As of close of business last night, Bandwidth Inc’s stock clocked out at $18.88, up 3.17% from its previous closing price of $18.30. In other words, the price has increased by $+0.58 from its previous closing price. On the day, 411670 shares were traded.
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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 3.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.97. 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 07 ’24 when Bottorff Rebecca sold 8,376 shares for $19.92 per share. The transaction valued at 166,826 led to the insider holds 27,071 shares of the business.
Bottorff Rebecca sold 6,232 shares of BAND for $115,260 on Mar 05 ’24. The Chief People Officer now owns 35,447 shares after completing the transaction at $18.49 per share. On Mar 04 ’24, another insider, Morken David A., who serves as the Chairman & CEO of the company, sold 6,783 shares for $19.35 each. As a result, the insider received 131,252 and left with 75,918 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 495.99M and an Enterprise Value of 987.05M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 1.66. Its current Enterprise Value per Revenue stands at 1.64 whereas that against EBITDA is 42.51.
Stock Price History:
Over the past 52 weeks, BAND has reached a high of $21.68, while it has fallen to a 52-week low of $9.34. The 50-Day Moving Average of the stock is 15.40, while the 200-Day Moving Average is calculated to be 13.40.
Shares Statistics:
It appears that BAND traded 379.93K shares on average per day over the past three months and 460.69k shares per day over the past ten days. A total of 24.21M shares are outstanding, with a floating share count of 23.22M. Insiders hold about 11.62% of the company’s shares, while institutions hold 68.80% stake in the company. Shares short for BAND as of Feb 29, 2024 were 1.66M with a Short Ratio of 4.36, compared to 1.6M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.31% and a Short% of Float of 7.86%.
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.
