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The closing price of Beyond Air Inc (NASDAQ: XAIR) was $1.21 for the day, down -1.63% from the previous closing price of $1.23. In other words, the price has decreased by $-1.63 from its previous closing price. On the day, 0.62 million shares were traded. XAIR stock price reached its highest trading level at $1.59 during the session, while it also had its lowest trading level at $1.16.
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 3.26 and its Current Ratio is at 3.39. In the meantime, Its Debt-to-Equity ratio is 0.81 whereas as Long-Term Debt/Eq ratio is at 0.79.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Piper Sandler on July 28, 2023, initiated with a Overweight rating and assigned the stock a target price of $10.
On June 15, 2023, BTIG Research started tracking the stock assigning a Buy rating and target price of $15.
On April 28, 2021, Truist started tracking the stock assigning a Buy rating and target price of $12.Truist initiated its Buy rating on April 28, 2021, with a $12 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 Dec 28 ’23 when Avniel Amir sold 13,733 shares for $2.05 per share. The transaction valued at 28,217 led to the insider holds 0 shares of the business.
Avniel Amir sold 11,267 shares of XAIR for $23,234 on Dec 28 ’23. The Chief Business Officer now owns 685,760 shares after completing the transaction at $2.06 per share. On Dec 27 ’23, another insider, Myers Jeff Lynn, who serves as the Chief Medical Officer of the company, sold 3,423 shares for $2.21 each. As a result, the insider received 7,579 and left with 46,577 shares of the company.
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 55539968 and an Enterprise Value of 31931258. For the stock, the TTM Price-to-Sale (P/S) ratio is 80.49 while its Price-to-Book (P/B) ratio in mrq is 2.06. Its current Enterprise Value per Revenue stands at 46.344 whereas that against EBITDA is -0.509.
Stock Price History:
The Beta on a monthly basis for XAIR is -0.07, which has changed by -0.7886463 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, XAIR has reached a high of $6.36, while it has fallen to a 52-week low of $1.13. The 50-Day Moving Average of the stock is -28.47%, while the 200-Day Moving Average is calculated to be -46.01%.
Shares Statistics:
XAIR traded an average of 299.46K shares per day over the past three months and 288930 shares per day over the past ten days. A total of 45.90M shares are outstanding, with a floating share count of 35.39M. Insiders hold about 22.91% of the company’s shares, while institutions hold 20.51% stake in the company. Shares short for XAIR as of 1711584000 were 3496144 with a Short Ratio of 11.68, compared to 1709164800 on 2875786. Therefore, it implies a Short% of Shares Outstanding of 3496144 and a Short% of Float of 8.469999999999999.
Earnings Estimates
The current market rating for Beyond Air Inc (XAIR) reflects the collective analysis of 5 analysts closely monitoring its performance.On average, analysts expect EPS of $-0.49 for the current quarter, with a high estimate of $-0.39 and a low estimate of $-0.55, while EPS last year was $-0.67. The consensus estimate for the next quarter is $-0.46, with high estimates of $-0.37 and low estimates of $-0.52.
Analysts are recommending an EPS of between $-1.85 and $-2.02 for the fiscal current year, implying an average EPS of $-1.95. EPS for the following year is $-1.82, with 5 analysts recommending between $-1.3 and $-2.35.
Revenue Estimates
Based on 5 analysts’ estimates, the company’s revenue will be $13.19M in the next fiscal year. The high estimate is $14.68M and the low estimate is $11.6M. The average revenue growth estimate for next year is up 816.00% from the average revenue estimate for this year.
