Airgain Inc (AIRG) Given Average Rating of “Buy” by Analysts
Shares of Airgain Inc (NASDAQ:AIRG) have been assigned a consensus rating of “Buy” from the six research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $16.10.
A number of brokerages recently weighed in on AIRG. Zacks Investment Research raised Airgain from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Northland Securities reissued a “buy” rating and issued a $15.00 price target on shares of Airgain in a research note on Friday, November 10th. Finally, B. Riley dropped their price target on Airgain from $12.50 to $10.00 and set a “buy” rating on the stock in a research note on Friday, November 10th.
In other Airgain news, CEO Charles A. Myers sold 15,000 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $10.00, for a total transaction of $150,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur M. Toscanini sold 8,023 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $9.34, for a total value of $74,934.82. Following the sale, the director now owns 71,587 shares of the company’s stock, valued at $668,622.58. The disclosure for this sale can be found here. Company insiders own 23.40% of the company’s stock.
Airgain (NASDAQ:AIRG) opened at $9.76 on Friday. The firm has a market capitalization of $91.48, a PE ratio of 57.42 and a beta of 1.86. Airgain has a 12 month low of $7.31 and a 12 month high of $17.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.02 and a quick ratio of 4.95.
Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Thursday, November 9th. The technology company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. Airgain had a return on equity of 5.95% and a net margin of 3.34%. analysts expect that Airgain will post 0.09 earnings per share for the current fiscal year.
Airgain Company Profile
Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.
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