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

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

Beyond Air Stock Up 7.6 %

NASDAQ XAIR opened at $0.51 on Tuesday. Beyond Air has a twelve month low of $0.30 and a twelve month high of $2.36. The stock has a market cap of $24.07 million, a PE ratio of -0.31 and a beta of -0.18. 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 debt-to-equity ratio of 0.84, a quick ratio of 2.42 and a current ratio of 2.63.

Analyst Ratings Changes

XAIR has been the topic of several research analyst reports. Piper Sandler lowered their price target on Beyond Air from $3.50 to $1.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 7th. Roth Mkm reaffirmed a “buy” rating and issued a $2.00 price target on shares of Beyond Air in a research report on Friday, August 16th. Finally, Roth Capital upgraded Beyond Air to a “strong-buy” rating in a report on Friday, August 16th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $3.67.

Insider Activity at Beyond Air

In other news, CEO Steven A. Lisi acquired 100,000 shares of Beyond Air stock in a transaction on Wednesday, August 14th. The stock was bought 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 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In other Beyond Air news, CEO Steven A. Lisi bought 1,476,626 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were acquired at an average cost of $0.50 per share, for a total transaction 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Steven A. Lisi purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of $0.39 per share, with a total value 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 approximately $671,886.15. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 1,615,892 shares of company stock worth $793,019 over the last three months. Company insiders own 19.00% of the company’s stock.

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.