Beyond Air (XAIR) to Release Earnings on Thursday

Posted by on Jun 15th, 2023

Beyond Air (NASDAQ:XAIR – Get Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, June 22nd. Analysts expect the company to announce earnings of ($0.44) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Beyond Air Price Performance

Shares of NASDAQ XAIR opened at $5.73 on Thursday. The company has a 50 day simple moving average of $5.77 and a 200 day simple moving average of $6.12. The firm has a market cap of $172.42 million, a PE ratio of -2.97 and a beta of -0.31. Beyond Air has a 1 year low of $5.01 and a 1 year high of $11.76.

Insider Activity at Beyond Air

In other news, CEO Steven A. Lisi bought 10,000 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was acquired at an average price of $6.46 per share, with a total value of $64,600.00. Following the transaction, the chief executive officer now owns 1,458,696 shares of the company’s stock, valued at approximately $9,423,176.16. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders acquired a total of 26,415 shares of company stock worth $169,903 in the last quarter. 15.58% of the stock is owned by insiders.

Institutional Trading of Beyond Air

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in shares of Beyond Air by 1,353.9% during the 1st quarter. Jane Street Group LLC now owns 132,915 shares of the company’s stock worth $897,000 after buying an additional 143,515 shares during the period. Bank of America Corp DE grew its position in shares of Beyond Air by 144.6% during the 4th quarter. Bank of America Corp DE now owns 144,503 shares of the company’s stock worth $938,000 after buying an additional 85,435 shares during the period. Renaissance Technologies LLC grew its position in shares of Beyond Air by 123.0% during the 1st quarter. Renaissance Technologies LLC now owns 152,300 shares of the company’s stock worth $1,017,000 after buying an additional 83,998 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Beyond Air during the 1st quarter worth approximately $269,000. Finally, Marshall Wace LLP acquired a new stake in shares of Beyond Air during the 4th quarter worth approximately $218,000. Institutional investors and hedge funds own 19.05% of the company’s stock.

About Beyond Air

(Get Rating)

Beyond Air, Inc is a clinical-stage medical device and biopharmaceutical company. It engages in developing a nitric oxide generator and delivery system that uses nitric oxide generated from ambient air and delivers precise amounts of nitric oxide to the lungs for the potential treatment of respiratory and other diseases.

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Earnings History for Beyond Air (NASDAQ:XAIR)

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