Beyond Air Inc (NASDAQ:XAIR) has a beta value of 0.11 and has seen 1.71 million shares traded in the last trading session. The company, currently valued at $32.05M, closed the last trade at $0.36 per share which meant it lost -$0.03 on the day or -6.68% during that session. The XAIR stock price is -488.89% off its 52-week high price of $2.12 and 16.67% above the 52-week low of $0.30.
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 -6.68% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the XAIR stock price touched $0.36 or saw a rise of 30.77%. Year-to-date, Beyond Air Inc shares have moved 1.26%, while the 5-day performance has seen it change -17.07%. Over the past 30 days, the shares of Beyond Air Inc (NASDAQ:XAIR) have changed -2.99%.
Wall Street analysts have a consensus price target for the stock at $1, which means that the shares’ value could jump 64.0% 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 -177.78% off the targeted high while a plunge would see the stock gain -177.78% from current levels.
Beyond Air Inc (XAIR) estimates and forecasts
The company’s shares have lost -3.20% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 238.40%.
5 analysts offering their estimates for the company have set an average revenue estimate of 1.39M for the current quarter. 4 have an estimated revenue figure of 2.06M for the next ending quarter. Year-ago sales stood 470k and 683k respectively for this quarter and the next, and analysts expect sales will grow by 195.40% for the current quarter and 238.40% 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. Earnings growth for 2025 is a modest 59.23% while over the next 5 years, the company’s earnings are expected to increase by 45.66%.
XAIR Dividends
Beyond Air Inc is expected to release its next earnings report in March 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
The top two institutional holders are KINGDON CAPITAL MANAGEMENT, L.L.C. with over 1.36 million shares worth more than $0.73 million. As of 2024-06-30, KINGDON CAPITAL MANAGEMENT, L.L.C. held 4.0958% of shares outstanding.
The other major institutional holder is AIGH CAPITAL MANAGEMENT LLC, with the holding of over 3.64 million shares as of 2024-06-30. The firm’s total holdings are worth over $1.96 million and represent 3.9638% 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 Sep 30, 2024 , the former fund manager holds about 1.00% shares in the company for having 879.43 shares of worth $0.32 million while later fund manager owns 374.31 shares of worth $0.14 million as of Sep 30, 2024 , which makes it owner of about 0.42% of company’s outstanding stock.
