As of close of business last night, Bandwidth Inc’s stock clocked out at $19.46, up 6.28% from its previous closing price of $18.31. In other words, the price has increased by $+1.15 from its previous closing price. On the day, 776215 shares were traded. BAND stock price reached its highest trading level at $19.47 during the session, while it also had its lowest trading level at $17.62.
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Ratios:
To gain a deeper understanding of BAND’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.80. For the most recent quarter (mrq), Quick Ratio is recorded 2.03 and its Current Ratio is at 2.03. In the meantime, Its Debt-to-Equity ratio is 2.17 whereas as Long-Term Debt/Eq ratio is at 2.15.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on January 17, 2023, Downgraded its rating to Neutral and sets its target price to $25 from $18 previously.
On September 13, 2022, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $21.
Robert W. Baird Downgraded its Outperform to Neutral on May 16, 2022, whereas the target price for the stock was revised from $38 to $25.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 05 ’24 when Bottorff Rebecca sold 6,232 shares for $18.49 per share. The transaction valued at 115,260 led to the insider holds 35,447 shares of the business.
Morken David A. sold 6,783 shares of BAND for $131,252 on Mar 04 ’24. The Chairman & CEO now owns 75,918 shares after completing the transaction at $19.35 per share. On Mar 04 ’24, another insider, Bottorff Rebecca, who serves as the Chief People Officer of the company, sold 6,465 shares for $19.35 each. As a result, the insider received 125,099 and left with 41,679 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BAND now has a Market Capitalization of 481.02M and an Enterprise Value of 972.08M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 1.62 whereas that against EBITDA is 41.86.
Stock Price History:
The Beta on a monthly basis for BAND is 1.50, which has changed by 21.18% over the last 52 weeks, in comparison to a change of 29.61% over the same period for the S&P500. Over the past 52 weeks, BAND has reached a high of $20.99, while it has fallen to a 52-week low of $9.34. The 50-Day Moving Average of the stock is 14.40, while the 200-Day Moving Average is calculated to be 13.03.
Shares Statistics:
It appears that BAND traded 372.34K shares on average per day over the past three months and 911.95k shares per day over the past ten days. A total of 24.21M shares are outstanding, with a floating share count of 23.29M. Insiders hold about 11.36% of the company’s shares, while institutions hold 68.80% stake in the company. Shares short for BAND as of Feb 15, 2024 were 1.77M with a Short Ratio of 4.75, compared to 1.45M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.76% and a Short% of Float of 8.43%.
Earnings Estimates
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.35 and a low estimate of $0.09, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.26, with high estimates of $0.41 and low estimates of $0.1.
Analysts are recommending an EPS of between $1.75 and $0.98 for the fiscal current year, implying an average EPS of $1.35. EPS for the following year is $1.59, with 9 analysts recommending between $2.32 and $1.08.
Revenue Estimates
In the current quarter, 8 analysts expect revenue to total $165.06M. It ranges from a high estimate of $165.9M to a low estimate of $164.7M. As of the current estimate, Bandwidth Inc’s year-ago sales were $133.08M, an estimated increase of 24.00% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $166.61M, an increase of 14.20% less than the figure of $24.00% in the same quarter last year. There is a high estimate of $170.1M for the next quarter, whereas the lowest estimate is $157.5M.
A total of 9 analysts have provided revenue estimates for BAND’s current fiscal year. The highest revenue estimate was $704.8M, while the lowest revenue estimate was $699.7M, resulting in an average revenue estimate of $701.1M. In the same quarter a year ago, actual revenue was $601.12M, up 16.60% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $737.29M in the next fiscal year. The high estimate is $770M and the low estimate is $696.8M. The average revenue growth estimate for next year is up 5.20% from the average revenue estimate for this year.
