Beyond Air Inc (NASDAQ:XAIR) shares, rose in value on Friday, March 28, with the stock price down by -3.20% to the previous day’s close as strong demand from buyers drove the stock to $0.27.
Actively observing the price movement in the last trading, the stock closed the session at $0.28, falling within a range of $0.2505 and $0.278. The value of beta (5-year monthly) was 0.162. Referring to stock’s 52-week performance, its high was $1.78, and the low was $0.24. On the whole, XAIR has fluctuated by -6.94% over the past month.
With the market capitalization of Beyond Air Inc currently standing at about $24.03 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-09.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.92M, with a low estimate of 1.25M and a high estimate of 1.53M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.39M.
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 100% 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 0.33% and -18.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.27, while the 7-day volatility ratio is showing 9.38% which for the 30-day chart, stands at 10.91%. Furthermore, Beyond Air Inc (XAIR)’s beta value is 0.15, and its average true range (ATR) is 0.03.
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 -3.20% in last session, and over the past year, it shrunk by -83.90%%.
Data on historical trading for Beyond Air Inc (NASDAQ:XAIR) indicates that the trading volumes over the past 10 days have averaged 1.56 and over the past 3 months, they’ve averaged 1.52 million. According to company’s latest data on outstanding shares, there are 88.28 million shares outstanding.
Nearly 12.88% of Beyond Air Inc’s shares belong to company insiders and institutional investors own 23.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.35 million shares as on 2025-03-14, resulting in a short ratio of 1.17. According to the data, the short interest in Beyond Air Inc (XAIR) stood at 168.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 1.2 million. The stock has fallen by -24.10% 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.
