Beyond Air Inc (NASDAQ:XAIR) shares traded -2.34% lower at $0.63 on Wall Street last session.
XAIR stock price is now -47.84% away from the 50-day moving average and -63.67% away from the 200-day moving average. The market capitalization of the company currently stands at $29.11M.
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On July 28, 2023, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $10, while ‘BTIG Research’ rates the stock as ‘Buy’
In other news, Avniel Amir, Chief Business Officer sold 13,733 shares of the company’s stock on Dec 28 ’23. The stock was sold for $28,217 at an average price of $2.05. Upon completion of the transaction, the Chief Business Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 28 ’23, Chief Business Officer Avniel Amir sold 11,267 shares of the business’s stock. A total of $23,234 was realized by selling the stock at an average price of $2.06. This leaves the insider owning 685,760 shares of the company worth $0.43 million. A total of 17.99% of the company’s stock is owned by insiders.
During the past 12 months, Beyond Air Inc has had a low of $0.65 and a high of $4.84. As of last week, the company has a debt-to-equity ratio of 0.71, a current ratio of 3.80, and a quick ratio of 3.61. The fifty day moving average price for XAIR is $1.20226 and a two-hundred day moving average price translates $1.73264 for the stock.
The latest earnings results from Beyond Air Inc (NASDAQ: XAIR) was released for 2024-03-31. The net profit margin was -5197.76% and return on equity was -191.36% for XAIR.
