Cambium Networks Corp (NASDAQ:CMBM) has a beta value of 1.27 and has seen 1.41 million shares traded in the recent trading session. The company, currently valued at $9.97M, closed the recent trade at $0.35 per share which meant it lost -$0.36 on the day or -49.98% during that session. The CMBM stock price is -1171.43% off its 52-week high price of $4.45 and -65.71% below the 52-week low of $0.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 99380.0 shares traded. The 3-month trading volume is 219.27K shares.
The consensus among analysts is that Cambium Networks Corp (CMBM) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.16.
Cambium Networks Corp (NASDAQ:CMBM) trade information
Sporting -49.98% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CMBM stock price touched $0.35 or saw a rise of 57.31%. Year-to-date, Cambium Networks Corp shares have moved -45.27%, while the 5-day performance has seen it change -54.33%. Over the past 30 days, the shares of Cambium Networks Corp (NASDAQ:CMBM) have changed -48.86%. Short interest in the company has seen 1.49 million shares shorted with days to cover at 8.21.
Wall Street analysts have a consensus price target for the stock at $24, which means that the shares’ value could jump 98.54% from the levels at last check today. The projected low price target is $4.5 while the price target rests at a high of $74.0. In that case, then, we find that the latest price level in today’s session is -21042.86% off the targeted high while a plunge would see the stock gain -1185.71% from the levels at last check today.
Cambium Networks Corp (CMBM) estimates and forecasts
The company’s shares have lost -81.03% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -20.70%.
3 analysts offering their estimates for the company have set an average revenue estimate of 42.64M for the current quarter. 2 have an estimated revenue figure of 44.15M for the next ending quarter. Year-ago sales stood 40.21M and 42.34M respectively for this quarter and the next, and analysts expect sales will grow by 6.05% for the current quarter and -20.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -117.95% over the past 5 years.
CMBM Dividends
Cambium Networks Corp is expected to release its next earnings report on 2025-Apr-01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Cambium Networks Corp (NASDAQ:CMBM)’s Major holders
Insiders own 3.91% of the company shares, while shares held by institutions stand at 74.97% with a share float percentage of 78.02%. Investors are also buoyed by the number of investors in a company, with Cambium Networks Corp having a total of 61.0 institutions that hold shares in the company. The top two institutional holders are VECTOR CAPITAL MANAGEMENT, L.P. with over 14.33 million shares worth more than $39.97 million. As of 2024-06-30, VECTOR CAPITAL MANAGEMENT, L.P. held 51.4395% of shares outstanding.
The other major institutional holder is PARADIGM CAPITAL MANAGEMENT INC/NY, with the holding of over 2.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.69 million and represent 9.8974% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund. As of Dec 31, 2024, the former fund manager holds about 1.33% shares in the company for having 375.53 shares of worth $0.14 million while later fund manager owns 156.16 shares of worth $57437.0 as of Dec 31, 2024, which makes it owner of about 0.55% of company’s outstanding stock.
