Beyond Air Inc [NASDAQ: XAIR] plunged by -$0.69 during the normal trading session on while it closed the day at $0.65.
Beyond Air Inc stock has also loss -50.44% of its value over the past 7 days. However, XAIR stock has declined by -62.25% in the 3 months of the year. Over the past six months meanwhile, it has lost -69.66% and lost -66.87% year-on date.
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The market cap for XAIR stock reached $29.80 million, with 45.90 million shares outstanding and 37.65 million shares in the current float. Compared to the average trading volume of 344.51K shares, XAIR reached a trading volume of 11360284 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Beyond Air Inc [XAIR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XAIR shares is $5.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XAIR stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Beyond Air Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on Jun-26-24. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on July 28, 2023, representing the official price target for Beyond Air Inc stock. Previously, the target price had yet another raise to $15, while BTIG Research analysts kept a Buy rating on XAIR stock.
The Average True Range (ATR) for Beyond Air Inc is set at 0.16, with the Price to Sales ratio for XAIR stock in the period of the last 12 months amounting to 25.69. The Price to Book ratio for the last quarter was 1.19, with the Price to Cash per share for the same quarter was set at 0.76.
XAIR stock trade performance evaluation
Beyond Air Inc [XAIR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -50.44. With this latest performance, XAIR shares dropped by -40.70% in over the last four-week period, additionally sinking by -69.66% over the last 6 months – not to mention a drop of -85.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for XAIR stock in for the last two-week period is set at 27.67, with the RSI for the last a single of trading hit 22.54, and the three-weeks RSI is set at 31.48 for Beyond Air Inc [XAIR]. The present Moving Average for the last 50 days of trading for this stock 1.2156, while it was recorded at 1.1599 for the last single week of trading, and 1.7452 for the last 200 days.
Beyond Air Inc [XAIR]: An insightful look at the core fundamentals
Beyond Air Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.61 and a Current Ratio set at 3.80.
Beyond Air Inc [XAIR]: Institutional Ownership
The top three institutional holders of XAIR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in XAIR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in XAIR stock with ownership which is approximately 5.8386%.
