Beyond Air Stock Probability of Future Stock Price Finishing Over 0.56
| XAIR Stock | USD 0.54 0.02 3.85% |
Beyond |
Beyond Air Target Price Odds to finish over 0.56
The tendency of Beyond Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 0.56 or more in 90 days |
| 0.54 | 90 days | 0.56 | about 1.11 |
Based on a normal probability distribution, the odds of Beyond Air to move over $ 0.56 or more in 90 days from now is about 1.11 (This Beyond Air probability density function shows the probability of Beyond Stock to fall within a particular range of prices over 90 days) . Probability of Beyond Air price to stay between its current price of $ 0.54 and $ 0.56 at the end of the 90-day period is about 1.39 .
Given the investment horizon of 90 days Beyond Air has a beta of 0.96. This entails Beyond Air market returns are sensible to returns on the market. As the market goes up or down, Beyond Air is expected to follow. Additionally Beyond Air has an alpha of 0.3259, implying that it can generate a 0.33 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Beyond Air Price Density |
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Predictive Modules for Beyond Air
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Beyond Air. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Beyond Air Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Beyond Air is not an exception. The market had few large corrections towards the Beyond Air's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Beyond Air, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Beyond Air within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | 0.33 | |
β | Beta against Dow Jones | 0.96 | |
σ | Overall volatility | 0.06 | |
Ir | Information ratio | 0.05 |
Beyond Air Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Beyond Air for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Beyond Air can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Beyond Air is way too risky over 90 days horizon | |
| Beyond Air has some characteristics of a very speculative penny stock | |
| Beyond Air appears to be risky and price may revert if volatility continues | |
| Beyond Air has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 1.16 M. Net Loss for the year was (60.24 M) with profit before overhead, payroll, taxes, and interest of 873.19 K. | |
| Beyond Air currently holds about 72.77 M in cash with (56.01 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.43, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Beyond Air has a very weak financial position based on the latest SEC disclosures | |
| Roughly 16.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Beyond Air Stock Slides After Q2 Earnings Beat, Retails Confident - MSN |
Beyond Air Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Beyond Stock often depends not only on the future outlook of the current and potential Beyond Air's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Beyond Air's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 33.2 M | |
| Cash And Short Term Investments | 34.5 M |
Beyond Air Technical Analysis
Beyond Air's future price can be derived by breaking down and analyzing its technical indicators over time. Beyond Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Beyond Air. In general, you should focus on analyzing Beyond Stock price patterns and their correlations with different microeconomic environments and drivers.
Beyond Air Predictive Forecast Models
Beyond Air's time-series forecasting models is one of many Beyond Air's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Beyond Air's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Beyond Air
Checking the ongoing alerts about Beyond Air for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Beyond Air help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Beyond Air is way too risky over 90 days horizon | |
| Beyond Air has some characteristics of a very speculative penny stock | |
| Beyond Air appears to be risky and price may revert if volatility continues | |
| Beyond Air has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 1.16 M. Net Loss for the year was (60.24 M) with profit before overhead, payroll, taxes, and interest of 873.19 K. | |
| Beyond Air currently holds about 72.77 M in cash with (56.01 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.43, which can makes it an attractive takeover target, given it will continue generating positive cash flow. | |
| Beyond Air has a very weak financial position based on the latest SEC disclosures | |
| Roughly 16.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Beyond Air Stock Slides After Q2 Earnings Beat, Retails Confident - MSN |
Additional Tools for Beyond Stock Analysis
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.