Daniel Moorhead Acquires 4,340 Shares of Beyond Air (NASDAQ:XAIR) Stock

Beyond Air, Inc. (NASDAQ:XAIR) CFO Daniel Moorhead purchased 4,340 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were bought at an average price of $5.76 per share, for a total transaction of $24,998.40. Following the completion of the purchase, the chief financial officer directly owned 4,340 shares in the company, valued at $24,998.40. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Beyond Air Stock Performance

NASDAQ XAIR opened at $5.28 on Friday. 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 1 year low of $5.02 and a 1 year high of $95.60. The company has a market capitalization of $3.80 million, a PE ratio of -0.06 and a beta of 0.22. The company has a fifty day moving average of $7.69 and a two-hundred day moving average of $14.21.

Beyond Air (NASDAQ:XAIR) last issued its quarterly earnings data on Friday, June 26th. The company reported ($15.40) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.30 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beyond Air in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $200.00.

Hedge Funds Weigh In On Beyond Air

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

Beyond Air Company Profile

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.