Currently, there are 28.24M common shares owned by the public and among those 12.68M shares have been available to trade.
The company’s stock has a 5-day price change of -17.60% and -56.42% over the past three months. CMBM shares are trading -45.25% year to date (YTD), with the 12-month market performance down to -88.43% lower. It has a 12-month low price of $0.23 and touched a high of $3.30 over the same period. CMBM has an average intraday trading volume of 239.97K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -19.22%, -20.29%, and -66.05% respectively.
Institutional ownership of Cambium Networks Corp (NASDAQ: CMBM) shares accounts for 21.43% of the company’s 28.24M shares outstanding.
It has a market capitalization of $9.97M and a beta (3y monthly) value of 1.34. The earnings-per-share (ttm) stands at -$3.53. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.59% over the week and 6.89% over the month.
Analysts forecast that Cambium Networks Corp (CMBM) will achieve an EPS of -0.13 for the current quarter, -0.09 for the next quarter and 0.05 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.13 while analysts give the company a high EPS estimate of -0.13. Comparatively, EPS for the current quarter was -0.95 a year ago.
JP Morgan was of a view on August 02, 2023 that the stock is Underweight, while Raymond James gave the stock Outperform rating on November 15, 2022, issuing a price target of $29- $26. Barrington Research on their part issued Mkt Perform rating on April 14, 2022.
