On Tuesday, Beyond Air Inc (NASDAQ: XAIR) opened higher 22.16% from the last session, before settling in for the closing price of $0.55. Price fluctuations for XAIR have 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. Company’s average yearly earnings per share was noted 57.47% at the time writing. With a float of $61.84 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 -111.59%, operating margin of -2391.55%, and the pretax margin is -2514.86%.
Beyond Air Inc (XAIR) Insider Updates
A key investor’s attitude towards the stock of the Medical Devices industry is another important factor to consider. The insider ownership of Beyond Air Inc is 14.33%, while institutional ownership is 23.10%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.5 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.54) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 57.47% per share during the next fiscal year.
Beyond Air Inc (NASDAQ: XAIR) Trading Performance Indicators
Check out the current performance indicators for Beyond Air Inc (XAIR). In the past quarter, the stock posted a quick ratio of 5.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 20.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.41, a number that is poised to hit -0.15 in the next quarter and is forecasted to reach -0.53 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 0.61 million. That was better 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 88.25%. Additionally, its Average True Range was 0.06.
During the past 100 days, Beyond Air Inc’s (XAIR) raw stochastic average was set at 97.61%, which indicates a significant increase from 96.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.75% in the past 14 days, which was lower than the 114.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4286, while its 200-day Moving Average is $0.9188. However, in the short run, Beyond Air Inc’s stock first resistance to watch stands at $0.7121. Second resistance stands at $0.7571. The third major resistance level sits at $0.8382. If the price goes on to break the first support level at $0.5860, it is likely to go to the next support level at $0.5049. Assuming the price breaks the second support level, the third support level stands at $0.4599.
Beyond Air Inc (NASDAQ: XAIR) Key Stats
There are currently 72,188K shares outstanding in the company with a market cap of 48.14 million. Presently, the company’s annual sales total 1,160 K according to its annual income of -60,240 K. Last quarter, the company’s sales amounted to 800 K and its income totaled -13,360 K.
