An Important Check-Up On Airspan Networks Holdings Inc (AMEX: MIMO)

Airspan Networks Holdings Inc (MIMO) concluded trading on Wednesday at a closing price of $0.16, with 12.03 million shares of worth about $1.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 3.40% during that period and on Wednesday the price saw a gain of about 18.44%. Currently the company’s common shares owned by public are about 74.28M shares, out of which, 28.93M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 4 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 4 selling transactions, insiders dumped 56,075 shares.

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Stock saw a price change of 8.97% in past 5 days and over the past one month there was a price change of 105.46%. Year-to-date (YTD), MIMO shares are showing a performance of 75.56% which decreased to -88.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.07 but also hit the highest price of $1.50 during that period. The average intraday trading volume for Airspan Networks Holdings Inc shares is 12.20 million. The stock is currently trading -16.24% below its 20-day simple moving average (SMA20), while that difference is up 19.11% for SMA50 and it goes to -8.25% lower than SMA200.

Airspan Networks Holdings Inc (AMEX: MIMO) currently have 74.28M outstanding shares and institutions hold larger chunk of about 4.24% of that.

The stock has a current market capitalization of $11.79M and its 3Y-monthly beta is at 0.32. It has posted earnings per share of -$0.76 in the same period. It has Quick Ratio of 0.22. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MIMO, volatility over the week remained 17.50% while standing at 31.17% over the month.

Analysts are in expectations that Airspan Networks Holdings Inc (MIMO) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.32 in the same quarter a year ago.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on March 25, 2022 offering a Hold rating for the stock and assigned a target price range of between $9 and $4.75 to it.

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