Currently, there are 74.33M common shares owned by the public and among those 65.13M shares have been available to trade.
The company’s stock has a 5-day price change of 4.95% and -19.56% over the past three months. XAIR shares are trading 14.17% year to date (YTD), with the 12-month market performance down to -76.48% lower. It has a 12-month low price of $0.30 and touched a high of $2.17 over the same period. XAIR has an average intraday trading volume of 1.39 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.02%, -3.75%, and -33.18% respectively.
Institutional ownership of Beyond Air Inc (NASDAQ: XAIR) shares accounts for 18.61% of the company’s 74.33M shares outstanding.
It has a market capitalization of $36.13M and a beta (3y monthly) value of 0.11. The earnings-per-share (ttm) stands at -$1.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.77% over the week and 12.23% over the month.
Analysts forecast that Beyond Air Inc (XAIR) will achieve an EPS of 0 for the current quarter, 0 for the next quarter and 0 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0 while analysts give the company a high EPS estimate of 0. Earnings per share for the fiscal year are expected to increase by 59.89%, and 47.95% over the next financial year. EPS should grow at an annualized rate of 45.66% over the next five years, compared to -18.68% over the past 5-year period.
Piper Sandler coverage for the Beyond Air Inc (XAIR) stock in a research note released on July 28, 2023 offered a Overweight rating with a price target of $10. BTIG Research was of a view on June 15, 2023 that the stock is Buy, while Truist gave the stock Buy rating on April 28, 2021, issuing a price target of $12. Oppenheimer on their part issued Outperform rating on October 22, 2019.
