The stock of Beyond Air Inc (XAIR) has gone down by 0.00% for the week, with a -25.58% drop in the past month and a -5.88% drop in the past quarter. The volatility ratio for the week is 17.02%, and the volatility levels for the past 30 days are 10.62% for XAIR. The simple moving average for the last 20 days is -13.95% for XAIR stock, with a simple moving average of -42.14% for the last 200 days.
Is It Worth Investing in Beyond Air Inc (NASDAQ: XAIR) Right Now?
The 36-month beta value for XAIR is at -0.10. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for XAIR is 35.39M, and currently, shorts hold a 9.88% of that float. The average trading volume for XAIR on April 25, 2024 was 306.75K shares.
XAIR) stock’s latest price update
Beyond Air Inc (NASDAQ: XAIR) has seen a rise in its stock price by 5.79 in relation to its previous close of 1.21. Zacks Investment Research reported 2024-03-21 that Beyond Air (XAIR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Analysts’ Opinion of XAIR
Many brokerage firms have already submitted their reports for XAIR stocks, with Piper Sandler repeating the rating for XAIR by listing it as a “Overweight.” The predicted price for XAIR in the upcoming period, according to Piper Sandler is $10 based on the research report published on July 28, 2023 of the previous year 2023.
BTIG Research, on the other hand, stated in their research note that they expect to see XAIR reach a price target of $15. The rating they have provided for XAIR stocks is “Buy” according to the report published on June 15th, 2023.
Truist gave a rating of “Buy” to XAIR, setting the target price at $12 in the report published on April 28th of the previous year.
XAIR Trading at -23.25% from the 50-Day Moving Average
After a stumble in the market that brought XAIR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -79.87% of loss for the given period.
Volatility was left at 10.62%, however, over the last 30 days, the volatility rate increased by 17.02%, as shares sank -24.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -40.47% lower at present.
During the last 5 trading sessions, XAIR remain unchanged, which changed the moving average for the period of 200-days by -68.93% in comparison to the 20-day moving average, which settled at $1.4670. In addition, Beyond Air Inc saw -34.69% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at XAIR starting from Avniel Amir, who sale 13,733 shares at the price of $2.05 back on Dec 28 ’23. After this action, Avniel Amir now owns 0 shares of Beyond Air Inc, valued at $28,217 using the latest closing price.
Avniel Amir, the Chief Business Officer of Beyond Air Inc, sale 11,267 shares at $2.06 during a trade that took place back on Dec 28 ’23, which means that Avniel Amir is holding 685,760 shares at $23,234 based on the most recent closing price.
Stock Fundamentals for XAIR
Current profitability levels for the company are sitting at:
- -92.61 for the present operating margin
- -2.07 for the gross margin
The net margin for Beyond Air Inc stands at -96.81. The total capital return value is set at -1.58. Equity return is now at value -185.90, with -105.99 for asset returns.
Based on Beyond Air Inc (XAIR), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at -3.6. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is -33.96.
Currently, EBITDA for the company is -50.89 million with net debt to EBITDA at -0.14. When we switch over and look at the enterprise to sales, we see a ratio of 97.94. The receivables turnover for the company is 1.29for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.39.
Conclusion
In conclusion, Beyond Air Inc (XAIR) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
