Beyond Air Inc (NASDAQ:XAIR) shares, rose in value on Friday, November 01, with the stock price down by -14.00% to the previous day’s close as strong demand from buyers drove the stock to $0.49.
Actively observing the price movement in the last trading, the stock closed the session at $0.57, falling within a range of $0.4791 and $0.59. The value of beta (5-year monthly) was -0.118. Referring to stock’s 52-week performance, its high was $2.61, and the low was $0.30. On the whole, XAIR has fluctuated by 27.53% over the past month.
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With the market capitalization of Beyond Air Inc currently standing at about $35.38 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.41M, with a low estimate of 900k and a high estimate of 1.2M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.04M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that XAIR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of XAIR currently trading nearly 24.86% and 23.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.71, while the 7-day volatility ratio is showing 16.64% which for the 30-day chart, stands at 14.90%. Furthermore, Beyond Air Inc (XAIR)’s beta value is -0.18, and its average true range (ATR) is 0.06.
A comparison of Beyond Air Inc (XAIR) with its peers suggests the former has fared considerably weaker in the market. XAIR showed an intraday change of -14.00% in last session, and over the past year, it shrunk by -78.97%%.
Data on historical trading for Beyond Air Inc (NASDAQ:XAIR) indicates that the trading volumes over the past 10 days have averaged 0.69 and over the past 3 months, they’ve averaged 584.46K. According to company’s latest data on outstanding shares, there are 72.19 million shares outstanding.
Nearly 22.24% of Beyond Air Inc’s shares belong to company insiders and institutional investors own 24.62% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.35 million shares as on 2024-10-15, resulting in a short ratio of 1.63. According to the data, the short interest in Beyond Air Inc (XAIR) stood at 204.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 0.44 million. The stock has fallen by -74.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the XAIR stock heading into the next quarter.
