Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Beyond Air Inc’s current trading price is -81.15% away from its 52-week high, while its distance from the 52-week low is 38.18%. The stock’s price range during this period has varied between $0.30 and $2.17. The company, active in the Healthcare sector, saw a trading volume of around 2.35 million for the day, considerably higher average daily volume of 1.16 million observed over the last three months.
Beyond Air Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $2.17 on 02/12/24, and the lowest price during the same period was recorded at $0.30 on 10/01/24.
How Financial Performance Impacts Market Capitalization
Beyond Air Inc (XAIR) has experienced a quarterly rise of 22.79% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 29.52M and boasts a workforce of 107 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 0.4294, with a change in price of -0.0468. Similarly, Beyond Air Inc recorded 957,672 in trading volume during the last 100 days, posting a change of -10.09%.
How XAIR’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for XAIR stands at 0.63. Similarly, the long-term debt-to-equity ratio is also 0.61.
XAIR Stock Stochastic Average
As of today, the raw stochastic average of Beyond Air Inc over the past 50 days is 27.30%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 40.50%. Additionally, the Stochastic %K and %D values for the company were 26.43% and 20.59%, respectively, over the past 20 days.
XAIR Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a gain of 14.09%.However, over the last six months, we can see a stronger performance of -25.36%. Over the last 30 days, the price of XAIR has leaped by -11.13%. And in the last five days, it has surged by 5.68%.
