Airgain (NASDAQ:AIRG - Get Free Report) announced its quarterly earnings results on Thursday. The technology company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14), Zacks reports. Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. The business had revenue of $15.08 million during the quarter, compared to the consensus estimate of $16.35 million. Airgain updated its Q1 2025 guidance to -0.110--0.090 EPS.
Airgain Trading Down 13.3 %
Shares of AIRG stock traded down $0.77 on Monday, hitting $5.03. 12,981 shares of the stock were exchanged, compared to its average volume of 27,307. The firm has a market capitalization of $57.07 million, a P/E ratio of -4.41 and a beta of 0.71. Airgain has a fifty-two week low of $3.72 and a fifty-two week high of $10.34. The business has a 50-day moving average of $6.96 and a 200 day moving average of $7.89.
Analyst Ratings Changes
A number of research firms recently issued reports on AIRG. Craig Hallum lowered their target price on Airgain from $12.00 to $9.00 and set a "buy" rating for the company in a research note on Friday. Northland Securities reiterated an "outperform" rating and issued a $11.50 price target (up previously from $8.00) on shares of Airgain in a report on Wednesday, November 13th.
Read Our Latest Stock Report on AIRG
Airgain Company Profile
(
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Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.
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