Beyond Air Inc (NASDAQ: XAIR) on Monday, plunged -6.30% from the previous trading day, before settling in for the closing price of $0.39. Within the past 52 weeks, XAIR’s price has moved between $0.30 and $2.17.
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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. 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.
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 and Institutional Ownership
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) Latest Financial update
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 57.51% 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 11.19.
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 1.95 million. That was better than the volume of 1.73 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 29.00%. Additionally, its Average True Range was 0.06.
During the past 100 days, Beyond Air Inc’s (XAIR) raw stochastic average was set at 17.52%, which indicates a significant decrease from 17.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 106.06% in the past 14 days, which was lower than the 110.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4720, while its 200-day Moving Average is $0.7195. However, in the short run, Beyond Air Inc’s stock first resistance to watch stands at $0.3831. Second resistance stands at $0.4035. The third major resistance level sits at $0.4251. If the price goes on to break the first support level at $0.3411, it is likely to go to the next support level at $0.3195. The third support level lies at $0.2991 if the price breaches the second support level.
Beyond Air Inc (NASDAQ: XAIR) Key Stats
Market capitalization of the company is 26.18 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.
