Zacks: BeyondAirInc . (NASDAQ:XAIR) Given $14.00 Consensus Target Price by Brokerages

Shares of BeyondAirInc . (NASDAQ:XAIR) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus target price of $14.00 for the company and are forecasting that the company will post ($0.22) earnings per share for the current quarter, according to Zacks. Zacks has also given BeyondAirInc . an industry rank of 99 out of 256 based on the ratings given to related companies.

NASDAQ:XAIR traded down $0.19 during trading hours on Friday, hitting $5.05. 1,698 shares of the company traded hands, compared to its average volume of 12,483. The stock has a market cap of $53.43 million, a P/E ratio of -6.01 and a beta of -0.27. BeyondAirInc . has a twelve month low of $3.11 and a twelve month high of $6.25.

BeyondAirInc . (NASDAQ:XAIR) last issued its quarterly earnings data on Tuesday, June 25th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.13). The business had revenue of $7.70 million for the quarter, compared to analysts’ expectations of $2.75 million. On average, research analysts forecast that BeyondAirInc . will post -1.19 EPS for the current fiscal year.

BeyondAirInc . Company Profile

Beyond Air, Inc, a clinical-stage medical device and biopharmaceutical company, develops nitric oxide (NO) delivery systems to treat respiratory tract infections and other diseases. Its NO delivery systems are used for the treatment of pulmonary hypertension of the newborn, bronchiolitis, and nontuberculous mycobacteria.

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