In the last trading session, 3.23 million Airspan Networks Holdings Inc (AMEX:MIMO) shares changed hands as the company’s beta touched 0.19. With the company’s per share price at $0.12 changed hands at $0.02 or 14.29% during last session, the market valuation stood at $8.96M. MIMO’s last price was a discount, traded about -1758.33% off its 52-week high of $2.23. The share price had its 52-week low at $0.10, which suggests the last value was 16.67% up since then. When we look at Airspan Networks Holdings Inc’s average trading volume, we note the 10-day average is 1.41 million shares, with the 3-month average coming to 1.22 million.
Analysts gave the Airspan Networks Holdings Inc (MIMO) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended MIMO as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. Airspan Networks Holdings Inc’s EPS for the current quarter is expected to be $0.
Airspan Networks Holdings Inc (AMEX:MIMO) trade information
Instantly MIMO was in green as seen at the end of in last trading. With action -12.28%, the performance over the past five days has been red. The jump to weekly highs of 0.1382 on Monday, 11/20/23 added 14.29% to the stock’s daily price. The company’s shares are showing year-to-date downside of -90.84%, with the 5-day performance at -12.28% in the red. However, in the 30-day time frame, Airspan Networks Holdings Inc (AMEX:MIMO) is -8.95% down. Looking at the short shares, we see there were 1.2 million shares sold at short interest cover period of 2.03 days.
The consensus price target for the stock as assigned by Wall Street analysts is $0.50, meaning bulls need an upside of 76.0% from its current market value. According to analyst projections, MIMO’s forecast low is $0.50 with $0.50 as the target high. To hit the forecast high, the stock’s price needs a -316.67% plunge from its current level, while the stock would need to soar -316.67% for it to hit the projected low.
Airspan Networks Holdings Inc (MIMO) estimates and forecasts
Year-over-year growth is forecast to reach -48.20% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $15.9 million. 1 analysts are of the opinion that Airspan Networks Holdings Inc’s revenue for the quarter ending Dec 2023 will be $20.6 million. The company’s revenue for the corresponding quarters a year ago was $45.25 million and $41.66 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -64.90%. The estimates for the next quarter sales put growth at -50.50%.
Airspan Networks Holdings Inc is expected to release its next quarterly earnings report on November 08.
Airspan Networks Holdings Inc (AMEX:MIMO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.41% of Airspan Networks Holdings Inc shares while 46.95% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 62.11%. There are 46.95% institutions holding the Airspan Networks Holdings Inc stock share, with Oak Management Corp the top institutional holder. As of Jun 29, 2023, the company held 38.40% of the shares, roughly 28.64 million MIMO shares worth $4.76 million.
Softbank Group Corporation holds the second largest percentage of outstanding shares, with 17.14% or 12.78 million shares worth $2.13 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 0.61 million shares estimated at $0.1 million under it, the former controlled 0.82% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 0.53% of the shares, roughly 0.39 million shares worth around $65526.0.