Cambium Networks Corp [NASDAQ: CMBM] stock went on an upward path that rose over 40.49% on Tuesday, amounting to a one-week price increase of more than 78.25%.
Over the last 12 months, CMBM stock rose by 10.58%. The one-year Cambium Networks Corp stock forecast points to a potential upside of 89.86. The average equity rating for CMBM stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $20.13 million, with 28.24 million shares outstanding and 12.68 million shares in the current float. Compared to the average trading volume of 1.84M shares, CMBM stock reached a trading volume of 16628915 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 Price to Book ratio for the last quarter was 0.46, with the Price to Cash per share for the same quarter was set at 1.65.
CMBM Stock Performance Analysis:
Cambium Networks Corp [CMBM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 78.25. With this latest performance, CMBM shares gained by 106.07% in over the last four-week period, additionally sinking by -26.90% over the last 6 months – not to mention a rise of 10.58% 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 81.23, with the RSI for the last a single of trading hit 0.0882, and the three-weeks RSI is set at 0.0711 for Cambium Networks Corp [CMBM]. The present Moving Average for the last 50 days of trading for this stock 0.4140, while it was recorded at 0.5074 for the last single week of trading, and 0.8497 for the last 200 days.
Insight into Cambium Networks Corp 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%.
Return on Equity for this stock declined to -41.89%, with Return on Assets sitting at -41.89%.
Cambium Networks Corp [CMBM] Institutonal Ownership Details
There are presently around $72.24%, or 74.90% 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%.
