Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of Beyond Air Inc (NASDAQ: XAIR) closed at $0.40 in the last session, down -7.83% from day before closing price of $0.43. In other words, the price has decreased by -$7.83 from its previous closing price. On the day, 0.6 million shares were traded. XAIR stock price reached its highest trading level at $0.44 during the session, while it also had its lowest trading level at $0.3934.
Ratios:
We take a closer look at XAIR’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 28875040 and an Enterprise Value of 20892090. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.34 while its Price-to-Book (P/B) ratio in mrq is 1.03. 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 -0.12, which has changed by -0.7447059 over the last 52 weeks, in comparison to a change of 0.23883796 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 -11.97%, while the 200-Day Moving Average is calculated to be -39.73%.
Shares Statistics:
According to the various share statistics, XAIR traded on average about 1.29M shares per day over the past 3-months and 1324980 shares per day over the past 10 days. 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 23.43% stake in the company. Shares short for XAIR as of 1730332800 were 1453196 with a Short Ratio of 0.90, 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
According to 5 analysts, the current quarter’s revenue is expected to be $932k. It ranges from a high estimate of $998k to a low estimate of $887k. As of the current estimate, Beyond Air Inc’s year-ago sales were $391kFor the next quarter, 5 analysts are estimating revenue of $1.35M. There is a high estimate of $1.45M for the next quarter, whereas the lowest estimate is $1.18M.
A total of 5 analysts have provided revenue estimates for XAIR’s current fiscal year. The highest revenue estimate was $3.86M, while the lowest revenue estimate was $3.55M, resulting in an average revenue estimate of $3.76M. In the same quarter a year ago, actual revenue was $1.16MBased on 5 analysts’ estimates, the company’s revenue will be $13.74M in the next fiscal year. The high estimate is $14.96M and the low estimate is $12.32M.
