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The closing price of Beyond Air Inc (NASDAQ: XAIR) was $0.51 for the day, up 7.64% from the previous closing price of $0.47. In other words, the price has increased by $7.64 from its previous closing price. On the day, 1.29 million shares were traded. XAIR stock price reached its highest trading level at $0.5201 during the session, while it also had its lowest trading level at $0.4708.
Ratios:
Our analysis of XAIR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.42 and its Current Ratio is at 2.63. In the meantime, Its Debt-to-Equity ratio is 1.10 whereas as Long-Term Debt/Eq ratio is at 1.04.
On July 28, 2023, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $10.
On June 15, 2023, BTIG Research started tracking the stock assigning a Buy rating and target price of $15.BTIG Research initiated its Buy rating on June 15, 2023, with a $15 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 26 ’24 when Carey Robert bought 1,476,626 shares for $0.50 per share. The transaction valued at 744,662 led to the insider holds 1,476,626 shares of the business.
Lisi Steven A. bought 1,476,626 shares of XAIR for $744,662 on Sep 26 ’24. The CEO and Chairman of the Board now owns 3,249,411 shares after completing the transaction at $0.50 per share. On Aug 22 ’24, another insider, Avniel Amir, who serves as the Officer of the company, bought 180,415 shares for $0.46 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, XAIR now has a Market Capitalization of 36822896 and an Enterprise Value of 19943072. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.27 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 11.185 whereas that against EBITDA is -0.342.
Stock Price History:
Over the past 52 weeks, XAIR has reached a high of $2.36, while it has fallen to a 52-week low of $0.30. The 50-Day Moving Average of the stock is 26.69%, while the 200-Day Moving Average is calculated to be -48.36%.
Shares Statistics:
XAIR traded an average of 578.57K shares per day over the past three months and 663500 shares per day over the past ten days. A total of 72.19M shares are outstanding, with a floating share count of 56.14M. Insiders hold about 22.24% of the company’s shares, while institutions hold 24.57% stake in the company. Shares short for XAIR as of 1728950400 were 1350599 with a Short Ratio of 2.33, compared to 1726185600 on 444132. Therefore, it implies a Short% of Shares Outstanding of 1350599 and a Short% of Float of 2.11.
Earnings Estimates
Beyond Air Inc (XAIR) is presently subject to a detailed evaluation by 5.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is -$0.24, with high estimates of -$0.14 and low estimates of -$0.28.
Analysts are recommending an EPS of between -$0.66 and -$1.04 for the fiscal current year, implying an average EPS of -$0.94. EPS for the following year is -$0.5, with 4.0 analysts recommending between -$0.34 and -$0.69.
Revenue Estimates
For the next quarter, 4 analysts are estimating revenue of $2.36M. There is a high estimate of $2.63M for the next quarter, whereas the lowest estimate is $1.7M.
A total of 4 analysts have provided revenue estimates for XAIR’s current fiscal year. The highest revenue estimate was $10.52M, while the lowest revenue estimate was $6M, resulting in an average revenue estimate of $8.41M. In the same quarter a year ago, actual revenue was $1.16MBased on 4 analysts’ estimates, the company’s revenue will be $32.54M in the next fiscal year. The high estimate is $40.5M and the low estimate is $23.7M.
