Airgain (AIRG) Stock Price, News & Analysis

Company Overview

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. It offers embedded and NimbeLink embedded moderms; custom cellular solutions; cellular IoT development; cellular IoT development kits; and IoT data plans. In addition, the company provides 5G connectivity, smart repeaters, and fixed wireless access; asset tracking solutions, devices, and partners; and external antennas, fleet antennas, IoT antennas, network antennas, vehicle networking, partner solutions, and accessories. It offers its products under the Antenna Plus brand. It serves industrial, consumer, automotive fleet, enterprise, energy, medical, transportation, agriculture, services, and public safety markets. The company was formerly known as AM Group and changed its name to Airgain, Inc. in 2004. Airgain, Inc. was incorporated in 1995 and is headquartered in San Diego, California.

Key Stats

• Today's Range: $9.16 to $9.65
• 50-Day Range: $7.11 to $10.29
• 52-Week Range: $2.25 to $10.34
• Volume: 47,757 shs
• Average Volume: 35,384 shs
• Market Capitalization: $106.12 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $11.75
• Consensus Rating: Buy

Airgain Stock Analysis - MarketRank™

Airgain scored higher than 50% of companies evaluated by MarketBeat, and ranked 433rd out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Airgain has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Airgain has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Airgain are expected to grow in the coming year, from ($0.52) to ($0.17) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Airgain is -8.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Airgain is -8.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Airgain has a P/B Ratio of 3.44. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.55% of the float of Airgain has been sold short.

Short Interest Ratio / Days to Cover

Airgain has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Airgain has recently increased by 17.51%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Airgain does not currently pay a dividend.

Dividend Growth

Airgain does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.55% of the float of Airgain has been sold short.

Short Interest Ratio / Days to Cover

Airgain has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in Airgain has recently increased by 17.51%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.35

News Sentiment

Airgain has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Airgain this week, compared to 2 articles on an average week.

MarketBeat Follows

3 people have added Airgain to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Airgain insiders have not sold or bought any company stock.

Percentage Held by Insiders

16.10% of the stock of Airgain is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

52.76% of the stock of Airgain is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AIRG Stock Analysis - Frequently Asked Questions

How have AIRG shares performed this year?

Airgain's stock was trading at $3.56 at the beginning of the year. Since then, AIRG stock has increased by 162.6% and is now trading at $9.35.
View the best growth stocks for 2024 here.

How were Airgain's earnings last quarter?

Airgain, Inc. (NASDAQ:AIRG) announced its quarterly earnings data on Tuesday, November, 9th. The technology company reported ($0.11) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by $0.06. The technology company earned $15.46 million during the quarter, compared to analyst estimates of $15.85 million. Airgain had a negative net margin of 21.96% and a negative trailing twelve-month return on equity of 29.90%.

Does Airgain have any subsidiaries?

Airgain subsidiaries include NimbeLink, Antenna Plus, and Skycross.

When did Airgain IPO?

Airgain (AIRG) raised $14 million in an initial public offering (IPO) on Friday, August 12th 2016. The company issued 1,500,000 shares at a price of $9.00-$10.00 per share. Northland Capital Markets and Wunderlich acted as the underwriters for the IPO.

Who are Airgain's major shareholders?

Top institutional investors of Airgain include Perkins Capital Management Inc. (2.16%), Bard Associates Inc. (1.37%), Geode Capital Management LLC (0.99%) and US Bancorp DE (0.62%). Insiders that own company stock include James K Sims, Jacob Suen, Michael Elbaz, Ali Sadri, Arthur M Toscanini and Morad Sbahi.
View institutional ownership trends.

How do I buy shares of Airgain?

Shares of AIRG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Airgain own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Airgain investors own include Clovis Oncology (CLVS), PayPal (PYPL), Meta Platforms (META), QUALCOMM (QCOM), NVIDIA (NVDA), Block (SQ) and Taiwan Semiconductor Manufacturing (TSM).

Company Calendar

• Last Earnings: 11/09/2021
• Today: 11/17/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/05/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Radio & t.v. communications equipment
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:AIRG
• CUSIP: N/A
• CIK: 1272842
• Web: www.airgain.com
• Phone: (760) 579-0200
• Fax: 760-579-0892
• Employees: 140
• Year Founded: 1995

Price Target and Rating

• Average Stock Price Target: $11.75
• High Stock Price Target: $12.00
• Low Stock Price Target: $11.50
• Potential Upside/Downside: +25.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.14)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-12,430,000.00
• Net Margins: -21.96%
• Pretax Margin: -22.15%
• Return on Equity: -29.90%
• Return on Assets: -21.77%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.92
• Quick Ratio: 1.76

Sales & Book Value

• Annual Sales: $56.04 million
• Price / Sales: 1.89
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.72 per share
• Price / Book: 3.44

Miscellaneous

• Outstanding Shares: 11,350,000
• Free Float: 9,518,000
• Market Cap: $106.12 million
• Optionable: Optionable
• Beta: 0.69