Beyond Air Stock EBITDA
| XAIR Stock | USD 0.55 0.01 1.85% |
Beyond Air fundamentals help investors to digest information that contributes to Beyond Air's financial success or failures. It also enables traders to predict the movement of Beyond Stock. The fundamental analysis module provides a way to measure Beyond Air's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Beyond Air stock.
| Last Reported | Projected for Next Year | ||
| EBITDA | -59 M | -56.1 M |
Beyond | EBITDA |
Beyond Air Company EBITDA Analysis
Beyond Air's EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Current Beyond Air EBITDA | (59.03 M) |
Most of Beyond Air's fundamental indicators, such as EBITDA, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Beyond Air is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Beyond EBITDA Driver Correlations
Understanding the fundamental principles of building solid financial models for Beyond Air is extremely important. It helps to project a fair market value of Beyond Stock properly, considering its historical fundamentals such as EBITDA. Since Beyond Air's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Beyond Air's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Beyond Air's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
| Competition |
Beyond Ebitda
According to the company disclosure, Beyond Air reported earnings before interest,tax, depreciation and amortization of (59.03 Million). This is 106.73% lower than that of the Health Care Equipment & Supplies sector and 109.19% lower than that of the Health Care industry. The ebitda for all United States stocks is 101.51% higher than that of the company.
Beyond EBITDA Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Beyond Air's direct or indirect competition against its EBITDA to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Beyond Air could also be used in its relative valuation, which is a method of valuing Beyond Air by comparing valuation metrics of similar companies.Beyond Air is currently under evaluation in ebitda category among its peers.
Beyond Air Institutional Holders
Institutional Holdings refers to the ownership stake in Beyond Air that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Beyond Air's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Beyond Air's value.| Shares | Goldman Sachs Group Inc | 2024-06-30 | 223.6 K | State Street Corp | 2024-06-30 | 154.3 K | Northern Trust Corp | 2024-09-30 | 134.6 K | Advisor Group Holdings, Inc. | 2024-06-30 | 129.6 K | Citadel Advisors Llc | 2024-09-30 | 100.7 K | Millennium Management Llc | 2024-06-30 | 89.2 K | Jane Street Group Llc | 2024-06-30 | 87.8 K | Goss Wealth Management Llc | 2024-06-30 | 75.1 K | Qube Research & Technologies | 2024-06-30 | 58.6 K | Aigh Capital Management, Llc | 2024-09-30 | 3.6 M | Soros Fund Management Llc | 2024-09-30 | 1.5 M |
Beyond Fundamentals
| Return On Equity | -2.19 | ||||
| Return On Asset | -0.63 | ||||
| Operating Margin | (19.88) % | ||||
| Current Valuation | 23.8 M | ||||
| Shares Outstanding | 72.19 M | ||||
| Shares Owned By Insiders | 16.35 % | ||||
| Shares Owned By Institutions | 36.39 % | ||||
| Number Of Shares Shorted | 1.45 M | ||||
| Price To Book | 1.39 X | ||||
| Price To Sales | 22.11 X | ||||
| Revenue | 1.16 M | ||||
| Gross Profit | 873.19 K | ||||
| EBITDA | (59.03 M) | ||||
| Net Income | (60.24 M) | ||||
| Cash And Equivalents | 72.77 M | ||||
| Cash Per Share | 2.43 X | ||||
| Total Debt | 17.84 M | ||||
| Debt To Equity | 0.05 % | ||||
| Current Ratio | 8.41 X | ||||
| Book Value Per Share | 0.55 X | ||||
| Cash Flow From Operations | (56.01 M) | ||||
| Short Ratio | 1.62 X | ||||
| Earnings Per Share | (1.43) X | ||||
| Target Price | 2.5 | ||||
| Number Of Employees | 107 | ||||
| Beta | -0.18 | ||||
| Market Capitalization | 39.41 M | ||||
| Total Asset | 56.96 M | ||||
| Retained Earnings | (239.7 M) | ||||
| Working Capital | 32.37 M | ||||
| Net Asset | 56.96 M |
About Beyond Air Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Beyond Air's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Beyond Air using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Beyond Air based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Beyond Air
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Beyond Air position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Beyond Air will appreciate offsetting losses from the drop in the long position's value.Moving together with Beyond Stock
Moving against Beyond Stock
| 0.9 | PHG | Koninklijke Philips | PairCorr |
| 0.6 | EVH | Evolent Health | PairCorr |
| 0.59 | CVS | CVS Health Corp Aggressive Push | PairCorr |
| 0.58 | AGL | agilon health Buyout Trend | PairCorr |
| 0.57 | FIGS | Figs Inc | PairCorr |
The ability to find closely correlated positions to Beyond Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Beyond Air when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Beyond Air - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Beyond Air to buy it.
The correlation of Beyond Air is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Beyond Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beyond Air moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Beyond Air can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.