Beyond Air Stock Z Score

XAIR Stock

USD 0.47 0.01 1.06%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Beyond Air Piotroski F Score and Beyond Air Valuation analysis.

To learn how to invest in Beyond Stock, please use our How to Invest in Beyond Air guide.

At this time, Beyond Air's Capital Surpluse is relatively stable compared to the past year. As of 12/16/2024, Net Working Capital is likely to grow to about 33.5 M, while Capital Stock is likely to drop 2,871. At this time, Beyond Air's Reconciled Depreciation is relatively stable compared to the past year. As of 12/16/2024, Minority Interest is likely to grow to about 4.3 M, though EBIT is likely to grow to (58.3 M).

Beyond Air Company Z Score Analysis

Beyond Air's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Beyond Z Score 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 Z Score. 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.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Total Liab	Total Current Assets	Common Stock	Capital Surpluse	Short Long Term Debt	Short Term Debt	Net Tangible Assets	Current Deferred Revenue	Long Term Debt	Net Receivables	Long Term Debt Total	Deferred Long Term Liab	Property Plant Equipment	Short Term Investments	Net Invested Capital	Treasury Stock	Net Working Capital	Capital Stock	Intangible Assets
Total Assets		0.98	-0.78	-0.75	0.71	0.8	1.0	-0.39	0.84	0.97	0.8	0.98	0.64	0.54	0.94	0.9	-0.21	0.65	0.07	0.97	0.31	0.97	0.81	0.88
Total Stockholder Equity	0.98		-0.88	-0.64	0.61	0.7	0.99	-0.37	0.75	0.92	0.72	0.97	0.61	0.45	0.88	0.91	-0.13	0.52	-0.09	0.96	0.17	0.99	0.7	0.82
Net Debt	-0.78	-0.88		0.21	-0.33	-0.3	-0.82	0.24	-0.36	-0.65	-0.32	-0.76	-0.6	-0.02	-0.61	-0.74	-0.28	-0.07	0.5	-0.74	0.28	-0.83	-0.3	-0.56
Retained Earnings	-0.75	-0.64	0.21		-0.73	-0.99	-0.71	0.38	-0.99	-0.84	-0.98	-0.77	-0.35	-0.89	-0.84	-0.7	0.74	-0.97	-0.64	-0.79	-0.76	-0.71	-0.94	-0.79
Accounts Payable	0.71	0.61	-0.33	-0.73		0.75	0.69	-0.52	0.74	0.79	0.69	0.69	0.41	0.5	0.67	0.63	-0.26	0.61	0.14	0.73	0.39	0.61	0.71	0.5
Total Liab	0.8	0.7	-0.3	-0.99	0.75		0.77	-0.41	0.99	0.86	0.98	0.8	0.43	0.86	0.86	0.76	-0.69	0.95	0.58	0.83	0.68	0.76	0.91	0.83
Total Current Assets	1.0	0.99	-0.82	-0.71	0.69	0.77		-0.4	0.81	0.95	0.77	0.98	0.65	0.51	0.91	0.92	-0.18	0.6	0.01	0.97	0.25	0.98	0.77	0.86
Common Stock	-0.39	-0.37	0.24	0.38	-0.52	-0.41	-0.4		-0.41	-0.42	-0.37	-0.38	-0.21	-0.29	-0.35	-0.45	0.16	-0.29	-0.01	-0.42	-0.15	-0.37	-0.33	-0.25
Capital Surpluse	0.84	0.75	-0.36	-0.99	0.74	0.99	0.81	-0.41		0.9	0.99	0.85	0.42	0.86	0.89	0.79	-0.68	0.94	0.53	0.87	0.67	0.81	0.93	0.84
Short Long Term Debt	0.97	0.92	-0.65	-0.84	0.79	0.86	0.95	-0.42	0.9		0.88	0.97	0.57	0.64	0.95	0.86	-0.32	0.74	0.19	0.97	0.45	0.92	0.89	0.85
Short Term Debt	0.8	0.72	-0.32	-0.98	0.69	0.98	0.77	-0.37	0.99	0.88		0.83	0.33	0.9	0.86	0.77	-0.73	0.94	0.56	0.86	0.73	0.79	0.93	0.82
Net Tangible Assets	0.98	0.97	-0.76	-0.77	0.69	0.8	0.98	-0.38	0.85	0.97	0.83		0.52	0.6	0.92	0.91	-0.28	0.65	0.07	0.99	0.38	0.98	0.84	0.85
Current Deferred Revenue	0.64	0.61	-0.6	-0.35	0.41	0.43	0.65	-0.21	0.42	0.57	0.33	0.52		-0.05	0.64	0.41	0.22	0.36	0.03	0.5	-0.23	0.54	0.31	0.66
Long Term Debt	0.54	0.45	-0.02	-0.89	0.5	0.86	0.51	-0.29	0.86	0.64	0.9	0.6	-0.05		0.6	0.64	-0.9	0.87	0.67	0.63	0.89	0.56	0.83	0.63
Net Receivables	0.94	0.88	-0.61	-0.84	0.67	0.86	0.91	-0.35	0.89	0.95	0.86	0.92	0.64	0.6		0.77	-0.33	0.78	0.28	0.91	0.43	0.88	0.88	0.86
Long Term Debt Total	0.9	0.91	-0.74	-0.7	0.63	0.76	0.92	-0.45	0.79	0.86	0.77	0.91	0.41	0.64	0.77		-0.33	0.56	0.02	0.92	0.33	0.93	0.7	0.79
Deferred Long Term Liab	-0.21	-0.13	-0.28	0.74	-0.26	-0.69	-0.18	0.16	-0.68	-0.32	-0.73	-0.28	0.22	-0.9	-0.33	-0.33		-0.78	-0.77	-0.33	-0.8	-0.26	-0.57	-0.37
Property Plant Equipment	0.65	0.52	-0.07	-0.97	0.61	0.95	0.6	-0.29	0.94	0.74	0.94	0.65	0.36	0.87	0.78	0.56	-0.78		0.78	0.67	0.77	0.59	0.88	0.78
Short Term Investments	0.07	-0.09	0.5	-0.64	0.14	0.58	0.01	-0.01	0.53	0.19	0.56	0.07	0.03	0.67	0.28	0.02	-0.77	0.78		0.07	0.76	0.0	0.51	0.41
Net Invested Capital	0.97	0.96	-0.74	-0.79	0.73	0.83	0.97	-0.42	0.87	0.97	0.86	0.99	0.5	0.63	0.91	0.92	-0.33	0.67	0.07		0.38	0.98	0.83	0.82
Treasury Stock	0.31	0.17	0.28	-0.76	0.39	0.68	0.25	-0.15	0.67	0.45	0.73	0.38	-0.23	0.89	0.43	0.33	-0.8	0.77	0.76	0.38		0.26	0.79	0.45
Net Working Capital	0.97	0.99	-0.83	-0.71	0.61	0.76	0.98	-0.37	0.81	0.92	0.79	0.98	0.54	0.56	0.88	0.93	-0.26	0.59	0.0	0.98	0.26		0.75	0.83
Capital Stock	0.81	0.7	-0.3	-0.94	0.71	0.91	0.77	-0.33	0.93	0.89	0.93	0.84	0.31	0.83	0.88	0.7	-0.57	0.88	0.51	0.83	0.79	0.75		0.81
Intangible Assets	0.88	0.82	-0.56	-0.79	0.5	0.83	0.86	-0.25	0.84	0.85	0.82	0.85	0.66	0.63	0.86	0.79	-0.37	0.78	0.41	0.82	0.45	0.83	0.81

