The closing price of Bandwidth Inc (NASDAQ: BAND) was $11.96 for the day, down -0.50% from the previous closing price of $12.02. In other words, the price has decreased by -$0.06 from its previous closing price. On the day, 508819 shares were traded.
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Ratios:
Our analysis of BAND’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.12 and its Current Ratio is at 2.12. In the meantime, Its Debt-to-Equity ratio is 2.31 whereas as Long-Term Debt/Eq ratio is at 2.29.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jan 19 when Asbill Richard Brandon sold 503 shares for $13.21 per share. The transaction valued at 6,644 led to the insider holds 17,683 shares of the business.
Morken David A. sold 2,580 shares of BAND for $34,882 on Jan 04. The Chairman & CEO now owns 57,390 shares after completing the transaction at $13.52 per share. On Jan 04, another insider, Raiford Daryl, who serves as the Chief Financial Officer of the company, sold 1,340 shares for $13.58 each. As a result, the insider received 18,192 and left with 34,191 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 365.61M and an Enterprise Value of 813.08M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 1.10. Its current Enterprise Value per Revenue stands at 1.37 whereas that against EBITDA is 16.08.
Stock Price History:
Over the past 52 weeks, BAND has reached a high of $17.50, while it has fallen to a 52-week low of $9.34. The 50-Day Moving Average of the stock is 13.78, while the 200-Day Moving Average is calculated to be 12.81.
Shares Statistics:
BAND traded an average of 288.28K shares per day over the past three months and 275.61k shares per day over the past ten days. A total of 23.38M shares are outstanding, with a floating share count of 22.68M. Insiders hold about 11.53% of the company’s shares, while institutions hold 70.49% stake in the company. Shares short for BAND as of Jan 31, 2024 were 1.6M with a Short Ratio of 5.57, compared to 1.46M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 6.26% and a Short% of Float of 7.84%.
Earnings Estimates
The firm’s stock currently is rated by 9 analysts. On average, analysts expect EPS of $0.23 for the current quarter, with a high estimate of $0.33 and a low estimate of $0.05, while EPS last year was $0.19. The consensus estimate for the next quarter is $0.22, with high estimates of $0.32 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.75 and $0.5 for the fiscal current year, implying an average EPS of $0.65. EPS for the following year is $1.42, with 9 analysts recommending between $1.92 and $0.81.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $154.4M to a low estimate of $153.83M. As of the current estimate, Bandwidth Inc’s year-ago sales were $156.97M, an estimated decrease of -1.90% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $151.88M, an increase of 14.10% over than the figure of -$1.90% in the same quarter last year. There is a high estimate of $156.8M for the next quarter, whereas the lowest estimate is $143.1M.
A total of 9 analysts have provided revenue estimates for BAND’s current fiscal year. The highest revenue estimate was $590.1M, while the lowest revenue estimate was $589.57M, resulting in an average revenue estimate of $589.86M. In the same quarter a year ago, actual revenue was $573.15M, up 2.90% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $669.31M in the next fiscal year. The high estimate is $686M and the low estimate is $636.8M. The average revenue growth estimate for next year is up 13.50% from the average revenue estimate for this year.
