Beyond Air Inc (NASDAQ:XAIR) has a beta value of -0.21 and has seen 1.66 million shares traded in the last trading session. The company, currently valued at $48.14M, closed the last trade at $0.67 per share which meant it gained $0.12 on the day or 22.16% during that session. The XAIR stock price is -252.24% off its 52-week high price of $2.36 and 55.22% above the 52-week low of $0.30. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.45 million shares traded. The 3-month trading volume is 573.63K shares.
The consensus among analysts is that Beyond Air Inc (XAIR) is Hold stock at the moment, with a recommendation rating of 1.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
Beyond Air Inc (NASDAQ:XAIR) trade information
Sporting 22.16% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the XAIR stock price touched $0.67 or saw a rise of 0.9%. Year-to-date, Beyond Air Inc shares have moved -65.97%, while the 5-day performance has seen it change 27.14%. Over the past 30 days, the shares of Beyond Air Inc (NASDAQ:XAIR) have changed 56.02%. Short interest in the company has seen 1.45 million shares shorted with days to cover at 1.62.
Wall Street analysts have a consensus price target for the stock at $1, which means that the shares’ value could jump 33.0% from current levels. The projected low price target is $1.0 while the price target rests at a high of $1.0. In that case, then, we find that the current price level is -49.25% off the targeted high while a plunge would see the stock gain -49.25% from current levels.
Beyond Air Inc (XAIR) estimates and forecasts
Figures show that Beyond Air Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -44.42% over the past 6 months, with this year growth rate of 57.14%, compared to 17.90% for the industry. Revenue growth from the last financial year stood is estimated to be 225.09%.
5 analysts offering their estimates for the company have set an average revenue estimate of 926k for the current quarter. 5 have an estimated revenue figure of 1.34M for the next ending quarter. Year-ago sales stood 391k and 470k respectively for this quarter and the next, and analysts expect sales will grow by 136.83% for the current quarter and 225.09% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -18.68% over the past 5 years.
XAIR Dividends
Beyond Air Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Beyond Air Inc (NASDAQ:XAIR)’s Major holders
Insiders own 16.36% of the company shares, while shares held by institutions stand at 36.40% with a share float percentage of 43.52%. Investors are also buoyed by the number of investors in a company, with Beyond Air Inc having a total of 75.0 institutions that hold shares in the company. The top two institutional holders are AIGH CAPITAL MANAGEMENT LLC with over 3.64 million shares worth more than $1.96 million. As of 2024-06-30, AIGH CAPITAL MANAGEMENT LLC held 10.9736% of shares outstanding.
The other major institutional holder is KINGDON CAPITAL MANAGEMENT, L.L.C., with the holding of over 1.36 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.73 million and represent 4.0958% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 1.22% shares in the company for having 879.43 shares of worth $0.59 million while later fund manager owns 374.31 shares of worth $0.25 million as of Jun 30, 2024 , which makes it owner of about 0.52% of company’s outstanding stock.
