In today’s recent session, 2.62 million shares of the Beyond Air Inc (NASDAQ:XAIR) have been traded, and its beta is 0.23. Most recently the company’s share price was $0.20, and it changed around $0.02 or 13.08% from the last close, which brings the market valuation of the company to $17.54M. XAIR at last check was trading at a discount to its 52-week high of $1.49, offering almost -645.0% off that amount. The share price’s 52-week low was $0.16, which indicates that the recent value has risen by an impressive 20.0% since then.
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 been showing a green trend so far today with a performance of 13.08% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.2100 on recent trading dayincreased the stock’s daily price by 4.76%. The company’s shares are currently down -43.35% year-to-date, but still up 3.25% over the last five days. On the other hand, Beyond Air Inc (NASDAQ:XAIR) is 11.59% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $1, which translates to bulls needing to increase their stock price by 80.0% 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 in July.
KINGDON CAPITAL MANAGEMENT, L.L.C., with 1.4795% or 1.36 million shares worth $0.73 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
