Cambium Networks Corp (NASDAQ: CMBM) kicked off on Friday, down -3.46% from the previous trading day, before settling in for the closing price of $2.89. Over the past 52 weeks, CMBM has traded in a range of $2.77-$16.56.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -0.42%. While this was happening, its average annual earnings per share was recorded 46.36%. With a float of $12.34 million, this company’s outstanding shares have now reached $27.83 million.
Considering the fact that the conglomerate employs 625 people, you should pay attention to its efficiency factor.
Cambium Networks Corp (CMBM) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of Cambium Networks Corp is 55.77%, while institutional ownership is 36.77%. The most recent insider transaction that took place on Dec 07 ’23, was worth 2,288. In this transaction Director of this company bought 500 shares at a rate of $4.58, taking the stock ownership to the 4,000 shares. Before that another transaction happened on Dec 06 ’23, when Company’s Director bought 1,000 for $4.60, making the entire transaction worth $4,600. This insider now owns 3,500 shares in total.
Cambium Networks Corp (CMBM) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 46.36% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to -117.95% drop over the previous five years of trading.
Cambium Networks Corp (NASDAQ: CMBM) Trading Performance Indicators
Take a look at Cambium Networks Corp’s (CMBM) current performance indicators. Last quarter, stock had a quick ratio of 1.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.42.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.90, a number that is poised to hit -0.21 in the next quarter and is forecasted to reach 0.29 in one year’s time.
Technical Analysis of Cambium Networks Corp (CMBM)
Compared to the last year’s volume of 0.12 million, its volume of 0.43 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 29.39%. Additionally, its Average True Range was 0.19.
During the past 100 days, Cambium Networks Corp’s (CMBM) raw stochastic average was set at 4.06%, which indicates a significant decrease from 15.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.75% in the past 14 days, which was lower than the 56.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.34, while its 200-day Moving Average is $4.50. Nevertheless, the first resistance level for the watch stands at $2.93 in the near term. At $3.06, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.18. If the price goes on to break the first support level at $2.68, it is likely to go to the next support level at $2.56. Should the price break the second support level, the third support level stands at $2.43.
Cambium Networks Corp (NASDAQ: CMBM) Key Stats
The company with the Market Capitalisation of 77.84 million has total of 27,896K Shares Outstanding. Its annual sales at the moment are 220,200 K in contrast with the sum of -77,420 K annual income. Company’s last quarter sales were recorded 42,340 K and last quarter income was -26,450 K.
