Beyond Air Inc (NASDAQ: XAIR) kicked off on Friday, down -4.01% from the previous trading day, before settling in for the closing price of $0.38. Over the past 52 weeks, XAIR has traded in a range of $0.36-$2.62.
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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 44.07%. With a float of $37.65 million, this company’s outstanding shares have now reached $45.90 million.
Let’s look at the performance matrix of the company that is accounted for 107 employees.
Beyond Air Inc (XAIR) Insider and Institutional Ownership
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 19.06%, while institutional ownership is 25.96%. The most recent insider transaction that took place on Aug 22 ’24, was worth 83,442. Before that another transaction happened on Aug 15 ’24, when Company’s CEO and Chairman of the Board bought 50,000 for $0.37, making the entire transaction worth $18,340. This insider now owns 1,772,785 shares in total.
Beyond Air Inc (XAIR) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 44.07% 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 2.42. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 9.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.63, a number that is poised to hit -0.28 in the next quarter and is forecasted to reach -0.71 in one year’s time.
Technical Analysis of Beyond Air Inc (XAIR)
Beyond Air Inc (NASDAQ: XAIR) saw its 5-day average volume 0.71 million, a positive change from its year-to-date volume of 0.5 million. As of the previous 9 days, the stock’s Stochastic %D was 28.61%. Additionally, its Average True Range was 0.04.
During the past 100 days, Beyond Air Inc’s (XAIR) raw stochastic average was set at 4.56%, which indicates a significant decrease from 44.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.91% in the past 14 days, which was lower than the 147.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4558, while its 200-day Moving Average is $1.1874. Nevertheless, the first resistance level for the watch stands at $0.3925 in the near term. At $0.4210, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.4620. If the price goes on to break the first support level at $0.3230, it is likely to go to the next support level at $0.2820. The third support level lies at $0.2535 if the price breaches the second support level.
Beyond Air Inc (NASDAQ: XAIR) Key Stats
The company with the Market Capitalisation of 16.93 million has total of 45,901K Shares Outstanding. Its annual sales at the moment are 1,160 K in contrast with the sum of -60,240 K annual income. Company’s last quarter sales were recorded 680 K and last quarter income was -12,200 K.
