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

Beyond Air, Inc. (NASDAQ:XAIR) Director Robert Carey acquired 1,000,000 shares of the firm’s stock in a transaction dated Friday, March 14th. The shares were bought at an average cost of $0.25 per share, with a total value of $250,000.00. Following the completion of the acquisition, the director now directly owns 4,076,864 shares of the company’s stock, valued at $1,019,216. The trade was a 32.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Beyond Air Stock Down 5.9 %

XAIR opened at $0.28 on Wednesday. The firm has a 50 day moving average price of $0.35 and a 200-day moving average price of $0.40. Beyond Air, Inc. has a twelve month low of $0.24 and a twelve month high of $1.78. The stock has a market capitalization of $19.52 million, a price-to-earnings ratio of -0.27 and a beta of 0.16.

Beyond Air (NASDAQ:XAIR) last released its quarterly earnings data on Monday, February 10th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned ($0.50) earnings per share. As a group, analysts expect that Beyond Air, Inc. will post -0.79 earnings per share for the current year.

Institutional Trading of Beyond Air

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in Beyond Air during the fourth quarter valued at approximately $48,000. Wealthedge Investment Advisors LLC purchased a new stake in Beyond Air during the fourth quarter valued at approximately $80,000. Baldwin Wealth Partners LLC MA increased its holdings in Beyond Air by 721.3% during the fourth quarter. Baldwin Wealth Partners LLC MA now owns 308,000 shares of the company’s stock valued at $110,000 after buying an additional 270,500 shares during the last quarter. Geode Capital Management LLC increased its holdings in Beyond Air by 81.0% during the fourth quarter. Geode Capital Management LLC now owns 562,713 shares of the company’s stock valued at $202,000 after buying an additional 251,823 shares during the last quarter. Finally, Soros Fund Management LLC purchased a new stake in Beyond Air during the third quarter valued at approximately $573,000. 31.50% of the stock is owned by hedge funds and other institutional investors.

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.