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After finishing at $0.33 in the prior trading day, Beyond Air Inc (NASDAQ: XAIR) closed at $0.34, up 3.18%. In other words, the price has increased by $3.18 from its previous closing price. On the day, 0.94 million shares were traded. XAIR stock price reached its highest trading level at $0.3647 during the session, while it also had its lowest trading level at $0.3103.
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 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:
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 24388488 and an Enterprise Value of 13760496. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.91 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 7.718 whereas that against EBITDA is -0.236.
Stock Price History:
Over the past 52 weeks, XAIR has reached a high of $2.61, while it has fallen to a 52-week low of $0.30. The 50-Day Moving Average of the stock is -17.04%, while the 200-Day Moving Average is calculated to be -69.45%.
Shares Statistics:
The stock has traded on average 533.05K shares per day over the past 3-months and 1268990 shares per day over the last 10 days, according to various share statistics. A total of 45.90M shares are outstanding, with a floating share count of 36.18M. Insiders hold about 22.24% of the company’s shares, while institutions hold 40.24% stake in the company. Shares short for XAIR as of 1727654400 were 1079431 with a Short Ratio of 2.03, compared to 1724976000 on 597288. Therefore, it implies a Short% of Shares Outstanding of 1079431 and a Short% of Float of 1.63.
