XAIR (Beyond Air) Shares Outstanding (Basic Average): 8.62 Mil (As of Dec. 2025)


XAIR Beyond Air Inc XAIR
27 GF Score
Price $0.49
GF Value $9.75
Valuation Possible Value Trap
! 6 Warning Signs
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What is Beyond Air Shares Outstanding (Basic Average)?

Beyond Air XAIR +3.44% 27 Shares Outstanding (Basic Average) is 8.62 Mil as of Dec. 2025. GuruFocus rates XAIR with a GF Score™ of 27/100 and a GF Value™ of $9.75 (Possible Value Trap). The stock has 6 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Beyond Air's average basic shares outstanding for the quarter that ended in Dec. 2025 was 8.62 Mil.


Beyond Air  (NAS:XAIR) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Beyond Air Shares Outstanding (Basic Average) Related Terms


Beyond Air Shares Outstanding (Basic Average) Historical Data

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The historical data trend for Beyond Air's Shares Outstanding (Basic Average) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Beyond Air Shares Outstanding (Basic Average) Chart

Beyond Air Annual Data
Trend Jun16 Dec17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 1.28 1.50 1.66 3.39

Beyond Air Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.40 4.48 5.02 6.36 8.62
XAIR
27GF Score
Beyond Air Inc XAIR
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Beyond Air Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 8.62 Mil mean?
Beyond Air (XAIR) has a Shares Outstanding (Basic Average) of 8.62 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Beyond Air and its competitors.
Is Beyond Air's Shares Outstanding (Basic Average) too high?
Beyond Air's current Shares Outstanding (Basic Average) is 8.62 Mil. Overall, Beyond Air has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Beyond Air's Shares Outstanding (Basic Average) compare to LUDG and INBS?
Beyond Air's Shares Outstanding (Basic Average) of 8.62 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a Medical Devices & Instruments company?
A good Shares Outstanding (Basic Average) depends on the Medical Devices & Instruments industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Beyond Air and its competitors. Beyond Air's current Shares Outstanding (Basic Average) is 8.62 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beyond Air stock overvalued right now?
Based on GuruFocus' analysis, Beyond Air (XAIR) is currently considered Possible Value Trap. The stock's GF Value™ is $9.75, compared to a current price of $0.49 — trading 95% below its estimated fair value. The current Shares Outstanding (Basic Average) is 8.62 Mil. Beyond Air's overall GF Score™ is 27/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Beyond Air (XAIR), the current Shares Outstanding (Basic Average) is 8.62 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Beyond Air (XAIR) Overvalued in 2026?

Based on GuruFocus' analysis, Beyond Air stock appears to be undervalued. The current stock price of $0.49 is trading 95% below its estimated GF Value™ of $9.75. GuruFocus considers Beyond Air to be Possible Value Trap.

Key valuation signals for XAIR:

  • Shares Outstanding (Basic Average): 8.62 Mil
  • GF Value™: $9.75 vs. price of $0.49 (95% below fair value)
  • GF Score™: 27/100 with 6 warning signs

No single metric tells the full story. See the XAIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Beyond Air Business Description

Address 900 Stewart Avenue, Suite 301, Garden City, New York, NY, USA, 11530
Beyond Air Inc is a commercial-stage medical device and biopharmaceutical company that develops a Nitric Oxide (NO) Generator and Delivery System that uses NO generated from ambient air and delivers precise amounts of NO to the lungs for the potential treatment of respiratory and other diseases. The firm is applying its therapeutic expertise to develop treatments for pulmonary hypertension, in addition to treatments for lower respiratory tract infections.
27GF Score

Get the complete analysis for XAIR

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.49
Price
$9.75
GF Value