In the latest trading session, 0.53 million Cambium Networks Corp (NASDAQ:CMBM) shares changed hands as the company’s beta touched 1.03. With the company’s most recent per share price at $0.75 changing hands around $0.03 or 4.02% at last look, the market valuation stands at $20.64M. CMBM’s current price is a discount, trading about -766.67% off its 52-week high of $6.50. The share price had its 52-week low at $0.66, which suggests the last value was 12.0% up since then. When we look at Cambium Networks Corp’s average trading volume, we note the 10-day average is 0.29 million shares, with the 3-month average coming to 115.94K.
Analysts gave the Cambium Networks Corp (CMBM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.75. 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, 0 recommended CMBM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Cambium Networks Corp’s EPS for the current quarter is expected to be -0.13.
Cambium Networks Corp (NASDAQ:CMBM) trade information
Instantly CMBM is in green as seen in intraday trades today. With action -3.85%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -87.50%, with the 5-day performance at -3.85% in the red. However, in the 30-day time frame, Cambium Networks Corp (NASDAQ:CMBM) is -32.43% down. Looking at the short shares, we see there were 0.57 million shares sold at short interest cover period of 6.17 days.
The consensus price target for the stock as assigned by Wall Street analysts is 24, meaning bulls need an upside of 96.88% from its recent market value. According to analyst projections, CMBM’s forecast low is 4.5 with 74 as the target high. To hit the forecast high, the stock’s price needs a -9766.67% plunge from its current level, while the stock would need to soar -500.0% for it to hit the projected low.
Cambium Networks Corp (CMBM) estimates and forecasts
Data shows that the Cambium Networks Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -74.92% over the past 6 months, a 10.91% in annual growth rate that is considerably higher than the industry average of -2.30%. Year-over-year growth is forecast to reach -20.54% down from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 42.98M. 4 analysts are of the opinion that Cambium Networks Corp’s revenue for the current quarter will be 44.45M. The company’s revenue for the corresponding quarters a year ago was 40.21M and 42.34M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.91%. The estimates for the next quarter sales put growth at 4.99%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -117.95%. The 2024 estimates are for Cambium Networks Corp earnings to increase by 15.07%, but the outlook for the next 5-year period is at 20.00% per year.
CMBM Dividends
Cambium Networks Corp is expected to release its next quarterly earnings report in January.
Cambium Networks Corp (NASDAQ:CMBM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.91% of Cambium Networks Corp shares while 78.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.62%. There are 78.43% institutions holding the Cambium Networks Corp stock share, with VECTOR CAPITAL MANAGEMENT, L.P. the top institutional holder. As of 2024-06-30, the company held 51.4395% of the shares, roughly 14.33 million CMBM shares worth $39.97 million.
PARADIGM CAPITAL MANAGEMENT INC/NY holds the second largest percentage of outstanding shares, with 9.8974% or 2.76 million shares worth $7.69 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Paradigm Micro Cap Fund and Needham Small Cap Growth Fund. With 500.0 shares estimated at $0.4 million under it, the former controlled 1.77% of total outstanding shares. On the other hand, Needham Small Cap Growth Fund held about 1.42% of the shares, roughly 400.0 shares worth around $0.32 million.
