Airgain, Inc. (NASDAQ:AIRG – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 129,100 shares, an increase of 29.2% from the September 30th total of 99,900 shares. Based on an average daily volume of 40,400 shares, the short-interest ratio is presently 3.2 days. Currently, 1.3% of the company’s stock are short sold.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on AIRG. Craig Hallum boosted their price target on Airgain from $5.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Northland Securities boosted their target price on Airgain from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th.
View Our Latest Report on Airgain
Institutional Investors Weigh In On Airgain
Airgain Price Performance
Shares of NASDAQ:AIRG opened at $9.23 on Monday. The company’s 50-day moving average price is $8.05 and its two-hundred day moving average price is $6.70. Airgain has a one year low of $1.63 and a one year high of $9.68. The stock has a market capitalization of $99.47 million, a PE ratio of -8.10 and a beta of 0.72.
Airgain (NASDAQ:AIRG – Get Free Report) last released its earnings results on Tuesday, August 6th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.16). The business had revenue of $15.18 million for the quarter, compared to analyst estimates of $15.00 million. Airgain had a negative return on equity of 29.18% and a negative net margin of 23.19%. On average, analysts anticipate that Airgain will post -0.52 earnings per share for the current fiscal year.
Airgain Company Profile
Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.
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