Beyond Air Inc (NASDAQ: XAIR) has experienced a rise in its stock price by 7.27 compared to its previous closing price of 0.36. However, the company has seen a gain of 12.14% in its stock price over the last five trading days. accesswire.com reported 2024-10-15 that Initial Order for All 20 of the Chain’s Restaurants is Beyond Oil’s First Direct Sale in Western Europe VANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / October 15, 2024 / Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF) (“Beyond Oil” or the “Company”), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability, is pleased to announce that it has hit another commercial milestone with its first direct purchase order in Western Europe.
Is It Worth Investing in Beyond Air Inc (NASDAQ: XAIR) Right Now?
XAIR has 36-month beta value of -0.12. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for XAIR is 36.18M, and currently, short sellers hold a 2.98% ratio of that float. The average trading volume of XAIR on October 23, 2024 was 541.69K shares.
XAIR’s Market Performance
The stock of Beyond Air Inc (XAIR) has seen a 12.14% increase in the past week, with a 2.50% rise in the past month, and a -33.48% fall in the past quarter. The volatility ratio for the week is 9.02%, and the volatility levels for the past 30 days are at 16.35% for XAIR. The simple moving average for the past 20 days is 7.80% for XAIR’s stock, with a -63.69% simple moving average for the past 200 days.
Analysts’ Opinion of XAIR
Piper Sandler, on the other hand, stated in their research note that they expect to see XAIR reach a price target of $10. The rating they have provided for XAIR stocks is “Overweight” according to the report published on July 28th, 2023.
BTIG Research gave a rating of “Buy” to XAIR, setting the target price at $15 in the report published on June 15th of the previous year.
XAIR Trading at -2.52% 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 -85.25% of loss for the given period.
Volatility was left at 16.35%, however, over the last 30 days, the volatility rate increased by 9.02%, as shares surge +2.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.57% lower at present.
During the last 5 trading sessions, XAIR rose by +12.14%, which changed the moving average for the period of 200-days by -78.12% in comparison to the 20-day moving average, which settled at $0.3573. In addition, Beyond Air Inc saw -80.35% 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 Carey Robert, who purchase 1,476,626 shares at the price of $0.50 back on Sep 26 ’24. After this action, Carey Robert now owns 1,476,626 shares of Beyond Air Inc, valued at $744,662 using the latest closing price.
Lisi Steven A., the CEO and Chairman of the Board of Beyond Air Inc, purchase 1,476,626 shares at $0.50 during a trade that took place back on Sep 26 ’24, which means that Lisi Steven A. is holding 3,249,411 shares at $744,662 based on the most recent closing price.
Stock Fundamentals for XAIR
Current profitability levels for the company are sitting at:
- -34.05 for the present operating margin
- -0.97 for the gross margin
The net margin for Beyond Air Inc stands at -32.72. The total capital return value is set at -1.75. Equity return is now at value -226.22, with -97.62 for asset returns.
Based on Beyond Air Inc (XAIR), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at -3.08. The debt to equity ratio resting at 0.99. The interest coverage ratio of the stock is -16.33.
Currently, EBITDA for the company is -60.66 million with net debt to EBITDA at -0.23. When we switch over and look at the enterprise to sales, we see a ratio of 17.51. The receivables turnover for the company is 2.73for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.63.
Conclusion
To put it simply, Beyond Air Inc (XAIR) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
