Beyond Air, Inc. (NASDAQ:XAIR - Get Free Report) CEO Steven A. Lisi acquired 1,476,626 shares of the company's stock in a transaction dated Thursday, September 26th. The shares were acquired at an average price of $0.50 per share, for a total transaction of $738,313.00. Following the completion of the purchase, the chief executive officer now owns 3,249,411 shares of the company's stock, valued at approximately $1,624,705.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Beyond Air Trading Down 22.2 %
NASDAQ:XAIR opened at $0.30 on Wednesday. Beyond Air, Inc. has a 52 week low of $0.30 and a 52 week high of $2.61. The firm has a 50 day moving average of $0.44 and a 200 day moving average of $0.91. The company has a quick ratio of 2.42, a current ratio of 2.63 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $13.86 million, a price-to-earnings ratio of -0.17 and a beta of -0.11.
Beyond Air (NASDAQ:XAIR - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported ($0.27) EPS for the quarter, beating analysts' consensus estimates of ($0.39) by $0.12. Beyond Air had a negative net margin of 3,272.46% and a negative return on equity of 240.15%. The company had revenue of $0.68 million during the quarter, compared to analysts' expectations of $0.72 million. During the same quarter in the prior year, the company posted ($0.45) earnings per share. As a group, sell-side analysts anticipate that Beyond Air, Inc. will post -1.03 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Beyond Air
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Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Beyond Air by 5.0% during the first quarter. Vanguard Group Inc. now owns 1,399,298 shares of the company's stock worth $2,435,000 after buying an additional 66,224 shares during the period. Gendell Jeffrey L lifted its stake in shares of Beyond Air by 2.8% during the fourth quarter. Gendell Jeffrey L now owns 1,120,297 shares of the company's stock worth $2,196,000 after buying an additional 30,000 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Beyond Air during the second quarter worth $47,000. 31.50% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on XAIR. Piper Sandler dropped their price objective on shares of Beyond Air from $3.50 to $1.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 7th. Roth Capital upgraded shares of Beyond Air to a "strong-buy" rating in a research note on Friday, August 16th. BTIG Research downgraded shares of Beyond Air from a "buy" rating to a "neutral" rating in a research note on Tuesday, June 25th. Finally, Roth Mkm reiterated a "buy" rating and set a $2.00 price objective on shares of Beyond Air in a research note on Friday, August 16th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $3.67.
View Our Latest Research Report on Beyond Air
Beyond Air Company Profile
(
Get Free Report)
Beyond Air, Inc operates as a commercial-stage medical device and biopharmaceutical company in the United States. The company engages in the development of LungFit platform, a nitric oxide generator and delivery system. It offers LungFit PH for the treatment of persistent pulmonary hypertension of the newborn.
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