we see there were 1.35 million shares sold at short interest cover period of 1.63 days.
The consensus price target for the stock as assigned by Wall Street analysts is 1, meaning bulls need an upside of 49.0% from its current market value. According to analyst projections, XAIR’s forecast low is 1 with 1 as the target high. To hit the forecast high, the stock’s price needs a -96.08% plunge from its current level, while the stock would need to soar -96.08% for it to hit the projected low.
Beyond Air Inc (XAIR) estimates and forecasts
Data shows that the Beyond Air Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -54.46% over the past 6 months, a 43.41% in annual growth rate that is considerably higher than the industry average of 16.80%. Year-over-year growth is forecast to reach 625.60% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 1.04M. 4 analysts are of the opinion that Beyond Air Inc’s revenue for the current quarter will be 2.36M.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -18.68%. The 2024 estimates are for Beyond Air Inc earnings to increase by 51.65%.
XAIR Dividends
Beyond Air Inc is expected to release its next quarterly earnings report in December.
Beyond Air Inc (NASDAQ:XAIR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.36% of Beyond Air Inc shares while 36.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 43.89%. There are 36.71% institutions holding the Beyond Air Inc stock share, with AIGH CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 10.9736% of the shares, roughly 3.64 million XAIR shares worth $1.96 million.
KINGDON CAPITAL MANAGEMENT, L.L.C. holds the second largest percentage of outstanding shares, with 4.0958% or 1.36 million shares worth $0.73 million as of 2024-06-30.
