Beyond Air Inc [NASDAQ: XAIR] slipped around 0.0 points on Tuesday, while shares priced at $0.23 at the close of the session, down -0.56%.
Compared to the average trading volume of 1.51M shares, XAIR reached a trading volume of 14029751 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $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 0.02, with the Price to Sales ratio for XAIR stock in the period of the last 12 months amounting to 6.72. The Price to Book ratio for the last quarter was 0.97, with the Price to Cash per share for the same quarter was set at 0.13.
How has XAIR stock performed recently?
Beyond Air Inc [XAIR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.75. With this latest performance, XAIR shares dropped by -14.28% in over the last four-week period, additionally sinking by -33.36% over the last 6 months – not to mention a drop of -80.68% 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 39.81, with the RSI for the last a single of trading hit 40.04, and the three-weeks RSI is set at 40.06 for Beyond Air Inc [XAIR]. The present Moving Average for the last 50 days of trading for this stock 0.2835, while it was recorded at 0.2322 for the last single week of trading, and 0.4075 for the last 200 days.
Beyond Air Inc [XAIR]: Deeper insight into the 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.
Earnings analysis for Beyond Air Inc [XAIR]
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%.
Insider trade positions for Beyond Air Inc [XAIR]
There are presently around $23.39%, or 27.20%% 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 3.9638%. 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 1.3774%.
