Beyond Air Inc (NASDAQ: XAIR) is -83.14% lower on its value in year-to-date trading and has touched a low of $0.30 and a high of $2.61 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The XAIR stock was last observed hovering at around $0.36 in the last trading session, with the day’s loss setting it -0.03%.
Currently trading at $0.33, the stock is -12.45% and -20.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -7.55% at the moment leaves the stock -70.63% off its SMA200. XAIR registered -86.29% loss for a year compared to 6-month loss of -77.97%. The firm has a 50-day simple moving average (SMA 50) of $0.41528 and a 200-day simple moving average (SMA200) of $1.12515.
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The stock witnessed a -14.58% gain in the last 1 month and extending the period to 3 months gives it a -41.67%, and is -14.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 23.10% over the week and 14.91% over the month.
Beyond Air Inc (XAIR) has around 107 employees, a market worth around $15.37M and $1.78M in sales. Profit margin for the company is -3272.46%. Distance from 52-week low is 11.66% and -87.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-177.53%).
Beyond Air Inc quarterly earnings per share for the current quarter are estimated at -0.28 with sales reaching $1.04M over the same period.The EPS is expected to grow by 48.13% this year, but quarterly earnings will post 625.60% year-over-year.
80.0 institutions hold shares in Beyond Air Inc (XAIR), with institutional investors hold 51.80% of the company’s shares. The shares outstanding are 45.90M, and float is at 36.18M with Short Float at 2.98%. Institutions hold 40.28% of the Float.
The top institutional shareholder in the company is AIGH CAPITAL MANAGEMENT LLC with over 3.64 million shares valued at $1.96 million. The investor’s holdings represent 10.9736 of the XAIR Shares outstanding. As of 2024-06-30, the second largest holder is KINGDON CAPITAL MANAGEMENT, L.L.C. with 1.36 million shares valued at $0.73 million to account for 4.0958 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.26 million shares representing 3.8134 and valued at over $0.68 million, while ADAR1 CAPITAL MANAGEMENT, LLC holds 3.695 of the shares totaling 1.23 million with a market value of $0.66 million.
Beyond Air Inc (XAIR) Insider Activity
The most recent transaction is an insider purchase by Carey Robert, the company’s Director. SEC filings show that Carey Robert bought 1,476,626 shares of the company’s common stock on Sep 26 ’24 at a price of $0.50 per share for a total of $0.74 million. Following the purchase, the insider now owns 1.48 million shares.
Beyond Air Inc disclosed in a document filed with the SEC on Sep 26 ’24 that Lisi Steven A. (CEO and Chairman of the Board) bought a total of 1,476,626 shares of the company’s common stock. The trade occurred on Sep 26 ’24 and was made at $0.50 per share for $0.74 million. Following the transaction, the insider now directly holds 3.25 million shares of the XAIR stock.
Still, SEC filings show that on Aug 22 ’24, Avniel Amir (Officer) Proposed Sale 180,415 shares at an average price of $0.46 for $83442.0. The insider now directly holds shares of Beyond Air Inc (XAIR).
