Year-To-Date, Beyond Air Inc (NASDAQ: XAIR) Price Has Increase 10.52%. Does Trouble Ahead?

NOVA

During the last session, Beyond Air Inc (NASDAQ:XAIR)’s traded shares were 2.04 million, with the beta value of the company hitting -0.13. At the end of the trading day, the stock’s price was $0.40, reflecting an intraday loss of -9.73% or -$0.04. The 52-week high for the XAIR share is $2.17, that puts it down -442.5 from that peak though still a striking 25.0% gain since the share price plummeted to a 52-week low of $0.30. The company’s market capitalization is $28.60M, and the average intraday trading volume over the past 10 days was 1.71 million shares, and the average trade volume was 1.24 million 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.

Beyond Air Inc (NASDAQ:XAIR) trade information

Beyond Air Inc (XAIR) registered a -9.73% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -9.73% in intraday trading to $0.40, hitting a weekly high. The stock’s 5-day price performance is 10.09%, and it has moved by -7.95% in 30 days. Based on these gigs, the overall price performance for the year is -69.64%. The short interest in Beyond Air Inc (NASDAQ:XAIR) is 1.45 million shares and it means that shorts have 1.62 day(s) to cover.

The consensus price target of analysts on Wall Street is $1, which implies an increase of 60.0% 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 -150.0% off the target high and -150.0% 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 -27.96% during the last six months, with a year-to-date growth rate more than the industry average at 57.14% against 16.50.

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 57.51% in 2025.

XAIR Dividends

Beyond Air Inc is due to release its next quarterly earnings in February. 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 16.36% of total outstanding shares while institutional holders control 36.40%, with the float percentage being 43.52%. AIGH CAPITAL MANAGEMENT LLC is the largest shareholder of the company, while 75.0 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.