In the past week, XAIR stock has gone down by -2.46%, with a monthly decline of -25.62% and a quarterly plunge of -31.61%. The volatility ratio for the week is 10.98%, and the volatility levels for the last 30 days are 12.58% for Beyond Air Inc The simple moving average for the last 20 days is -4.59% for XAIR’s stock, with a simple moving average of -42.24% for the last 200 days.
Is It Worth Investing in Beyond Air Inc (NASDAQ: XAIR) Right Now?
Moreover, the 36-month beta value for XAIR is -0.01. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for XAIR is 35.39M and currently, short sellers hold a 9.06% of that float. On May 10, 2024, XAIR’s average trading volume was 302.18K shares.
XAIR) stock’s latest price update
Beyond Air Inc (NASDAQ: XAIR) has experienced a decline in its stock price by -7.75 compared to its previous closing price of 1.29. However, the company has seen a fall of -2.46% in its stock price over the last five trading days. 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 -21.40% 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 -81.29% of loss for the given period.
Volatility was left at 12.58%, however, over the last 30 days, the volatility rate increased by 10.98%, as shares sank -20.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.95% lower at present.
During the last 5 trading sessions, XAIR fell by -2.46%, which changed the moving average for the period of 200-days by -65.90% in comparison to the 20-day moving average, which settled at $1.2318. In addition, Beyond Air Inc saw -39.29% 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 91.94. 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
To wrap up, the performance of Beyond Air Inc (XAIR) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
