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

Beyond Air (NASDAQ:XAIR) announced its earnings results on Monday. The company reported ($0.28) earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the company posted ($0.51) EPS.

Beyond Air Stock Up 7.6 %

Shares of XAIR stock opened at $0.51 on Tuesday. The business’s fifty day moving average is $0.40 and its 200-day moving average is $0.69. The stock has a market cap of $24.07 million, a PE ratio of -0.31 and a beta of -0.18. Beyond Air has a 1 year low of $0.30 and a 1 year high of $2.36. The company has a debt-to-equity ratio of 0.84, a quick ratio of 2.42 and a current ratio of 2.63.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Roth Capital raised Beyond Air to a “strong-buy” rating in a report on Friday, August 16th. Roth Mkm reiterated a “buy” rating and issued a $2.00 target price on shares of Beyond Air in a research report on Friday, August 16th. Finally, Piper Sandler lowered their target price 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. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $3.67.

Insiders Place Their Bets

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

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.