Cambium Networks Corp (NASDAQ: CMBM) is -65.17% lower on its value in year-to-date trading and has touched a low of $0.23 and a high of $2.19 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 $0.71 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.7, the stock is 61.74% and 67.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing -1.82% at the moment leaves the stock -17.13% off its SMA200. CMBM registered 8.56% gain for a year compared to 6-month loss of -27.57%. The firm has a 50-day simple moving average (SMA 50) of $0.40876 and a 200-day simple moving average (SMA200) of $0.854765.
The stock witnessed a 118.75% gain in the last 1 month and extending the period to 3 months gives it a 75.44%, and is 64.78% 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 28.04% over the week and 15.41% over the month.
Profit margin for the company is -56.98%. Distance from 52-week low is 202.51% and -68.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-185.26%).
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 12.67M with Short Float at 14.15%. 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.
