At the time of writing, Beyond Air Inc [XAIR] stock is trading at $0.40, down -5.45%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The XAIR shares have gain 2.84% over the last week, with a monthly amount drifted -2.68%, and not 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.
For the past year, the stock price of Beyond Air Inc fluctuated between $0.30 and $2.61. Currently, Wall Street analysts expect the stock to reach $1 within the next 12 months. Beyond Air Inc [NASDAQ: XAIR] shares were valued at $0.40 at the most recent close of the market. An investor can expect a potential return of 150.0% based on the average XAIR price forecast.
Analyzing the XAIR fundamentals
According to Beyond Air Inc [NASDAQ:XAIR], the company’s sales were 1.78M for trailing twelve months, which represents an 1057.63% jump. Gross Profit Margin for this corporation currently stands at -0.97% with Operating Profit Margin at -34.05%, Pretax Profit Margin comes in at -34.94%, and Net Profit Margin reading is -32.72%. To continue investigating profitability, this company’s Return on Assets is posted at -1.25, Equity is -2.66 and Total Capital is -1.75. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.99.
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 0.3795 points at the first support level, and at 0.3601 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4289, and for the 2nd resistance point, it is at 0.4589.
Ratios To Look Out For
It is important to note that Beyond Air Inc [NASDAQ:XAIR] has a current ratio of 2.63. As well, the Quick Ratio is 2.42, while the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 10.43, the price to book ratio is 1.14.
Transactions by insiders
Recent insider trading involved Carey Robert, Director, that happened on Sep 26 ’24 when 1.48 million shares were purchased. CEO and Chairman of the Board, Lisi Steven A. completed a deal on Sep 26 ’24 to buy 1.48 million shares. Meanwhile, Officer Avniel Amir bought 0.18 million shares on Aug 22 ’24.
