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

Beyond Air (NASDAQ:XAIR) posted its quarterly earnings data on Monday. The company reported ($0.28) earnings per share (EPS) for the quarter, topping 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 firm posted ($0.51) EPS.

Beyond Air Trading Up 7.6 %

Shares of NASDAQ:XAIR opened at $0.51 on Tuesday. The company has a quick ratio of 2.42, a current ratio of 2.63 and a debt-to-equity ratio of 0.84. Beyond Air has a 12-month low of $0.30 and a 12-month high of $2.36. The firm has a fifty day moving average of $0.40 and a two-hundred day moving average of $0.69. The firm has a market capitalization of $24.07 million, a P/E ratio of -0.31 and a beta of -0.18.

Insider Activity at Beyond Air

In other news, CEO Steven A. Lisi purchased 1,476,626 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was bought at an average cost of $0.50 per share, with a total value of $738,313.00. Following the purchase, the chief executive officer now directly owns 3,249,411 shares of the company’s stock, valued at approximately $1,624,705.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Beyond Air news, CEO Steven A. Lisi purchased 1,476,626 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were acquired 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 of the company’s stock, valued at $1,624,705.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Steven A. Lisi acquired 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, with a total value of $39,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,722,785 shares of the company’s stock, valued at $671,886.15. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,615,892 shares of company stock valued at $793,019. Insiders own 19.00% of the company’s stock.

Wall Street Analyst Weigh In

XAIR has been the subject of a number of recent analyst reports. Piper Sandler decreased their price objective on shares of Beyond Air from $3.50 to $1.00 and set an “overweight” rating for the company in a research note on Wednesday, August 7th. Roth Capital raised Beyond Air to a “strong-buy” rating in a research report on Friday, August 16th. Finally, Roth Mkm reissued a “buy” rating and set a $2.00 price target on shares of Beyond Air in a research report on Friday, August 16th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $3.67.

About Beyond Air

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.