So Far This Year, Bandwidth Inc. (BAND) Reached A New High 4 times

At the last check on Friday, Bandwidth Inc.’s (NASDAQ:BAND) stock was down -$1.91, moving down -10.63 percent to $16.05. The average number of shares traded per day over the past five days has been 676,594 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.84 fall in that time frame. In the last twenty days, the average volume was 515,029, while in the previous 50 days, it was 495,829.

Since last month, BAND stock retreated -8.79%. Shares of the company fell to $15.03 on 08/05/22, the lowest level in the past month. A 52-week high of $130.00 was reached on 01/04/22 after having rallying from a 52-week low of $15.00. Since the beginning of this year, BAND’s stock price has dropped by -74.97% or -$55.97, and marked a new high 2 times. However, the stock has declined by -87.65% since its 52-week high.

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Bandwidth Inc. (BAND) last reported insider trading activity 35 days ago on Jul 01. Suriano Douglas A, the Director of the company, disposed of 239 shares for $19.01 on Jul 01. It resulted in a $4,543 divestment by the insider. Carreker Marina C. sold 265 shares at an average price of $19.91 on Jul 01. The insider now owns 6,572 shares following the transaction. On Jul 01, Chief People Officer Bottorff Rebecca sold 335 shares at $19.88 apiece. The transaction was valued at $6,661.

Valuation Metrics

The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 0.91, the price-to-book (PB) ratio of 1.80, and the price-to-cash flow ratio of 93.98 may also be considered.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.53, and the total debt-to-equity ratio was 2.53. On the profitability front, the trailing twelve-month gross margin is 43.60% percent. In the year ended June 29, operating margins totaled -1.80%. Based on annual data, BAND earned $218.52 million in gross profit and brought in $490.91 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.20%. Return on equity (ROE) for the past 12 months was -7.50%.

In Bandwidth Inc.’s quarter-end financial report for June 29, it reported total debt of $635.73 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BAND’s revenue rose 13.61% to $126.13 million during the quarter, while net income inched up to $131.36 million. While analysts expected Bandwidth Inc. to report -$0.06 quarterly earnings, the actual figure was -$0.04 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated $4.97 million in EBITDA. The liabilities of Bandwidth Inc. were 802.71 million at the end of its most recent quarter ended June 29, and its total debt was $652.14 million. The value of shareholders’ equity is $25.28 million.

Technical Picture

This quick technical analysis looks at Bandwidth Inc.’s (BAND) price momentum. With a historical volatility rate of 123.18%, the RSI 9-day stood at 40.10% on 04 August.

With respect to its five-day moving average, the current Bandwidth Inc. price is down by -5.02% percent or -$0.84. At present, BAND shares trade -19.17% below its 20-day simple moving average and -35.06% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.54% below its SMA50 and -82.27% below its SMA200.

Stochastic coefficient K was 52.55% and Stochastic coefficient D was 65.18%, while ATR was 1.76. Given the Stochastic reading of 13.27% for the 14-day period, the RSI (14) reading has been calculated as 42.02%. As of today, the MACD Oscillator reading stands at 0.64, while the 14-day reading stands at 0.43.

Analyst Ratings

Bandwidth Inc. downgraded its rating on Bandwidth Inc. (NASDAQ: BAND) to a Neutral in a note to investors on May 16, 2022. The analysts firm previously had an Outperform rating on the stock.Bandwidth Inc. (BAND) has been rated Overweight by analysts. According to 0 brokerage firms, BAND is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Bandwidth Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $28.00, the current consensus forecast for the stock is $20.00 – $55.00. Based on these forecasts, analysts predict Bandwidth Inc. (BAND) will achieve an average price target of $32.14.


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