Airspan Networks Holdings Inc (AMEX:MIMO) saw an upside of 2.58% to $0.13 after adding $0.01 on Tuesday. The 5-day average trading volume is 1,087,945 shares of the company’s common stock. It has gained $0.1375 in the past week and touched a new high 3 times within the past 5 days. An average of 2,105,551 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,399,256.
MIMO’s 1-month performance is -7.83% or -$0.0100 on its low of $0.1100 reached on 09/19/23. The company’s shares have touched a 52-week low of $0.11 and high of $3.20, with the stock’s rally to the 52-week high happening on 01/20/23. YTD, MIMO has lost -90.29% or -$1.1820 and has reached a new high 5 times. However, the current price is down -96.02% from the 52-week high price.
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Insider Transactions
MIMO stock investors last saw insider trading activity on Aug 15.Trempont Dominique (Director) most recently sold 11,250 shares at $0.16 per share on Aug 15. This transaction cost the insider $1,803. Director, Liebowitz Michael, sold 44,825 shares at a price of $0.21 on Aug 14. Then, on Nov 23, SVP & CFO BRANT DAVID MARK ELIAS sold 873 shares at a price of $1.87 per share. This transaction amounted to $1,633.
Valuation Metrics
MIMO stock has a beta of 0.36. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.07.
Airspan Networks Holdings Inc’s quick ratio for the period ended June 29 was 0.83, with the current ratio over the same period at 0.96. In terms of profitability, the gross margin trailing 12 months is 37.14%. The trailing 12-month EBITDA margin is -37.13% while for the period ending June 29, Airspan Networks Holdings Inc’s operating margin was -41.78%. The firm’s gross profit as reported stood at $66.44 million against revenue of $167.26 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 37.46% to -$33.61 million, while revenue of -$20.89 million was 37.85% off the previous quarter. Analysts expected MIMO to announce -$0.3 per share in earnings in its latest quarter, but it posted -$0.45, representing a -50.00% surprise. EBITDA for the quarter stood at more than -$20.04 million. MIMO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 238.17 million, with total debt at $171.26 million. Shareholders hold equity totaling $74.58 million.
Let’s look briefly at Airspan Networks Holdings Inc (MIMO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 47.49% to suggest the stock is trending Neutral, with historical volatility in this time period at 71.56%.
The stock’s 5-day moving average is $0.1273, reflecting a +4.92% or $0.0060 change from its current price. MIMO is currently trading -9.54% above its 20-day SMA, -74.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -11.72% and SMA200 by-91.74%.
Stochastic %K and %D was 12.27% and 13.20% and the average true range (ATR) pointed at 0.0186. The RSI (14) points at 45.54%, while the 14-day stochastic is at 14.18% with the period’s ATR at 0.0203. The stock’s 9-day MACD Oscillator is pointing at 0.0006 and -0.0013 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Airspan Networks Holdings Inc (AMEX: MIMO), Jefferies downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for MIMO stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate MIMO as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is MIMO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.50 and a high of $0.50, with their median price target at $0.50. Looking at these predictions, the average price target given by analysts is for Airspan Networks Holdings Inc (MIMO) stock is $0.50.
