A new trading day began on Monday, with Beyond Air Inc (NASDAQ: XAIR) stock price down -6.05% from the previous day of trading, before settling in for the closing price of $0.38. XAIR’s price has ranged from $0.30 to $2.17 over the past 52 weeks.
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Annual sales at Healthcare sector company slipped by -43.84% over the past five years. Meanwhile, its annual earnings per share averaged 56.30%. With a float of $61.84 million, this company’s outstanding shares have now reached $72.19 million.
Let’s look at the performance matrix of the company that is accounted for 107 employees. 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
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 14.33%, while institutional ownership is 23.43%. 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 56.30% 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 5.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.70.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.41, a number that is poised to hit -0.16 in the next quarter and is forecasted to reach -0.54 in one year’s time.
Technical Analysis of Beyond Air Inc (XAIR)
Beyond Air Inc (NASDAQ: XAIR) saw its 5-day average volume 0.55 million, a negative change from its year-to-date volume of 1.28 million. As of the previous 9 days, the stock’s Stochastic %D was 15.42%. Additionally, its Average True Range was 0.05.
During the past 100 days, Beyond Air Inc’s (XAIR) raw stochastic average was set at 16.84%, which indicates a significant decrease from 19.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.67% in the past 14 days, which was lower than the 111.12% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4422, while its 200-day Moving Average is $0.6374. Nevertheless, the first resistance level for the watch stands at $0.3846 in the near term. At $0.4093, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.4363. If the price goes on to break the first support level at $0.3329, it is likely to go to the next support level at $0.3059. The third support level lies at $0.2812 if the price breaches the second support level.
Beyond Air Inc (NASDAQ: XAIR) Key Stats
With a market capitalization of 27.37 million, the company has a total of 72,188K Shares Outstanding. Currently, annual sales are 1,160 K while annual income is -60,240 K. The company’s previous quarter sales were 800 K while its latest quarter income was -13,360 K.
