Beyond Air Inc [XAIR] stock is trading at $0.64, up 1.13%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The XAIR shares have gain 11.87% over the last week, with a monthly amount glided 0.16%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Beyond Air Inc [NASDAQ: XAIR] stock has seen the most recent analyst activity on June 25, 2024, when BTIG Research downgraded its rating to a Neutral. Previously, Piper Sandler started tracking the stock with Overweight rating on July 28, 2023, and set its price target to $10. On June 15, 2023, BTIG Research initiated with a Buy rating and assigned a price target of $15 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $12 on April 28, 2021. Oppenheimer initiated its recommendation with a Outperform and recommended $9 as its price target on October 22, 2019.
Beyond Air Inc [XAIR] stock has fluctuated between $0.53 and $3.90 over the past year. Beyond Air Inc [NASDAQ: XAIR] shares were valued at $0.64 at the most recent close of the market.
Analyzing the XAIR fundamentals
Gross Profit Margin for this corporation currently stands at -1.41% with Operating Profit Margin at -54.36%, Pretax Profit Margin comes in at -55.47%, and Net Profit Margin reading is -51.98%. To continue investigating profitability, this company’s Return on Assets is posted at -1.06, Equity is -2.25 and Total Capital is -1.39. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6110 points at the first support level, and at 0.5868 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6606, and for the 2nd resistance point, it is at 0.6860.
Ratios To Look Out For
For context, Beyond Air Inc’s Current Ratio is 3.80. Further, the Quick Ratio stands at 3.61, while the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 25.13, the price to book ratio is 1.16.
Transactions by insiders
Recent insider trading involved Avniel Amir, Chief Business Officer, that happened on Dec 28 ’23 when 13733.0 shares were sold. Chief Business Officer, Avniel Amir completed a deal on Dec 28 ’23 to sell 11267.0 shares. Meanwhile, Chief Medical Officer Myers Jeff Lynn sold 3423.0 shares on Dec 27 ’23.
