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

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

Beyond Air Stock Performance

XAIR opened at $0.30 on Tuesday. The business has a 50 day moving average price of $0.35 and a 200 day moving average price of $0.41. Beyond Air, Inc. has a twelve month low of $0.24 and a twelve month high of $1.78. The firm has a market cap of $20.75 million, a P/E ratio of -0.28 and a beta of 0.16.

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

Institutional Investors Weigh In On Beyond Air

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new stake in Beyond Air in the 4th quarter worth approximately $48,000. Wealthedge Investment Advisors LLC acquired a new position in shares of Beyond Air during the fourth quarter worth approximately $80,000. Baldwin Wealth Partners LLC MA lifted its holdings 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 buying an additional 270,500 shares during the last quarter. Geode Capital Management LLC lifted its holdings 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 buying an additional 251,823 shares during the last quarter. Finally, Soros Fund Management LLC acquired a new position in shares of Beyond Air during the third quarter worth approximately $573,000. 31.50% of the stock is currently owned by institutional investors and hedge funds.

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.