Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
After finishing at $0.44 in the prior trading day, Beyond Air Inc (NASDAQ: XAIR) closed at $0.38, down -14.02%. In other words, the price has decreased by -$14.02 from its previous closing price. On the day, 5.13 million shares were traded. XAIR stock price reached its highest trading level at $0.41 during the session, while it also had its lowest trading level at $0.32.
Ratios:
Our goal is to gain a better understanding of XAIR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.38 and its Current Ratio is at 5.76. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.61.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 27308570 and an Enterprise Value of 20892090. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.44 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 11.717 whereas that against EBITDA is -0.358.
Stock Price History:
Over the past 52 weeks, XAIR has reached a high of $2.20, while it has fallen to a 52-week low of $0.30. The 50-Day Moving Average of the stock is -20.40%, while the 200-Day Moving Average is calculated to be -50.80%.
Shares Statistics:
The stock has traded on average 1.01M shares per day over the past 3-months and 2213460 shares per day over the last 10 days, according to various share statistics. A total of 72.19M shares are outstanding, with a floating share count of 61.84M. Insiders hold about 14.33% of the company’s shares, while institutions hold 23.10% stake in the company. Shares short for XAIR as of 1730332800 were 1453196 with a Short Ratio of 1.16, compared to 1727654400 on 1079431. Therefore, it implies a Short% of Shares Outstanding of 1453196 and a Short% of Float of 2.27.
