A share price of Bandwidth Inc [BAND] is currently trading at $18.44, up 51.77%. An important factor to consider is whether the stock is rising or falling in short-term value. The BAND shares have gain 38.86% over the last week, with a monthly amount glided 25.87%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, Bandwidth Announces Fourth Quarter and Full Year 2023 Financial Results, Exceeding Revenue and Profitability Guidance. In a post published today on Yahoo Finance, Achieved 39% profitability growth, net operating cash flow of $39 million and record Free Cash Flow in 2023.
From an analyst’s perspective:
Bandwidth Inc [NASDAQ: BAND] stock has seen the most recent analyst activity on January 17, 2023, when Piper Sandler downgraded its rating to a Neutral and also boosted its price target to $25 from $18. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on September 13, 2022, and set its price target to $21. On May 16, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $25 on the stock. Needham downgraded its rating to a Hold. Piper Sandler reiterated its recommendation of a Overweight and reduced its price target to $51 on February 24, 2022. JMP Securities reiterated a Mkt Outperform rating for this stock on February 24, 2022, and downed its price target to $100. In a note dated February 24, 2022, Citigroup reiterated an Neutral rating on this stock and boosted its target price from $44 to $57.
Bandwidth Inc experienced fluctuations in its stock price throughout the past year between $9.34 and $17.50. Currently, Wall Street analysts expect the stock to reach $90.67 within the next 12 months. Bandwidth Inc [NASDAQ: BAND] shares were valued at $18.44 at the most recent close of the market. An investor can expect a potential return of 391.7% based on the average BAND price forecast.
Analyzing the BAND fundamentals
Trailing Twelve Months sales for Bandwidth Inc [NASDAQ:BAND] were 592.71M which represents 2.49% growth. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.06 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.17.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.98 points at the first support level, and at 15.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.40, and for the 2nd resistance point, it is at 20.35.
Bandwidth Inc [BAND] reported earnings per share of $0.23 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.17/share, meaning a difference of $0.06 and a surprise factor of 35.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.16 per share as compared to estimates of $0.04 per share, a difference of $0.12 representing a surprise of 300.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bandwidth Inc [NASDAQ:BAND] is 2.12. On the other hand, the Quick Ratio is 2.12, and the Cash Ratio is 1.08. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 1.69.
Transactions by insiders
Recent insider trading involved Asbill Richard Brandon, General Counsel, that happened on Jan 19 when 503.0 shares were sold. Chairman & CEO, Morken David A. completed a deal on Jan 04 to sell 2580.0 shares. Meanwhile, Chief Financial Officer Raiford Daryl sold 1340.0 shares on Jan 04.
