The stock of Airspan Networks Holdings Inc. (AMEX:MIMO) decreased by -$0.12 on Monday to finish at $0.16, down -43.05 percent. The last five days have seen an average of 22,089,139 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$1.1494. The average number of shares traded over the last 20 days was 5,820,115, while the average volume over the last 50 days totaled 6,541,870.
MIMO stock appreciated 5.66% since last month. On 08/11/23, the company’s shares reached a one-month low of $0.1378. The stock touched a high of $3.39 on 01/20/23, after rallying from a low of $0.13 in 52 weeks. The price of MIMO stock has declined by -87.74% or -$1.1494 this year, reaching a new high 5 times. Still, the stock price is down -95.26% from the 52-week high.
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Insider Transactions
MIMO stock investors should be aware that Airspan Networks Holdings Inc. (MIMO) stock had its last reported insider trading activity 265 days ago on Nov 23. On Nov 23, SVP & CFO BRANT DAVID MARK ELIAS sold 873 shares at $1.87 each. This transaction resulted in the insider making $1,633. On Nov 23, Shalev Uzi sold 483 shares at a price of US$1.87. After the transaction, the insider now owns 582,988 shares. Chief Sales&Marketing Officer SMITH PETERSEN HENRIK had earlier sold 397 shares on Nov 23 for $1.87 a share. The transaction was completed for $742.
Financial Health
For the three months ended June 29, Airspan Networks Holdings Inc.’s quick ratio was 0.80, while its current ratio was 1.00, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 41.90% percent. Based on annual data, it had gross profit of $66.44 million and revenue of $167.26 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -119.80% return on investment (ROI) in the past year.
Earnings Surprise
According to Airspan Networks Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $32.12 million, while revenues fell by -46.17% to $24.77 million. It was predicted that Airspan Networks Holdings Inc.’s quarterly earnings would be -$0.45, but it ended up being -$0.3. EBITDA was -$20.04 million for the quarter. At the end of Airspan Networks Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 238.17 million, while its total debt was $171.26 million. Equity owned by shareholders amounts to $74.58 million.
Technical Picture
Here’s a quick look at Airspan Networks Holdings Inc.’s (MIMO) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 47.61%, suggesting the stock is Neutral, with a 444.49% historical volatility rate.
The stochastic %K and %D were 31.47% and 37.62% respectively, while the average true range (ATR) was 0.0543. Based on the 14-day stochastic reading of 9.65%, the RSI (14) reading is 47.78%. On the 9-day MACD Oscillator, the stock is at 0.0232, and the 14-day reading is at 0.0309.
Analyst Ratings
Airspan Networks Holdings Inc. (AMEX: MIMO) was downgraded by Jefferies to a a Hold rating in its latest research report. The stock was previously rated as a a Buy.
