Stock Market Recap: Cambium Networks Corp (CMBM) Concludes at 2.37, a -4.82 Surge/Decline

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After finishing at $2.49 in the prior trading day, Cambium Networks Corp (NASDAQ: CMBM) closed at $2.37, down -4.82%. In other words, the price has decreased by -$4.82 from its previous closing price. On the day, 0.12 million shares were traded. CMBM stock price reached its highest trading level at $2.49 during the session, while it also had its lowest trading level at $2.36.

Ratios:

Our goal is to gain a better understanding of CMBM by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 1.97. In the meantime, Its Debt-to-Equity ratio is 1.24 whereas as Long-Term Debt/Eq ratio is at 1.19.

JP Morgan Downgraded its Neutral to Underweight on August 02, 2023, whereas the target price for the stock was revised from $17 to $12.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 07 ’23 when Verma Vikram bought 500 shares for $4.58 per share. The transaction valued at 2,288 led to the insider holds 4,000 shares of the business.

Verma Vikram bought 1,000 shares of CMBM for $4,600 on Dec 06 ’23. The Director now owns 3,500 shares after completing the transaction at $4.60 per share. On Dec 05 ’23, another insider, Verma Vikram, who serves as the Director of the company, bought 1,500 shares for $4.61 each. As a result, the insider paid 6,919 and bolstered with 2,500 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, CMBM now has a Market Capitalization of 66112804 and an Enterprise Value of 97639904. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.36 while its Price-to-Book (P/B) ratio in mrq is 1.16. Its current Enterprise Value per Revenue stands at 0.527 whereas that against EBITDA is -1.205.

Stock Price History:

The Beta on a monthly basis for CMBM is 0.95, which has changed by -0.8396482 over the last 52 weeks, in comparison to a change of 0.25510752 over the same period for the S&P500. Over the past 52 weeks, CMBM has reached a high of $16.56, while it has fallen to a 52-week low of $2.47. The 50-Day Moving Average of the stock is -28.44%, while the 200-Day Moving Average is calculated to be -46.70%.

Shares Statistics:

The stock has traded on average 125.85K shares per day over the past 3-months and 277140 shares per day over the last 10 days, according to various share statistics. A total of 27.83M shares are outstanding, with a floating share count of 12.34M. Insiders hold about 55.77% of the company’s shares, while institutions hold 36.77% stake in the company. Shares short for CMBM as of 1718323200 were 549196 with a Short Ratio of 4.36, compared to 1715731200 on 630817. Therefore, it implies a Short% of Shares Outstanding of 549196 and a Short% of Float of 4.3999999999999995.

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