In the last trading session, 3.52 million shares of the Beyond Air Inc (NASDAQ:XAIR) were traded, and its beta was -0.16. Most recently the company’s share price was $0.42, and it changed around $0.05 or 11.57% from the last close, which brings the market valuation of the company to $30.14M. XAIR currently trades at a discount to its 52-week high of $2.17, offering almost -416.67% 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 1.67 million shares, with the 3-month average coming to 1.16 million.
Beyond Air Inc stock received a consensus recommendation rating of Overweight, 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 3 rate it as Overweight. Among the rest, 1 recommended XAIR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Beyond Air Inc is expected to report earnings per share of 0 for the current quarter.
Beyond Air Inc (NASDAQ:XAIR) trade information
Instantly XAIR has showed a green trend with a performance of 11.57% 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 0.4679 on recent trading dayincreased the stock’s daily price by 10.24%. The company’s shares are currently up 16.46% year-to-date, but still up 7.88% over the last five days. On the other hand, Beyond Air Inc (NASDAQ:XAIR) is -9.28% down in the 30-day period. We can see from the shorts that 1.45 million shares have been sold at a short interest cover period of 1.62 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 -23.81 percent over the past six months and at a 57.14% annual growth rate that is well above the industry average of 16.50%. The year-over-year growth rate is expected to be 224.40%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 932k in revenue for the current quarter. 5 analysts expect Beyond Air Inc to make 1.35M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 391k and 470k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 138.36%. Forecasts for the next quarter put sales growth at 186.55%.
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 February.
Beyond Air Inc (NASDAQ:XAIR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 16.36% of Beyond Air Inc shares, and 36.40% of them are in the hands of institutional investors. The stock currently has a share float of 43.52%. Beyond Air Inc stock is held by 75.0 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.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 879.43 shares worth $0.37 million, making up 1.22% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 374.31 shares worth around $0.16 million, which represents about 0.52% of the total shares outstanding.
