Beyond Air Inc (NASDAQ:XAIR) price on Thursday, March 28, remained unchanged to $1.74.
A look at the stock’s price movement, the close in the last trading session was $1.74. The beta value (5-Year monthly) was -0.17. Turning to its 52-week performance, $7.16 and $1.17 were the 52-week high and 52-week low respectively. Overall, XAIR moved -15.12% over the past month.
Beyond Air Inc’s market cap currently stands at around $62.71 million, with investors looking forward to this quarter’s earnings report slated for Jun 20, 2024 – Jun 24, 2024. Analysts project the company’s earnings per share (EPS) to be -$0.49, which has seen fiscal year 2024 EPS growth forecast to increase to -$1.95 and about -$1.82 for fiscal year 2025. Per the data, EPS growth is expected to be -4.80% for 2024 and 6.70% for the next financial year.
Analysts have a consensus estimate of $750k for the company’s revenue for the quarter, with a low and high estimate of $630k and $990k respectively.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that XAIR is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
XAIR’s current price about 2.14% and 1.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.83, while 7-day volatility ratio is 7.28% and 9.00% in the 30-day chart. Further, Beyond Air Inc (XAIR) has a beta value of -0.19, and an average true range (ATR) of 0.15.
If we refocus on Beyond Air Inc (NASDAQ:XAIR), historical trading data shows that trading volumes averaged 0.27 million over the past 10 days and 341.65K over the past 3 months. The company’s latest data on shares outstanding shows there are 30.74 million shares.
The 22.91% of Beyond Air Inc’s shares are in the hands of company insiders while institutional holders own 26.21% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.84 million on Mar 15, 2024, giving us a short ratio of 11.19. The data shows that as of Mar 15, 2024 short interest in Beyond Air Inc (XAIR) stood at 7.89% of shares outstanding, with shares short falling to 3.26 million registered in Feb 15, 2024. Current price change has pushed the stock -11.22% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the XAIR stock continues to rise going into the next quarter.
