Cambium Networks Corp [NASDAQ: CMBM] traded at a low on Wednesday, posting a -4.32 loss after which it closed the day’ session at $1.00.
The results of the trading session contributed to over 435044 shares changing hands. Over the past one week, the price volatility of Cambium Networks Corp stands at 21.18% while the volatility over the past one month is 16.42%.
The market cap for CMBM stock reached $28.10 million, with 28.24 million shares outstanding and 12.64 million shares in the current float. Compared to the average trading volume of 214.45K shares, CMBM reached a trading volume of 435044 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Cambium Networks Corp [CMBM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CMBM shares is $3.34 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CMBM stock is a recommendation set at 1.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Oppenheimer have made an estimate for Cambium Networks Corp shares, keeping their opinion on the stock as Perform, with their previous recommendation back on October 05, 2023. The new note on the price target was released on October 05, 2023, representing the official price target for Cambium Networks Corp stock. Previously, the target price had yet another drop from $17 to $12, while JP Morgan kept a Underweight rating on CMBM stock. On November 15, 2022, analysts decreased their price target for CMBM shares from 29 to 26.
The Average True Range (ATR) for Cambium Networks Corp is set at 0.14, with the Price to Sales ratio for CMBM stock in the period of the last 12 months amounting to 0.16. The Price to Book ratio for the last quarter was 0.64, with the Price to Cash per share for the same quarter was set at 1.65.
How has CMBM stock performed recently?
Cambium Networks Corp [CMBM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 54.33. With this latest performance, CMBM shares gained by 0.50% in over the last four-week period, additionally sinking by -57.66% over the last 6 months – not to mention a drop of -81.74% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CMBM stock in for the last two-week period is set at 54.36, with the RSI for the last a single of trading hit 60.08, and the three-weeks RSI is set at 50.40 for Cambium Networks Corp [CMBM]. The present Moving Average for the last 50 days of trading for this stock 1.0490, while it was recorded at 0.9224 for the last single week of trading, and 2.1978 for the last 200 days.
Cambium Networks Corp [CMBM]: Deeper insight into the fundamentals
Cambium Networks Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.82 and a Current Ratio set at 1.10.
Earnings analysis for Cambium Networks Corp [CMBM]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CMBM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cambium Networks Corp go to 20.00%.
Insider trade positions for Cambium Networks Corp [CMBM]
There are presently around $78.32%, or 81.50%% of CMBM stock, in the hands of institutional investors. The top three institutional holders of CMBM stocks are: VECTOR CAPITAL MANAGEMENT, L.P. with ownership of 14.33 million shares, which is approximately 51.4395%. PARADIGM CAPITAL MANAGEMENT INC/NY, holding 2.76 million shares of the stock with an approximate value of $$7.69 million in CMBM stocks shares; and PARADIGM CAPITAL MANAGEMENT INC/NY, currently with $$3.27 million in CMBM stock with ownership which is approximately 4.2057%.
