Cambium Networks Corp [NASDAQ: CMBM] price surged by 0.83 percent to reach at $0.0.
The one-year CMBM stock forecast points to a potential upside of 95.0. The average equity rating for CMBM stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 Average True Range (ATR) for Cambium Networks Corp is set at 0.08, with the Price to Sales ratio for CMBM stock in the period of the last 12 months amounting to 0.06. The Price to Book ratio for the last quarter was 0.23, with the Price to Cash per share for the same quarter was set at 1.65.
CMBM Stock Performance Analysis:
Cambium Networks Corp [CMBM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.60. With this latest performance, CMBM shares dropped by -21.83% in over the last four-week period, additionally sinking by -71.07% over the last 6 months – not to mention a drop of -88.43% 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 36.99, with the RSI for the last a single of trading hit 34.24, and the three-weeks RSI is set at 38.61 for Cambium Networks Corp [CMBM]. The present Moving Average for the last 50 days of trading for this stock 0.4428, while it was recorded at 0.3594 for the last single week of trading, and 1.0399 for the last 200 days.
Insight into Cambium Networks Corp 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.
Cambium Networks Corp [CMBM] Institutonal Ownership Details
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%.
