Beyond Air, Inc. (NASDAQ:XAIR) Short Interest Update

Beyond Air, Inc. (NASDAQ:XAIR) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,350,000 shares, a growth of 25.0% from the September 30th total of 1,080,000 shares. Based on an average daily volume of 545,300 shares, the short-interest ratio is currently 2.5 days.

Insider Activity

In other news, CEO Steven A. Lisi acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average price of $0.39 per share, for a total transaction of $39,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,722,785 shares of the company’s stock, valued at approximately $671,886.15. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Steven A. Lisi acquired 1,476,626 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were purchased at an average price of $0.50 per share, for a total transaction of $738,313.00. Following the completion of the acquisition, the chief executive officer now owns 3,249,411 shares of the company’s stock, valued at approximately $1,624,705.50. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Steven A. Lisi acquired 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $0.39 per share, for a total transaction of $39,000.00. Following the acquisition, the chief executive officer now directly owns 1,722,785 shares of the company’s stock, valued at $671,886.15. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 1,615,892 shares of company stock worth $793,019 in the last 90 days. Company insiders own 19.00% of the company’s stock.

Institutional Investors Weigh In On Beyond Air

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Beyond Air by 5.0% in the first quarter. Vanguard Group Inc. now owns 1,399,298 shares of the company’s stock worth $2,435,000 after acquiring an additional 66,224 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Beyond Air in the second quarter worth $47,000. Finally, Gendell Jeffrey L grew its stake in shares of Beyond Air by 30.4% in the first quarter. Gendell Jeffrey L now owns 1,461,071 shares of the company’s stock worth $2,542,000 after acquiring an additional 340,774 shares during the last quarter. Institutional investors and hedge funds own 31.50% of the company’s stock.

Beyond Air Stock Up 1.8 %

Shares of Beyond Air stock opened at $0.40 on Monday. The stock has a market capitalization of $18.45 million, a P/E ratio of -0.22 and a beta of -0.12. The company has a quick ratio of 2.42, a current ratio of 2.63 and a debt-to-equity ratio of 0.84. The stock has a 50 day moving average price of $0.39 and a two-hundred day moving average price of $0.75. Beyond Air has a 12-month low of $0.30 and a 12-month high of $2.61.

Beyond Air (NASDAQ:XAIR) last announced its earnings results on Tuesday, August 6th. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.12. Beyond Air had a negative return on equity of 240.15% and a negative net margin of 3,272.46%. The firm had revenue of $0.68 million during the quarter, compared to analysts’ expectations of $0.72 million. During the same quarter in the prior year, the business earned ($0.45) earnings per share. Equities analysts expect that Beyond Air will post -1.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Roth Capital upgraded Beyond Air to a “strong-buy” rating in a report on Friday, August 16th. Piper Sandler decreased their target price on Beyond Air from $3.50 to $1.00 and set an “overweight” rating for the company in a research report on Wednesday, August 7th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $2.00 target price on shares of Beyond Air in a research report on Friday, August 16th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $3.67.

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.