Equities research analysts at D. Boral Capital assumed coverage on shares of Beyond Air (NASDAQ:XAIR – Get 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:XAIR – Get 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
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.
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