D. Boral Capital Begins Coverage on Beyond Air (NASDAQ:XAIR)

Equities research analysts at D. Boral Capital assumed coverage on shares of Beyond Air (NASDAQ:XAIRGet Free Report) in a note issued to investors on Thursday, Marketbeat Ratings reports. The firm set a “buy” rating and a $11.00 price target on the stock. D. Boral Capital’s price objective would indicate a potential upside of 237.42% from the company’s current price.

Beyond Air Stock Performance

Shares of NASDAQ:XAIR opened at $3.26 on Thursday. Beyond Air has a 1 year low of $2.90 and a 1 year high of $13.52. The stock has a market capitalization of $14.08 million, a price-to-earnings ratio of -0.21 and a beta of 0.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.20 and a quick ratio of 2.72. The company’s 50 day simple moving average is $3.73 and its 200 day simple moving average is $5.25.

Beyond Air (NASDAQ:XAIRGet Free Report) last announced its earnings results on Tuesday, June 17th. The company reported ($1.80) EPS for the quarter, topping the consensus estimate of ($2.80) by $1.00. The firm had revenue of $1.15 million for the quarter, compared to the consensus estimate of $1.39 million. Beyond Air had a negative return on equity of 233.96% and a negative net margin of 1,258.46%. As a group, research analysts predict that Beyond Air will post -0.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Beyond Air

Hedge funds have recently bought and sold shares of the company. Wealth Effects LLC increased its position in shares of Beyond Air by 42.5% in the second quarter. Wealth Effects LLC now owns 278,100 shares of the company’s stock valued at $48,000 after acquiring an additional 83,000 shares during the period. XTX Topco Ltd purchased a new stake in shares of Beyond Air in the first quarter worth $31,000. Squarepoint Ops LLC bought a new position in shares of Beyond Air in the fourth quarter worth approximately $48,000. Wealthedge Investment Advisors LLC bought a new stake in Beyond Air in the 4th quarter worth about $80,000. Finally, Geode Capital Management LLC raised its stake in Beyond Air by 81.0% during the 4th 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. Hedge funds and other institutional investors own 31.50% of the company’s stock.

About Beyond Air

(Get Free Report)

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.

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Analyst Recommendations for Beyond Air (NASDAQ:XAIR)

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