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Beyond Air

As per the company's disclosures, Beyond Air has a Z Score of 0.0. This is 100.0% lower than that of the Health Care Equipment & Supplies sector and 100.0% lower than that of the Health Care industry. The z score for all United States stocks is 100.0% higher than that of the company.

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
Advisor Group Holdings, Inc.	2024-09-30	129.6 K
Millennium Management Llc	2024-09-30	104.6 K
Citadel Advisors Llc	2024-09-30	100.7 K
State Street Corp	2024-09-30	100.6 K
Jane Street Group Llc	2024-06-30	87.8 K
Goss Wealth Management Llc	2024-09-30	73.1 K
Morgan Stanley - Brokerage Accounts	2024-09-30	41.6 K
Qube Research & Technologies	2024-09-30	40.9 K
Personal Cfo Solutions, Llc	2024-09-30	40 K
Lasry Marc	2024-09-30	4.9 M
Aigh Capital Management, Llc	2024-09-30	3.6 M

Beyond Fundamentals

	Return On Equity	-2.19
	Return On Asset	-0.63
	Operating Margin	(19.88) %
	Current Valuation	18.39 M
	Shares Outstanding	72.19 M
	Shares Owned By Insiders	16.35 %
	Shares Owned By Institutions	36.39 %
	Number Of Shares Shorted	1.56 M
	Price To Book	1.19 X
	Price To Sales	18.83 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	(1.41) X
	Target Price	2.5
	Number Of Employees	107
	Beta	-0.18
	Market Capitalization	33.57 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

0.74	GH	Guardant Health	Pair Corr
0.85	LH	Laboratory	Pair Corr

Moving against Beyond Stock

0.73	DRIO	DarioHealth Corp	Pair Corr
0.65	VERO	Venus Concept	Pair Corr
0.49	CI	Cigna Corp	Pair Corr
0.42	EDAP	EDAP TMS SA	Pair Corr

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.

Pair Correlation Correlation Matching

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Beyond Air Stock Z Score

Beyond Air Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Beyond Z Score Driver Correlations

Beyond Air Institutional Holders

Beyond Fundamentals

About Beyond Air Fundamental Analysis

Pair Trading with Beyond Air

Moving together with Beyond Stock

Moving against Beyond Stock

Additional Tools for Beyond Stock Analysis

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