A new trading day began on Monday, with Beyond Air Inc (NASDAQ: XAIR) stock price up 7.64% from the previous day of trading, before settling in for the closing price of $0.47. XAIR’s price has ranged from $0.30 to $2.36 over the past 52 weeks.
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A company in the Healthcare sector has dropped its sales by -43.84% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 48.13%. With a float of $56.14 million, this company’s outstanding shares have now reached $72.19 million.
In an organization with 107 employees, it is important to assess its efficiency. In terms of profitability, gross margin is -96.61%, operating margin of -3405.1%, and the pretax margin is -3493.83%.
Beyond Air Inc (XAIR) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Medical Devices Industry. The insider ownership of Beyond Air Inc is 22.24%, while institutional ownership is 24.57%. The most recent insider transaction that took place on Sep 26 ’24, was worth 744,662. In this transaction Director of this company bought 1,476,626 shares at a rate of $0.50, taking the stock ownership to the 1,476,626 shares. Before that another transaction happened on Sep 26 ’24, when Company’s CEO and Chairman of the Board bought 1,476,626 for $0.50, making the entire transaction worth $744,662. This insider now owns 3,249,411 shares in total.
Beyond Air Inc (XAIR) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.51 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.24 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 48.13% per share during the next fiscal year.
Beyond Air Inc (NASDAQ: XAIR) Trading Performance Indicators
Here are Beyond Air Inc’s current performance indicators. According to the last quarter’s results, the 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 19.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.63, a number that is poised to hit -0.24 in the next quarter and is forecasted to reach -0.61 in one year’s time.
Technical Analysis of Beyond Air Inc (XAIR)
Let’s dig in a bit further. During the last 5-days, its volume was 0.53 million. That was inferior than the volume of 0.55 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 45.12%. Additionally, its Average True Range was 0.06.
During the past 100 days, Beyond Air Inc’s (XAIR) raw stochastic average was set at 18.01%, which indicates a significant decrease from 65.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 121.98% in the past 14 days, which was lower than the 161.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4026, while its 200-day Moving Average is $0.9879. However, in the short run, Beyond Air Inc’s stock first resistance to watch stands at $0.5331. Second resistance stands at $0.5562. The third major resistance level sits at $0.5873. If the price goes on to break the first support level at $0.4789, it is likely to go to the next support level at $0.4478. The third support level lies at $0.4247 if the price breaches the second support level.
Beyond Air Inc (NASDAQ: XAIR) Key Stats
With a market capitalization of 34.30 million, the company has a total of 47,188K Shares Outstanding. Currently, annual sales are 1,160 K while annual income is -60,240 K. The company’s previous quarter sales were 680 K while its latest quarter income was -12,200 K.
