Beyond Air Inc [NASDAQ: XAIR] price surged by 5685926 percent to reach at $3059999.81.
A sum of 5685926 shares traded at recent session while its average daily volume was at 3.06M shares. Beyond Air Inc shares reached a high of $0.1887 and dropped to a low of $0.1525 until finishing in the latest session at $3060000.0.
The one-year XAIR stock forecast points to a potential downside of -135999900.0. The average equity rating for XAIR stock is currently 1.00, 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 1.00. 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 Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 0.08.
XAIR Stock Performance Analysis:
Beyond Air Inc [XAIR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -38.74. With this latest performance, XAIR shares dropped by -8.11% in over the last four-week period, additionally sinking by -58.04% over the last 6 months – not to mention a drop of -51.30% in the past year of trading.
Insight into Beyond Air Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Beyond Air Inc [XAIR] shares currently have an operating margin of -1202.11% and a Gross Margin at -44.89%. Beyond Air Inc’s Net Margin is presently recorded at -1258.46%.
Return on Equity for this stock declined to -107.16%, with Return on Assets sitting at -107.16%.
Beyond Air Inc [XAIR] Institutonal Ownership Details
There are presently around $20.73%, or 23.94% 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%.
