Cambium Networks Corp [NASDAQ: CMBM] surged by $0.81 during the normal trading session on Wednesday and reaching a high of $3.5 during the day while it closed the day at $3.06.
Cambium Networks Corp stock has also gained 12.09% of its value over the past 7 days. However, CMBM stock has inclined by 282.98% in the 3 months of the year. Over the past six months meanwhile, it has gained 512.12% and gained 159.32% year-on date.
The market cap for CMBM stock reached $86.43 million, with 28.24 million shares outstanding and 13.64 million shares in the current float. Compared to the average trading volume of 14.77M shares, CMBM reached a trading volume of 18428388 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $7.00 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 1.00. 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 Price to Book ratio for the last quarter was 1.98, with the Price to Cash per share for the same quarter was set at 1.65.
CMBM stock trade performance evaluation
Cambium Networks Corp [CMBM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.09. With this latest performance, CMBM shares gained by 271.99% in over the last four-week period, additionally plugging by 512.12% over the last 6 months – not to mention a rise of 374.57% 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 62.67, with the RSI for the last a single of trading hit 0.82, and the three-weeks RSI is set at 0.58 for Cambium Networks Corp [CMBM]. The present Moving Average for the last 50 days of trading for this stock 1.22, while it was recorded at 2.57 for the last single week of trading, and 0.80 for the last 200 days.
Cambium Networks Corp [CMBM]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Cambium Networks Corp [CMBM] shares currently have an operating margin of -47.36% and a Gross Margin at 13.35%. Cambium Networks Corp’s Net Margin is presently recorded at -56.98%.
Cambium Networks Corp (CMBM) Capital Structure & Debt Analysis
According to recent financial data for Cambium Networks Corp. ( CMBM), the Return on Equity (ROE) stands at -112.88%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -41.89%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Cambium Networks Corp’s Return on Invested Capital (ROIC) is -185.26%, showcasing its effectiveness in deploying capital for earnings.
Cambium Networks Corp (CMBM) Efficiency & Liquidity Metrics
Based on Cambium Networks Corp’s (CMBM) latest financial statements, the Debt-to-Equity Ratio is 1.76%, indicating its reliance on debt financing relative to shareholder equity.
Cambium Networks Corp (CMBM) Efficiency & Liquidity Metrics
Earnings per share (EPS) analysis for Cambium Networks Corp [CMBM] stock
With the latest financial reports released by the company, Cambium Networks Corp posted -0.95/share EPS, while the average EPS was predicted by analysts to be reported at -0.39/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.56. 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.
Cambium Networks Corp [CMBM]: Institutional Ownership
There are presently around $63.70%, or 66.25%% 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%.
