The CEO of Beyond Air, Inc. (NASDAQ:XAIR), Steven A. Lisi, buys 100,000 shares

Beyond Air, Inc. (NASDAQ:XAIR – Get Your Free Report ) CEO Steven A. Lisi purchased 100,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $0.39 per share, with a total value of $39,000.00. Following the completion of the transaction, the chief executive officer now owns 1,722,785 shares in the company, valued at $671,886.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Beyond Air Trading, up 5.0%

Shares of Beyond Air opened at $0.39 on Friday. Beyond Air, Inc. it has a one year low of $0.36 and a one year high of $3.35. The company’s fifty-day moving average is $0.72 and its 200-day moving average is $1.24. The stock has a market cap of $18.08 million, a PE ratio of -0.21 and a beta of -0.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.80, and a quick ratio of 3.61.

Beyond Air (NASDAQ:XAIR – Get Your Free Report ) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.12. The firm 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 in the previous year, the business posted ($0.45) earnings per share. On average, sell-side analysts predict that Beyond Air, Inc. will post -1.01 EPS for the current year.

Institutional investors weigh in beyond air

A number of hedge funds have recently added to or reduced their stakes in the stock. Keel Point LLC bought a new stake in shares of Beyond Air in the fourth quarter valued at $30,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Beyond Air in the second quarter valued at about $47,000. Rosalind Advisors Inc. acquired a new position in Beyond Air in the first quarter valued at about $1,572,000. Gendell Jeffrey L raised its stake in shares of Beyond Air by 2.8% during the 4th quarter. Gendell Jeffrey L now owns 1,120,297 shares of the company’s stock valued at $2,196,000 after buying an additional 30,000 shares. actions during the period. Finally, Vanguard Group Inc. raised its position 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 valued at $2,435,000 after purchasing an additional 66,224 shares in the last quarter. 31.50% of the shares are currently held by hedge funds and other institutional investors.

The Wall Street analyst weighs in

A number of analysts recently commented on the company. BTIG Research lowered Beyond Air from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 25th. Piper Sandler cut their price target on Beyond Air from $3.50 to $1.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Truist Financial decreased 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. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $2.00 target price on shares of Beyond Air in a report on Friday.

See the latest stock report on XAIR

About Beyond Air

(Get a free report)

Beyond Air, Inc operates as a biopharmaceutical and commercial-stage medical device company in the United States. The company is engaged in the development of the LungFit platform, a nitric oxide generator and delivery system. Provides LungFit PH for the treatment of persistent pulmonary hypertension of the newborn.

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