As of Wednesday close, Bandwidth Inc.’s (NASDAQ:BAND) stock was up $1.23, moving up 6.45 percent to $20.29. The average number of shares traded per day over the past five days has been 537,200 shares. 2 times new highs have been achieved over the past 5 days, with a $0.52 gain in that time frame. In the last twenty days, the average volume was 1,509,710, while in the previous 50 days, it was 948,774.
Since last month, BAND stock rose 67.13%. Shares of the company fell to $10.60 on 10/24/22, the lowest level in the past month. A 52-week high of $75.40 was reached on 01/04/22 after having rallying from a 52-week low of $9.20. Since the beginning of this year, BAND’s stock price has dropped by -71.73% or -$51.47, and marked a new high 2 times. However, the stock has declined by -73.09% since its 52-week high.
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BAND stock investors should be aware that Bandwidth Inc. (BAND) stock had its last reported insider trading activity 21 days ago on Nov 03. Bottorff Rebecca, the Chief People Officer of the company, disposed of 33 shares for $17.03 on Nov 03. It resulted in a $562 divestment by the insider. Carreker Marina C. sold 5 shares at an average price of $17.02 on Nov 03. The insider now owns 7,221 shares following the transaction. On Oct 03, Director Suriano Douglas A sold 239 shares at $12.06 apiece. The transaction was valued at $2,882.
The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 0.98, the price-to-book (PB) ratio of 2.64, and the price-to-cash flow ratio of 36.25 may also be considered.
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 3.28, and the total debt-to-equity ratio was 3.28. On the profitability front, the trailing twelve-month gross margin is 42.00% percent. In the year ended June 29, operating margins totaled -3.90%. 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 -8.20%.
In Bandwidth Inc.’s quarter-end financial report for June 29, it reported total debt of $637.25 million against cash and short-term investments of $145.17 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 11.93% to $136.49 million during the quarter, while net income inched up to $148.33 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 $9.79 million in EBITDA. The liabilities of Bandwidth Inc. were 813.8 million at the end of its most recent quarter ended June 29, and its total debt was $652.47 million. The value of shareholders’ equity is $25.32 million.
This quick technical analysis looks at Bandwidth Inc.’s (BAND) price momentum. With a historical volatility rate of 126.96%, the RSI 9-day stood at 60.13% on 23 November.
With respect to its five-day moving average, the current Bandwidth Inc. price is up by +2.63% percent or $0.52. At present, BAND shares trade +67.96% above its 20-day simple moving average and -2.45% percent below its 100-day simple moving average. However, the stock is currently trading approximately +28.83% above its SMA50 and -66.76% below its SMA200.
Stochastic coefficient K was 42.23% and Stochastic coefficient D was 48.57%, while ATR was 1.98. Given the Stochastic reading of 50.84% for the 14-day period, the RSI (14) reading has been calculated as 60.52%. As of today, the MACD Oscillator reading stands at -0.58, while the 14-day reading stands at 0.04.
KeyBanc Capital Markets launched its rating on Bandwidth Inc. (NASDAQ: BAND) to an Overweight in a note to investors on September 13, 2022. 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 5 recommending it as overweight.
With a median target price of $20.50, the current consensus forecast for the stock is $15.00 – $55.00. Based on these forecasts, analysts predict Bandwidth Inc. (BAND) will achieve an average price target of $26.25.