Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $0.44 in the prior trading day, Beyond Air Inc (NASDAQ: XAIR) closed at $0.41, down -6.49%. In other words, the price has decreased by -$6.49 from its previous closing price. On the day, 5.38 million shares were traded. XAIR stock price reached its highest trading level at $0.52 during the session, while it also had its lowest trading level at $0.39.
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 3.12 and its Current Ratio is at 3.56. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.58.
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 36132432 and an Enterprise Value of 20892090. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.30 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 11.717 whereas that against EBITDA is -0.358.
Stock Price History:
The Beta on a monthly basis for XAIR is 0.11, which has changed by -0.76324326 over the last 52 weeks, in comparison to a change of 0.21313763 over the same period for the S&P500. Over the past 52 weeks, XAIR has reached a high of $2.17, while it has fallen to a 52-week low of $0.30. The 50-Day Moving Average of the stock is -3.75%, while the 200-Day Moving Average is calculated to be -33.18%.
Shares Statistics:
The stock has traded on average 1.39M shares per day over the past 3-months and 1280070 shares per day over the last 10 days, according to various share statistics. A total of 74.33M shares are outstanding, with a floating share count of 65.13M. Insiders hold about 14.33% of the company’s shares, while institutions hold 18.61% stake in the company. Shares short for XAIR as of 1730332800 were 1453196 with a Short Ratio of 0.69, compared to 1727654400 on 1079431. Therefore, it implies a Short% of Shares Outstanding of 1453196 and a Short% of Float of 2.27.
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $0 and $0 for the fiscal current year, implying an average EPS of $0.
Revenue Estimates
4 analysts predict $1.41M in revenue for the current quarter. It ranges from a high estimate of $1.53M to a low estimate of $1.25M. As of the current estimate, Beyond Air Inc’s year-ago sales were $470kFor the next quarter, 4 analysts are estimating revenue of $2.06M. There is a high estimate of $2.34M for the next quarter, whereas the lowest estimate is $1.62M.
A total of 4 analysts have provided revenue estimates for XAIR’s current fiscal year. The highest revenue estimate was $4.08M, while the lowest revenue estimate was $3.73M, resulting in an average revenue estimate of $3.94M. In the same quarter a year ago, actual revenue was $1.16MBased on 5 analysts’ estimates, the company’s revenue will be $14.04M in the next fiscal year. The high estimate is $15.75M and the low estimate is $12.33M.
