During the last session, Bandwidth Inc. (NASDAQ:BAND)’s traded shares were 0.79 million, with the beta value of the company hitting 0.90. At the end of the trading day, the stock’s price was $21.10, reflecting an intraday gain of 11.40% or $2.16. The 52-week high for the BAND share is $145.97, that puts it down -591.8 from that peak though still a striking 16.07% gain since the share price plummeted to a 52-week low of $17.71. The company’s market capitalization is $665.71M, and the average intraday trading volume over the past 10 days was 0.89 million shares, and the average trade volume was 776.96K shares over the past three months.
Bandwidth Inc. (BAND) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.90. BAND has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.12.
Bandwidth Inc. (NASDAQ:BAND) trade information
Bandwidth Inc. (BAND) registered a 11.40% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 11.40% in intraday trading to $21.10 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -1.45%, and it has moved by -33.81% in 30 days. Based on these gigs, the overall price performance for the year is -81.51%. The short interest in Bandwidth Inc. (NASDAQ:BAND) is 3.39 million shares and it means that shorts have 6.9 day(s) to cover.
The consensus price target of analysts on Wall Street is $56.67, which implies an increase of 62.77% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $31.00 and $100.00 respectively. As a result, BAND is trading at a discount of -373.93% off the target high and -46.92% off the low.
Bandwidth Inc. (BAND) estimates and forecasts
Statistics show that Bandwidth Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Bandwidth Inc. (BAND) shares have gone down -74.20% during the last six months, with a year-to-date growth rate less than the industry average at -93.81% against 41.90. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -192.30% this quarter and then drop -76.70% in the quarter after that. In the rating firms’ projections, revenue will increase 40.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $118.09 million as predicted by 10 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $129.8 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $113.05 million and $108.34 million respectively. In this case, analysts expect current quarter sales to grow by 4.50% and then jump by 19.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -21.30%. While earnings are projected to return 40.30% in 2022, the next five years will return 20.60% per annum.
Bandwidth Inc. is due to release its next quarterly earnings between February 23 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Bandwidth Inc. (NASDAQ:BAND)’s Major holders
Bandwidth Inc. insiders own 2.05% of total outstanding shares while institutional holders control 105.12%, with the float percentage being 107.32%. Blackrock Inc. is the largest shareholder of the company, while 312 institutions own stock in it. As of Sep 29, 2021, the company held over 2.26 million shares (or 9.75% of all shares), a total value of $203.96 million in shares.
The next largest institutional holding, with 1.57 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 6.79% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $141.95 million.
Also, the Mutual Funds coming in first place with the largest holdings of Bandwidth Inc. (BAND) shares are Smallcap World Fund and Legg Mason Clearbridge Small Cap Growth Fd. Data provided on Sep 29, 2021 indicates that Smallcap World Fund owns about 1.69 million shares. This amounts to just over 7.28 percent of the company’s overall shares, with a $152.37 million market value. The same data shows that the other fund manager holds slightly less at 0.75 million, or about 3.24% of the stock, which is worth about $64.07 million.