Beyond Air Stock Technical Analysis

XAIR Stock  USD 1.37  0.02  1.44%   
As of the 19th of May, Beyond Air shows the Mean Deviation of 4.19, standard deviation of 5.3, and Risk Adjusted Performance of (0.03). In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Beyond Air, as well as the relationship between them. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to collect and analyze data for thirteen technical drivers for Beyond Air, which can be compared to its peers. Please confirm Beyond Air market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Beyond Air is priced correctly, providing market reflects its regular price of 1.37 per share. Given that Beyond Air is a hitting penny stock territory we recommend to closely look at its jensen alpha.

Beyond Air Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Beyond, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Beyond
  
Beyond Air's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Beyond Air Analyst Consensus

Target PriceAdvice# of Analysts
14.17Strong Buy5Odds
Beyond Air current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Beyond analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Beyond stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Beyond Air, talking to its executives and customers, or listening to Beyond conference calls.
Beyond Analyst Advice Details
Beyond Air technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Beyond Air technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Beyond Air trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Beyond Air Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was two with a total number of output elements of fifty-nine. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Beyond Air volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Beyond Air Trend Analysis

Use this graph to draw trend lines for Beyond Air. You can use it to identify possible trend reversals for Beyond Air as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Beyond Air price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Beyond Air Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Beyond Air applied against its price change over selected period. The best fit line has a slop of   0.01  , which may suggest that Beyond Air market price will keep on failing further. It has 122 observation points and a regression sum of squares at 6.41, which is the sum of squared deviations for the predicted Beyond Air price change compared to its average price change.

About Beyond Air Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Beyond Air on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Beyond Air based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Beyond Air price pattern first instead of the macroeconomic environment surrounding Beyond Air. By analyzing Beyond Air's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Beyond Air's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Beyond Air specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2010 2022 2023 2024 (projected)
Payables Turnover0.520.280.320.44
Days Of Inventory On Hand217.26742.5668.25383.9

Beyond Air May 19, 2024 Technical Indicators

Most technical analysis of Beyond help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Beyond from various momentum indicators to cycle indicators. When you analyze Beyond charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Beyond Air is a strong investment it is important to analyze Beyond Air's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Beyond Air's future performance. For an informed investment choice regarding Beyond Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Beyond Air. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
To learn how to invest in Beyond Stock, please use our How to Invest in Beyond Air guide.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.

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When running Beyond Air's price analysis, check to measure Beyond Air's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Beyond Air is operating at the current time. Most of Beyond Air's value examination focuses on studying past and present price action to predict the probability of Beyond Air's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Beyond Air's price. Additionally, you may evaluate how the addition of Beyond Air to your portfolios can decrease your overall portfolio volatility.
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Is Beyond Air's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Beyond Air. If investors know Beyond will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Beyond Air listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.13)
Revenue Per Share
0.022
Quarterly Revenue Growth
(0.53)
Return On Assets
(0.64)
Return On Equity
(1.80)
The market value of Beyond Air is measured differently than its book value, which is the value of Beyond that is recorded on the company's balance sheet. Investors also form their own opinion of Beyond Air's value that differs from its market value or its book value, called intrinsic value, which is Beyond Air's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Beyond Air's market value can be influenced by many factors that don't directly affect Beyond Air's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Beyond Air's value and its price as these two are different measures arrived at by different means. Investors typically determine if Beyond Air is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Beyond Air's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.