In the last trading session, 2.06 million Cambium Networks Corp (NASDAQ:CMBM) shares changed hands as the company’s beta touched 1.39. With the company’s per share price at $0.38 changed hands at -$0.01 or -2.01% during last session, the market valuation stood at $10.76M. CMBM’s last price was a discount, traded about -681.58% off its 52-week high of $2.97. The share price had its 52-week low at $0.23, which suggests the last value was 39.47% up since then. When we look at Cambium Networks Corp’s average trading volume, we note the 10-day average is 0.64 million shares, with the 3-month average coming to 1.82 million.
Analysts gave the Cambium Networks Corp (CMBM) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. 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, 0 recommended CMBM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
Cambium Networks Corp (NASDAQ:CMBM) trade information
Instantly CMBM was in red as seen at the end of in last trading. With action 12.06%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -87.26%, with the 5-day performance at 12.06% in the green. However, in the 30-day time frame, Cambium Networks Corp (NASDAQ:CMBM) is -11.60% down. Looking at the short shares, we see there were 2.24 million shares sold at short interest cover period of 0.51 days.
The consensus price target for the stock as assigned by Wall Street analysts is 24, meaning bulls need an upside of 98.42% from its current 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 -19373.68% plunge from its current level, while the stock would need to soar -1084.21% for it to hit the projected low.
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 2025 estimates are for Cambium Networks Corp earnings to increase by 106.94%.
CMBM Dividends
Cambium Networks Corp is expected to release its next quarterly earnings report on 2024-Nov-07.
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 72.35% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 75.29%. There are 72.35% 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 Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . With 375.53 shares estimated at $0.14 million under it, the former controlled 1.33% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held about 0.55% of the shares, roughly 156.16 shares worth around $59498.0.
