Insider Buying: Beyond Air (NASDAQ:XAIR) CFO Purchases $24,998.40 in Stock

Beyond Air, Inc. (NASDAQ:XAIRGet Free Report) CFO Daniel Moorhead acquired 4,340 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were bought at an average cost of $5.76 per share, for a total transaction of $24,998.40. Following the completion of the acquisition, the chief financial officer directly owned 4,340 shares of the company’s stock, valued at approximately $24,998.40. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Beyond Air Price Performance

NASDAQ XAIR opened at $5.28 on Monday. The company has a debt-to-equity ratio of 3.48, a current ratio of 3.80 and a quick ratio of 3.59. The stock’s fifty day moving average price is $7.69 and its 200 day moving average price is $14.19. Beyond Air, Inc. has a 1 year low of $5.02 and a 1 year high of $95.60. The company has a market cap of $3.81 million, a price-to-earnings ratio of -0.06 and a beta of 0.22.

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

Institutional Investors Weigh In On Beyond Air

Several hedge funds have recently added to or reduced their stakes in XAIR. Alyeska Investment Group L.P. purchased a new position in Beyond Air in the third quarter valued at $1,753,000. Osaic Holdings Inc. boosted its stake in shares of Beyond Air by 26.4% during the 2nd quarter. Osaic Holdings Inc. now owns 162,560 shares of the company’s stock worth $29,000 after acquiring an additional 34,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Beyond Air by 57.5% during the 4th quarter. Geode Capital Management LLC now owns 67,678 shares of the company’s stock worth $49,000 after acquiring an additional 24,695 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Beyond Air during the 3rd quarter valued at about $48,000. 31.50% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Beyond Air

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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