Beyond Air, Inc. (NASDAQ:XAIR) Director Purchases $15,706.40 in Stock

Beyond Air, Inc. (NASDAQ:XAIR) Director Erick Lucera purchased 39,266 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $0.40 per share, with a total value of $15,706.40. Following the completion of the purchase, the director now owns 43,608 shares in the company, valued at $17,443.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Beyond Air Stock Up 26.1 %

NASDAQ:XAIR opened at $0.47 on Friday. The firm has a market cap of $21.71 million, a P/E ratio of -0.26 and a beta of -0.10. The company has a debt-to-equity ratio of 0.54, a quick ratio of 3.61 and a current ratio of 3.80. Beyond Air, Inc. has a fifty-two week low of $0.36 and a fifty-two week high of $3.35. The firm has a 50-day simple moving average of $0.70 and a two-hundred day simple moving average of $1.23.

Beyond Air (NASDAQ:XAIR) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.39) by $0.12. The business had revenue of $0.68 million during the quarter, compared to analyst estimates of $0.72 million. Beyond Air had a negative net margin of 5,197.76% and a negative return on equity of 203.12%. During the same period last year, the business earned ($0.45) EPS. Analysts predict that Beyond Air, Inc. will post -1.01 earnings per share for the current fiscal year.

Institutional Trading of Beyond Air

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Rosalind Advisors Inc. bought a new stake in shares of Beyond Air in the first quarter worth approximately $1,572,000. Gendell Jeffrey L grew its stake in shares of Beyond Air by 30.4% in the first quarter. Gendell Jeffrey L now owns 1,461,071 shares of the company’s stock worth $2,542,000 after acquiring an additional 340,774 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Beyond Air in the second quarter worth approximately $47,000. Vanguard Group Inc. grew its stake in shares of Beyond Air by 5.0% in the first quarter. Vanguard Group Inc. now owns 1,399,298 shares of the company’s stock worth $2,435,000 after acquiring an additional 66,224 shares during the period. Finally, Keel Point LLC bought a new stake in shares of Beyond Air in the fourth quarter worth approximately $30,000. 31.50% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. BTIG Research lowered shares of Beyond Air from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 25th. Roth Mkm reiterated a “buy” rating and issued a $2.00 price target on shares of Beyond Air in a research note on Friday. Piper Sandler decreased their price target on shares of Beyond Air from $3.50 to $1.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Roth Capital raised shares of Beyond Air to a “strong-buy” rating in a research report on Friday. Finally, Truist Financial reduced their price objective on shares of Beyond Air from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $3.67.

Beyond Air Company Profile

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.