Virtu Americas LLC recently announced the acquisition of new stake in Airspan Networks Holdings Inc (AMEX:MIMO). This fresh investment now brings its stake to 0.13% valued currently at $8954.0. In addition, Millennium Management LLC raised its holdings by 97493.0 to 97493.0 shares. And XTX Markets LLC has lifted its position by 313.77% or 35895.0 shares – to 47335.0 shares.
With over 52.07 million Airspan Networks Holdings Inc (MIMO) shares trading Friday and a closing price of $0.09 on the day, the dollar volume was approximately $4.69 million. The shares have shown a negative half year performance of -43.82% and its price on 01/12/24 gained nearly 8.65%. Currently, there are 74.28M common shares owned by the public and among those 5.74M shares have been available to trade.
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Insiders at the company have transacted a total of 6 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 128,906 shares.
The top 3 mutual fund holders in Airspan Networks Holdings Inc are Vanguard Total Stock Market ETF, Vanguard Extended Market Index Fu, and Fidelity Extended Market Index Fu. Vanguard Total Stock Market ETF owns 0.61 million shares of the company’s stock, all valued at over $55340.0. Fidelity Extended Market Index Fu now owns shares totaling to 0.20% of the shares outstanding.
However, the script later moved the day high at 0.1800, up 8.65%. The company’s stock has a 5-day price change of 2.28% and -42.68% over the past three months. MIMO shares are trading -5.11% year to date (YTD), with the 12-month market performance down to -94.15% lower. It has a 12-month low price of $0.07 and touched a high of $1.64 over the same period. MIMO has an average intraday trading volume of 708.54K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.34%, -23.14%, and -60.50% respectively.
Institutional ownership of Airspan Networks Holdings Inc (AMEX: MIMO) shares accounts for 20.83% of the company’s 74.28M shares outstanding. Mutual fund holders own 2.50%, while other institutional holders and individual stakeholders account for 45.54% and 1.67% respectively.
It has a market capitalization of $1.27M and a beta (3y monthly) value of 0.25. The earnings-per-share (ttm) stands at -$0.76. Price movements for the stock have been influenced by the stock’s volatility, which stands at 35.19% over the week and 20.36% over the month.
Analysts forecast that Airspan Networks Holdings Inc (MIMO) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.32 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Airspan Networks Holdings Inc (MIMO) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the MIMO, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on March 25, 2022, with the firm’s price target at $9-$4.75.
