Beyond Air (NASDAQ:XAIR) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Beyond Air (NASDAQ:XAIR) announced its quarterly earnings data on Monday. The company reported ($0.28) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.02, Zacks reports. Beyond Air had a negative return on equity of 240.15% and a negative net margin of 3,272.46%. During the same period in the prior year, the company earned ($0.51) earnings per share.

Beyond Air Stock Up 7.6 %

XAIR stock opened at $0.51 on Tuesday. The company has a current ratio of 2.63, a quick ratio of 2.42 and a debt-to-equity ratio of 0.84. The firm has a 50 day simple moving average of $0.40 and a 200-day simple moving average of $0.69. The company has a market capitalization of $24.07 million, a P/E ratio of -0.31 and a beta of -0.18. Beyond Air has a twelve month low of $0.30 and a twelve month high of $2.36.

Insider Buying and Selling at Beyond Air

In related news, CEO Steven A. Lisi purchased 1,476,626 shares of Beyond Air stock in a transaction dated Thursday, September 26th. The shares were acquired at an average price of $0.50 per share, with a total value of $738,313.00. Following the completion of the transaction, the chief executive officer now owns 3,249,411 shares of the company’s stock, valued at approximately $1,624,705.50. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Steven A. Lisi purchased 1,476,626 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average cost of $0.50 per share, with a total value of $738,313.00. Following the transaction, the chief executive officer now owns 3,249,411 shares in the company, valued at approximately $1,624,705.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven A. Lisi acquired 100,000 shares of Beyond Air stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of $0.39 per share, for a total transaction of $39,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,722,785 shares of the company’s stock, valued at $671,886.15. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 1,615,892 shares of company stock worth $793,019 in the last ninety days. 19.00% of the stock is owned by insiders.

Analyst Ratings Changes

XAIR has been the topic of several research reports. Roth Capital raised Beyond Air to a “strong-buy” rating in a research report on Friday, August 16th. Piper Sandler decreased their target price on Beyond Air from $3.50 to $1.00 and set an “overweight” rating for the company in a report on Wednesday, August 7th. Finally, Roth Mkm reissued a “buy” rating and set a $2.00 target price on shares of Beyond Air in a research report on Friday, August 16th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target 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.