Cambium Networks Corp (NASDAQ: CMBM) is -84.00% lower on its value in year-to-date trading and has touched a low of $0.23 and a high of $2.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CMBM stock was last observed hovering at around $0.4 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $0.42, the stock is 14.49% and 4.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 5.11% at the moment leaves the stock -52.71% off its SMA200. CMBM registered -34.24% loss for a year compared to 6-month loss of -46.98%. The firm has a 50-day simple moving average (SMA 50) of $0.40598 and a 200-day simple moving average (SMA200) of $0.896665.
The stock witnessed a 20.11% gain in the last 1 month and extending the period to 3 months gives it a 25.15%, and is 9.05% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 12.60% over the week and 13.85% over the month.
Profit margin for the company is -56.98%. Distance from 52-week low is 83.23% and -83.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-185.26%).
with sales reaching $43.2M over the same period.The EPS is expected to grow by 106.94% this year, but quarterly earnings will post -20.43% year-over-year. Quarterly sales are estimated to grow 7.45% in year-over-year returns.
53.0 institutions hold shares in Cambium Networks Corp (CMBM), with institutional investors hold 74.90% of the company’s shares. The shares outstanding are 28.24M, and float is at 12.68M with Short Float at 17.63%. Institutions hold 72.24% of the Float.
The top institutional shareholder in the company is VECTOR CAPITAL MANAGEMENT, L.P. with over 14.33 million shares valued at $39.97 million. The investor’s holdings represent 51.4395 of the CMBM Shares outstanding. As of 2024-06-30, the second largest holder is PARADIGM CAPITAL MANAGEMENT INC/NY with 2.76 million shares valued at $7.69 million to account for 9.8974 of the shares outstanding. The other top investors are GOLDMAN SACHS GROUP INC which holds 1.17 million shares representing 4.2057 and valued at over $3.27 million, while NEEDHAM INVESTMENT MANAGEMENT LLC holds 2.755 of the shares totaling 0.77 million with a market value of $2.14 million.
Cambium Networks Corp (CMBM) Insider Activity
The most recent transaction is an insider sale by Cada-Bartoli Melissa Elizabeth,. SEC filings show that Cada-Bartoli Melissa Elizabeth sold 50 shares of the company’s common stock on Dec 02 ’24 at a price of $1.23 per share for a total of $62.0. Following the sale, the insider now owns 4880.0 shares.
