Beyond Air Inc (NASDAQ: XAIR) on Tuesday, plunged -4.53% from the previous trading day, before settling in for the closing price of $0.44. Within the past 52 weeks, XAIR’s price has moved between $0.30 and $2.36.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Healthcare sector was -43.84%. The company achieved an average annual earnings per share of 57.51%. With a float of $61.84 million, this company’s outstanding shares have now reached $72.19 million.
Considering the fact that the conglomerate employs 107 people, you should pay attention to its efficiency factor. 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 Activity
Observing investor behavior towards Medical Devices industry stocks is more important than anything else. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 57.51% per share during the next fiscal year.
Beyond Air Inc (NASDAQ: XAIR) Trading Performance Indicators
Beyond Air Inc (XAIR) is currently performing well based on its current performance indicators. A quick ratio of 5.38 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.00.
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)
Compared to the last year’s volume of 0.56 million, its volume of 0.5 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 21.98%. Additionally, its Average True Range was 0.05.
During the past 100 days, Beyond Air Inc’s (XAIR) raw stochastic average was set at 32.97%, which indicates a significant increase from 17.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.99% in the past 14 days, which was lower than the 118.45% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4703, while its 200-day Moving Average is $0.7863. Nevertheless, the first resistance level for the watch stands at $0.4424 in the near term. At $0.4635, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.4772. If the price goes on to break the first support level at $0.4076, it is likely to go to the next support level at $0.3939. Should the price break the second support level, the third support level stands at $0.3728.
Beyond Air Inc (NASDAQ: XAIR) Key Stats
Market capitalization of the company is 30.42 million based on 72,188K outstanding shares. Right now, sales total 1,160 K and income totals -60,240 K. The company made 800 K in profit during its latest quarter, and -13,360 K in sales during its previous quarter.
