Beyond Air Inc (NASDAQ: XAIR) kicked off on November 20, 2023, at the price of $1.51, up 6.00% from the previous trading day. During the day, the shares moved up to $1.64 and dropped to $1.47 before settling in for the closing price of $1.50. Over the past 52 weeks, XAIR has traded in a range of $1.17-$7.74.
Annual sales at Healthcare sector company slipped by -43.84% over the past five years. While this was happening, its average annual earnings per share was recorded -9.23%. With a float of $25.75 million, this company’s outstanding shares have now reached $30.74 million.
Let’s look at the performance matrix of the company that is accounted for 98 employees.
Beyond Air Inc (XAIR) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Medical Devices Industry. The insider ownership of Beyond Air Inc is 19.46%, while institutional ownership is 29.24%. The most recent insider transaction that took place on Nov 16, was worth 17,700. In this transaction Chief Operating Officer of this company bought 10,000 shares at a rate of $1.77, taking the stock ownership to the 88,150 shares. Before that another transaction happened on Aug 28, when Company’s Director bought 250,000 for $2.69, making the entire transaction worth $673,750. This insider now owns 1,225,160 shares in total.
Beyond Air Inc (XAIR) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported -$0.51 earnings per share (EPS), lower than consensus estimate (set at -$0.47) by -$0.04. This company achieved a return on equity of -100.92. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -9.23% per share during the next fiscal year.
Beyond Air Inc (NASDAQ: XAIR) Trading Performance Indicators
Take a look at Beyond Air Inc’s (XAIR) current performance indicators. Last quarter, stock had a quick ratio of 3.66. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 169.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.04, a number that is poised to hit -0.53 in the next quarter and is forecasted to reach -1.77 in one year’s time.
Technical Analysis of Beyond Air Inc (XAIR)
Beyond Air Inc (NASDAQ: XAIR) saw its 5-day average volume 0.97 million, a positive change from its year-to-date volume of 0.4 million. As of the previous 9 days, the stock’s Stochastic %D was 36.08%. Additionally, its Average True Range was 0.24.
During the past 100 days, Beyond Air Inc’s (XAIR) raw stochastic average was set at 12.19%, which indicates a significant decrease from 29.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 193.71% in the past 14 days, which was higher than the 99.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.3150, while its 200-day Moving Average is $4.4215. Nevertheless, the first resistance level for the watch stands at $1.6633 in the near term. At $1.7367, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.8333. If the price goes on to break the first support level at $1.4933, it is likely to go to the next support level at $1.3967. Assuming the price breaks the second support level, the third support level stands at $1.3233.
Beyond Air Inc (NASDAQ: XAIR) Key Stats
The company with the Market Capitalisation of 50.83 million has total of 31,972K Shares Outstanding. Its annual sales at the moment are 0 K in contrast with the sum of -55,820 K annual income. Company’s last quarter sales were recorded 60 K and last quarter income was -14,100 K.