Airspan Networks Holdings Inc (MIMO)’s latest performance is not what we had anticipated

A new trading day began on November 20, 2023, with Airspan Networks Holdings Inc (AMEX: MIMO) stock priced at $0.11, up 14.29% from the previous day of trading. During the day, the shares moved up to $0.14 and dropped to $0.11 before settling in for the closing price of $0.10. MIMO’s price has ranged from $0.10 to $2.23 over the past 52 weeks.

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A company in the Communication Services sector has dropped its sales by -1.58% annually for the last half of the decade. With a float of $28.58 million, this company’s outstanding shares have now reached $74.28 million.

In an organization with 669 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +39.04, operating margin of -39.90, and the pretax margin is -51.17.

Airspan Networks Holdings Inc (MIMO) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Telecom Services Industry. The insider ownership of Airspan Networks Holdings Inc is 61.70%, while institutional ownership is 4.03%. The most recent insider transaction that took place on Aug 15, was worth 1,803. In this transaction Director of this company sold 11,250 shares at a rate of $0.16, taking the stock ownership to the 305,685 shares. Before that another transaction happened on Aug 14, when Company’s Director sold 44,825 for $0.21, making the entire transaction worth $9,463. This insider now owns 851,774 shares in total.

Airspan Networks Holdings Inc (MIMO) Performance Highlights and Predictions

In its latest quarterly report, released on 6/29/2023, the company reported earnings of -$0.45 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -51.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

Airspan Networks Holdings Inc (AMEX: MIMO) Trading Performance Indicators

Here are Airspan Networks Holdings Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.22. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.08.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.76

Technical Analysis of Airspan Networks Holdings Inc (MIMO)

Let’s dig in a bit further. During the last 5-days, its volume was 1.09 million. That was inferior than the volume of 1.89 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.92%. Additionally, its Average True Range was 0.02.

During the past 100 days, Airspan Networks Holdings Inc’s (MIMO) raw stochastic average was set at 7.30%, which indicates a significant decrease from 26.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 143.00% in the past 14 days, which was lower than the 159.54% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $0.1350, while its 200-day Moving Average is $0.4085. However, in the short run, Airspan Networks Holdings Inc’s stock first resistance to watch stands at $0.1347. Second resistance stands at $0.1494. The third major resistance level sits at $0.1638. If the price goes on to break the first support level at $0.1056, it is likely to go to the next support level at $0.0912. Assuming the price breaks the second support level, the third support level stands at $0.0765.

Airspan Networks Holdings Inc (AMEX: MIMO) Key Stats

With a market capitalization of 8.96 million, the company has a total of 74,639K Shares Outstanding. Currently, annual sales are 167,260 K while annual income is -85,380 K. The company’s previous quarter sales were 14,260 K while its latest quarter income was 9,890 K.


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