Currently, Airspan Networks Holdings Inc.’s (MIMO) stock is trading at $0.17, marking a gain of 10.33% from last night’s close. At this price, the stock is -95.31% below its 52-week high of $3.53 and 24.53% above its 52-week low of $0.13. Based on the past 30-day period, the stock price is -14.02% below the high and +9.93% above the low.
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The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, MIMO’s SMA-200 is $1.0322.
As well, it is important to consider MIMO stock ratios such as price-to-sales, which is currently 0.08.
How does Airspan Networks Holdings Inc. (MIMO) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 1 brokerage firms that recommend the stock as a Hold. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 3.00 in simple terms.
Airspan Networks Holdings Inc. (MIMO): Earnings History
If we examine Airspan Networks Holdings Inc.’s recent earnings history, in the last quarter ended on 3/30/2023, it posted adjusted earnings per share of -$0.28, beating the consensus of -$0.2. In other words, it beat the consensus by -$0.08, resulting in a -40.00% surprise. In the 3 months period before the previous quarter which was closed on 3/30/2023, the stock recorded adjusted earnings per share of -$0.28 in contrast with the Outlook of -$0.2. That was a difference of -$0.08 and a surprise of -40.00%.
Airspan Networks Holdings Inc. (MIMO): Earnings History
Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 1 different analysts, who are expecting earnings to fall in between the range of -0.27 and -0.27 with an average Earnings Estimate of -0.27 which is in contrast with the last year earnings estimate of -0.33 and also replicates 18.18% growth rate year over year.
Airspan Networks Holdings Inc. (AMEX: MIMO) Ownership Details
I will give a breakdown of the key shareholders in Airspan Networks Holdings Inc. (MIMO). Recent figures show that the company’s insiders hold 24.41% of shares. A total of 30 institutional investors hold shares in the company, making 46.95% of its stock and 62.11% of its float.
Mar 30, 2023, it was reported that the Company’s largest institutional holder is Oak Management Corp holding total of 28.64 million shares that make 38.40% of the company’s total number of shares and are currently priced at 4.58 million.
The securities firm Softbank Group Corporation holds 13.78 million shares of MIMO, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 18.48%, and the holding percentage of shares is valued at 2.21 million.
An overview of Airspan Networks Holdings Inc.’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Airspan Networks Holdings Inc. (MIMO) traded 319,980 shares per day, with a moving average of $0.1580 and price change of -0.0110. With the moving average of $0.1821 and a price change of -0.1511, about 4,316,800 shares changed hands on average over the past 50 days. Finally, MIMO’s 100-day average volume is 2,180,697 shares, alongside a moving average of $0.4222 and a price change of -1.1061.
