Beyond Air, Inc. (NASDAQ:XAIR) Director Robert Carey Purchases 1,000,000 Shares

Beyond Air, Inc. (NASDAQ:XAIR) Director Robert Carey purchased 1,000,000 shares of the company’s stock in a transaction on Friday, March 14th. The stock was purchased at an average price of $0.25 per share, with a total value of $250,000.00. Following the completion of the transaction, the director now owns 4,076,864 shares of the company’s stock, valued at approximately $1,019,216. This trade represents a 32.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Beyond Air Price Performance

XAIR opened at $0.28 on Wednesday. The firm has a market cap of $19.52 million, a P/E ratio of -0.27 and a beta of 0.16. Beyond Air, Inc. has a 1-year low of $0.24 and a 1-year high of $1.78. The company has a 50 day simple moving average of $0.35 and a two-hundred day simple moving average of $0.40.

Beyond Air (NASDAQ:XAIR) last posted its quarterly earnings results on Monday, February 10th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.09. Beyond Air had a negative net margin of 1,730.00% and a negative return on equity of 226.01%. During the same period last year, the company earned ($0.50) earnings per share. Equities analysts anticipate that Beyond Air, Inc. will post -0.79 earnings per share for the current year.

Hedge Funds Weigh In On Beyond Air

Hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC bought a new position in shares of Beyond Air during the fourth quarter worth $48,000. Wealthedge Investment Advisors LLC bought a new position in shares of Beyond Air during the fourth quarter worth $80,000. Baldwin Wealth Partners LLC MA boosted its position in shares of Beyond Air by 721.3% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 308,000 shares of the company’s stock worth $110,000 after acquiring an additional 270,500 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Beyond Air by 81.0% during the fourth quarter. Geode Capital Management LLC now owns 562,713 shares of the company’s stock worth $202,000 after acquiring an additional 251,823 shares during the last quarter. Finally, Soros Fund Management LLC bought a new position in shares of Beyond Air during the third quarter worth $573,000. Institutional investors own 31.50% 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.