Beyond Air Inc [NASDAQ: XAIR] price plunged by -6.49 percent to reach at -$0.03.
The one-year XAIR stock forecast points to a potential upside of 81.78. The average equity rating for XAIR stock is currently 1.40, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $2.25 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 June 25, 2024. 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 0.05, with the Price to Sales ratio for XAIR stock in the period of the last 12 months amounting to 10.30. The Price to Book ratio for the last quarter was 1.72, with the Price to Cash per share for the same quarter was set at 0.15.
XAIR Stock Performance Analysis:
Beyond Air Inc [XAIR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.95. With this latest performance, XAIR shares gained by 5.76% in over the last four-week period, additionally sinking by -3.03% over the last 6 months – not to mention a drop of -76.48% 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 50.96, with the RSI for the last a single of trading hit 52.73, and the three-weeks RSI is set at 49.72 for Beyond Air Inc [XAIR]. The present Moving Average for the last 50 days of trading for this stock 0.4253, while it was recorded at 0.4105 for the last single week of trading, and 0.6126 for the last 200 days.
Insight into Beyond Air Inc Fundamentals:
Beyond Air Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.12 and a Current Ratio set at 3.56.
XAIR Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for XAIR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Beyond Air Inc go to 45.66%.
Beyond Air Inc [XAIR] Institutonal Ownership Details
There are presently around $36.40%, or 43.52%% of XAIR stock, in the hands of institutional investors. The top three institutional holders of XAIR stocks are: AIGH CAPITAL MANAGEMENT LLC with ownership of 3.64 million shares, which is approximately 10.9736%. KINGDON CAPITAL MANAGEMENT, L.L.C., holding 1.36 million shares of the stock with an approximate value of $$0.73 million in XAIR stocks shares; and KINGDON CAPITAL MANAGEMENT, L.L.C., currently with $$0.68 million in XAIR stock with ownership which is approximately 3.8134%.
