Beyond Air Inc (NASDAQ:XAIR) price on Wednesday, February 05, remained unchanged to $0.39.
A look at the stock’s price movement, the close in the last trading session was $0.39, moving within a range at $0.38 and $0.4343. The beta value (5-Year monthly) was -0.182. Turning to its 52-week performance, $2.17 and $0.30 were the 52-week high and 52-week low respectively. Overall, XAIR moved 8.33% over the past month.
Beyond Air Inc’s market cap currently stands at around $29.65 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 929.6k for the company’s revenue for the quarter, with a low and high estimate of 875k and 998k respectively. The average forecast suggests up to a 137.75% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.78M, representing a 226.49% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that XAIR is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend XAIR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
XAIR’s current price about -0.30% and -10.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.69, while 7-day volatility ratio is 10.92% and 12.24% in the 30-day chart. Further, Beyond Air Inc (XAIR) has a beta value of 0.11, and an average true range (ATR) of 0.05. Analysts have given the company’s stock an average 52-week price target of $1, forecast between a low of $1 and high of $1. Looking at the price targets, the low is -156.41% off current price level while to achieve the yearly target high, price needs to move -156.41%. Nonetheless, investors will most likely welcome a -156.41% jump to $1 which is the analysts’ median price.
If we refocus on Beyond Air Inc (NASDAQ:XAIR), historical trading data shows that trading volumes averaged 0.83 over the past 10 days and 1.26 million over the past 3 months. The company’s latest data on shares outstanding shows there are 72.19 million shares.
The 14.33% of Beyond Air Inc’s shares are in the hands of company insiders while institutional holders own 22.25% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.45 million on 2024-10-31, giving us a short ratio of 1.62. The data shows that as of 2024-10-31 short interest in Beyond Air Inc (XAIR) stood at 227.0 of shares outstanding, with shares short rising to 1.08 million registered in 2024-09-30. Current price change has pushed the stock 8.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the XAIR stock continues to rise going into the next quarter.
