Beyond Air (NASDAQ:XAIR) Releases Quarterly Earnings Results

Beyond Air (NASDAQ:XAIR) released its quarterly earnings results on Monday. The company reported ($1.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.10) by ($0.15), Zacks reports. The firm had revenue of $1.82 million for the quarter, compared to analyst estimates of $2.54 million. Beyond Air had a negative return on equity of 255.26% and a negative net margin of 632.51%. Beyond Air updated its FY 2026 guidance to EPS.

Beyond Air Stock Performance

NASDAQ:XAIR opened at $1.46 on Wednesday. The company has a market cap of $11.58 million, a P/E ratio of -0.19 and a beta of 0.30. The firm’s 50 day moving average is $2.29 and its two-hundred day moving average is $3.01. Beyond Air has a fifty-two week low of $1.36 and a fifty-two week high of $13.52. The company has a quick ratio of 2.71, a current ratio of 3.24 and a debt-to-equity ratio of 0.92.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on XAIR. Weiss Ratings reissued a “sell (e+)” rating on shares of Beyond Air in a research note on Wednesday, November 5th. D. Boral Capital reissued a “buy” rating and set a $11.00 price target on shares of Beyond Air in a research note on Tuesday. D Boral Capital upgraded Beyond Air to a “strong-buy” rating in a report on Thursday, July 17th. Finally, Wall Street Zen lowered Beyond Air from a “hold” rating to a “sell” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Beyond Air stock. Osaic Holdings Inc. boosted its position in Beyond Air, Inc. (NASDAQ:XAIR) by 26.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,560 shares of the company’s stock after acquiring an additional 34,000 shares during the quarter. Osaic Holdings Inc. owned 3.11% of Beyond Air worth $29,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 31.50% of the company’s stock.

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.