While Beyond Air Inc has underperformed by -1.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, XAIR fell by -67.03%, with highs and lows ranging from $2.36 to $0.30, whereas the simple moving average fell by -43.93% in the last 200 days.
On June 25, 2024, BTIG Research Downgraded Beyond Air Inc (NASDAQ: XAIR) to Neutral. A report published by Piper Sandler on July 28, 2023, Initiated its previous ‘Overweight’ rating for XAIR. BTIG Research also rated XAIR shares as ‘Buy’, setting a target price of $15 on the company’s shares in an initiating report dated June 15, 2023. Truist Initiated an Buy rating on April 28, 2021, and assigned a price target of $12. Oppenheimer initiated its ‘Outperform’ rating for XAIR, as published in its report on October 22, 2019.
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Analysis of Beyond Air Inc (XAIR)
Further, the quarter-over-quarter increase in sales is 233.89%, showing a positive trend in the upcoming months.
One of the most important indicators of Beyond Air Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -205.99% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.38, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and XAIR is recording 694.76K average volume. On a monthly basis, the volatility of the stock is set at 12.50%, whereas on a weekly basis, it is put at 9.95%, with a loss of -5.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.50, showing growth from the present price of $0.49, which can serve as yet another indication of whether XAIR is worth investing in or should be passed over.
How Do You Analyze Beyond Air Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 14.33%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 23.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
XAIR shares are owned by institutional investors to the tune of 23.10% at present.
