Airgain (NASDAQ:AIRG) Shares Up 2% – Time to Buy?

Airgain, Inc. (NASDAQ:AIRG)’s stock price traded up 2% on Thursday . The company traded as high as $4.05 and last traded at $4.03. 13,817 shares were traded during trading, a decline of 59% from the average session volume of 33,818 shares. The stock had previously closed at $3.95.

Wall Street Analyst Weigh In

Several analysts have weighed in on AIRG shares. Northland Securities lowered their price target on Airgain from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, November 17th. Craig Hallum cut their target price on Airgain from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Airgain in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $6.33.

Airgain Price Performance

The company has a market cap of $48.08 million, a PE ratio of -8.04 and a beta of 0.95. The business has a 50-day moving average of $4.04 and a 200 day moving average of $4.22.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Wednesday, November 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.01. Airgain had a negative return on equity of 16.03% and a negative net margin of 10.87%.The business had revenue of $14.02 million during the quarter, compared to analyst estimates of $14.13 million. Airgain has set its Q4 2025 guidance at 0.000-0.000 EPS. On average, equities analysts predict that Airgain, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Trading of Airgain

Large investors have recently made changes to their positions in the stock. Susquehanna International Group LLP bought a new stake in Airgain during the 3rd quarter valued at $91,000. Citadel Advisors LLC grew its position in shares of Airgain by 270.1% in the 3rd quarter. Citadel Advisors LLC now owns 27,214 shares of the technology company’s stock worth $118,000 after buying an additional 43,214 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Airgain by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 38,500 shares of the technology company’s stock worth $167,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Marathon Capital Management acquired a new position in Airgain during the 2nd quarter valued at about $42,000. 52.76% of the stock is owned by hedge funds and other institutional investors.

About Airgain

Airgain, Inc (NASDAQ: AIRG) is a provider of intelligent wireless connectivity solutions designed to enhance data transmission, network performance and antenna efficiency for a range of devices. Headquartered in San Diego, California, the company develops both embedded and external antenna systems, as well as associated connectivity software, to support wireless applications across cellular, Wi-Fi, machine-to-machine (M2M) and Internet of Things (IoT) markets.

The company’s product portfolio includes modular smart antennas, parallel path phase-diversity antennas and advanced array antenna solutions that are optimized for environments such as smart homes, industrial automation, transportation and enterprise networking.