In the last trading session, 1.56 million shares of the Beyond Air Inc (NASDAQ:XAIR) were traded, and its beta was 0.17. Most recently the company’s share price was $0.27, and it changed around $0.01 or 1.63% from the last close, which brings the market valuation of the company to $23.68M. XAIR currently trades at a discount to its 52-week high of $1.78, offering almost -559.26% off that amount. The share price’s 52-week low was $0.24, which indicates that the current value has risen by an impressive 11.11% since then. We note from Beyond Air Inc’s average daily trading volume that its 10-day average is 1.52 million shares, with the 3-month average coming to 1.77 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 1.63% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.3220 on recent trading dayincreased the stock’s daily price by 16.15%. The company’s shares are currently down -25.19% year-to-date, but still down -0.15% over the last five days. On the other hand, Beyond Air Inc (NASDAQ:XAIR) is -24.58% down in the 30-day period. We can see from the shorts that 1.53 million shares have been sold at a short interest cover period of 1.0 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 73.0% 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
The year-over-year growth rate is expected to be 238.40%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 1.39M in revenue for the current quarter. 4 analysts expect Beyond Air Inc to make 2.06M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 470k and 683k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 195.40%. Forecasts for the next quarter put sales growth at 202.01%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -18.68%. Beyond Air Inc earnings are expected to increase by 59.23% in 2025, but the outlook is positive 45.66% per year for the next five years.
XAIR Dividends
Beyond Air Inc’s next quarterly earnings report is expected to be released on 2025-Feb-09.
Beyond Air Inc (NASDAQ:XAIR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 14.02% of Beyond Air Inc shares, and 23.36% of them are in the hands of institutional investors. The stock currently has a share float of 27.17%. Beyond Air Inc stock is held by 53.0 institutions, with AIGH CAPITAL MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 3.9638% of the shares, which is about 3.64 million shares worth $1.96 million.
VANGUARD GROUP INC, with 3.8134% or 1.26 million shares worth $0.68 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
