The stock of Airspan Networks Holdings Inc. (AMEX:MIMO) decreased by $0.0 on Tuesday to finish at $0.12, up 4.36 percent. The last five days have seen an average of 6,687,500 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$1.1880. The average number of shares traded over the last 20 days was 1,975,480, while the average volume over the last 50 days totaled 3,328,158.
MIMO stock dropped -17.01% since last month. On 09/19/23, the company’s shares reached a one-month low of $0.1100. The stock touched a high of $3.39 on 01/20/23, after rallying from a low of $0.11 in 52 weeks. The price of MIMO stock has declined by -90.69% or -$1.1880 this year, reaching a new high 5 times. Still, the stock price is down -96.40% 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 36 days ago on Aug 15. On Aug 15, Director Trempont Dominique sold 11,250 shares at $0.16 each. This transaction resulted in the insider making $1,803. On Aug 14, Liebowitz Michael sold 44,825 shares at a price of US$0.21. After the transaction, the insider now owns 851,774 shares. SVP & CFO BRANT DAVID MARK ELIAS had earlier sold 873 shares on Nov 23 for $1.87 a share. The transaction was completed for $1,633.
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 37.70% percent. Airspan Networks Holdings Inc.’s EBITDA margin for the year ended June 29 was -37.13%, whereas its operating margin stood at -50.90% for the same period. 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. MIMO’s return on assets (ROA) during the last 12 months has been -71.70%. There was a -119.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 93.40%.
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 19 September, the RSI 9-day stood at 39.06%, suggesting the stock is Neutral, with a 62.24% historical volatility rate.
The stochastic %K and %D were 8.10% and 12.04% respectively, while the average true range (ATR) was 0.0242. Based on the 14-day stochastic reading of 9.46%, the RSI (14) reading is 41.13%. On the 9-day MACD Oscillator, the stock is at -0.0046.
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. Analysts have assigned Airspan Networks Holdings Inc. (MIMO) an Hold rating. MIMO is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is MIMO’s price target for the next 12 months?
The current consensus forecast for the stock is between $0.50 and $0.50, with a median target price of $0.50. In analyzing these forecasts, the average price target given by analysts for Airspan Networks Holdings Inc. (MIMO) is $0.50.
