Beyond Air Inc (NASDAQ:XAIR) has a beta value of 0.16 and has seen 1.1 million shares traded in the recent trading session. The company, currently valued at $23.31M, closed the recent trade at $0.26 per share which meant it lost -$0.01 on the day or -3.12% during that session. The XAIR stock price is -573.08% off its 52-week high price of $1.75 and 7.69% above the 52-week low of $0.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.17 million shares traded. The 3-month trading volume is 1.41 million 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 -3.12% in the red today, 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 $0.26 or saw a rise of 18.67%. Year-to-date, Beyond Air Inc shares have moved -26.36%, while the 5-day performance has seen it change -9.81%. Over the past 30 days, the shares of Beyond Air Inc (NASDAQ:XAIR) have changed 1.93%. Short interest in the company has seen 1.35 million shares shorted with days to cover at 1.17.
Wall Street analysts have a consensus price target for the stock at $1, which means that the shares’ value could jump 74.0% from the levels at last check today. 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 latest price level in today’s session is -284.62% off the targeted high while a plunge would see the stock gain -284.62% from the levels at last check today.
Beyond Air Inc (XAIR) estimates and forecasts
The company’s shares have lost -27.47% 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 on 2025-Feb-09 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 14.02% of the company shares, while shares held by institutions stand at 23.36% with a share float percentage of 27.17%. Investors are also buoyed by the number of investors in a company, with Beyond Air Inc having a total of 53.0 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 3.9638% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 1.26 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.68 million and represent 3.8134% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund. As of Dec 31, 2024, the former fund manager holds about 1.28% shares in the company for having 879.43 shares of worth $0.23 million while later fund manager owns 374.31 shares of worth $98032.0 as of Dec 31, 2024, which makes it owner of about 0.54% of company’s outstanding stock.
