Beyond Air (NASDAQ:XAIR) CEO Robert Scott Goodman Buys 34,722 Shares

Beyond Air, Inc. (NASDAQ:XAIRGet Free Report) CEO Robert Scott Goodman acquired 34,722 shares of Beyond Air stock in a transaction dated Wednesday, July 29th. The shares were acquired at an average price of $5.76 per share, with a total value of $199,998.72. Following the completion of the purchase, the chief executive officer owned 34,822 shares in the company, valued at approximately $200,574.72. The trade was a 34,722.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Beyond Air Price Performance

Shares of NASDAQ XAIR opened at $5.28 on Friday. The stock has a market capitalization of $3.80 million, a price-to-earnings ratio of -0.06 and a beta of 0.22. The business has a 50-day moving average of $7.69 and a 200-day moving average of $14.21. The company has a debt-to-equity ratio of 3.48, a current ratio of 3.80 and a quick ratio of 3.59. Beyond Air, Inc. has a fifty-two week low of $5.02 and a fifty-two week high of $95.60.

Beyond Air (NASDAQ:XAIRGet Free Report) last released its earnings results on Friday, June 26th. The company reported ($15.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($11.33) by ($4.07). Beyond Air had a negative net margin of 432.99% and a negative return on equity of 350.00%. The company had revenue of $1.91 million during the quarter, compared to analyst estimates of $2.30 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XAIR. Geode Capital Management LLC increased its stake in shares of Beyond Air by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 838,319 shares of the company’s stock worth $144,000 after purchasing an additional 12,598 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Beyond Air by 26.4% in the 2nd quarter. Osaic Holdings Inc. now owns 162,560 shares of the company’s stock valued at $29,000 after purchasing an additional 34,000 shares during the last quarter. Virtu Financial LLC acquired a new stake in Beyond Air in the 3rd quarter valued at about $48,000. Finally, Alyeska Investment Group L.P. bought a new position in Beyond Air during the third quarter worth about $1,753,000. Institutional investors own 31.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Beyond Air in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, Beyond Air has a consensus rating of “Hold” and an average target price of $200.00.

Get Our Latest Research Report on XAIR

Beyond Air Company Profile

(Get Free Report)

Beyond Air, Inc is a clinical-stage medical technology company focused on the development and commercialization of inhaled nitric oxide (NO) therapy for pulmonary and respiratory diseases. The company’s proprietary LungFit® platform delivers pulsed, low-dose nitric oxide gas through compact, portable devices designed to support treatments in both inpatient and outpatient settings. Beyond Air’s approach leverages NO’s antimicrobial, vasodilatory and anti-inflammatory properties to address a range of unmet needs in respiratory medicine.

The company’s lead candidate, LungFit® PH, is under investigation for the treatment of pulmonary hypertension, with ongoing clinical studies assessing its impact on pulmonary arterial pressure and exercise capacity.

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