A share price of Bandwidth Inc [BAND] is currently trading at $22.51, up 0.04%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BAND shares have gain 3.40% over the last week, with a monthly amount glided 33.35%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bandwidth Inc [NASDAQ: BAND] stock has seen the most recent analyst activity on June 14, 2024, when Morgan Stanley downgraded its rating to a Underweight and also revised its price target to $15 from $18. Previously, Piper Sandler downgraded its rating to Neutral on January 17, 2023, and elevated its price target to $25. On September 13, 2022, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $21 on the stock. Robert W. Baird downgraded its rating to a Neutral and decreased its price target to $25 on May 16, 2022. Needham downgraded its rating to a Hold. Piper Sandler reiterated a Overweight rating for this stock on February 24, 2022, and downed its price target to $51. In a note dated February 24, 2022, JMP Securities reiterated an Mkt Outperform rating on this stock and revised its target price from $206 to $100.
Bandwidth Inc experienced fluctuations in its stock price throughout the past year between $9.34 and $25.02. Currently, Wall Street analysts expect the stock to reach $64 within the next 12 months. Bandwidth Inc [NASDAQ: BAND] shares were valued at $22.51 at the most recent close of the market. An investor can expect a potential return of 184.32% based on the average BAND price forecast.
Analyzing the BAND fundamentals
Trailing Twelve Months sales for Bandwidth Inc [NASDAQ:BAND] were 634.31M which represents 24.08% growth. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.1 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.42.
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 21.93 points at the first support level, and at 21.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.50, and for the 2nd resistance point, it is at 24.48.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bandwidth Inc [NASDAQ:BAND] is 2.33. Also, the Quick Ratio is 2.33, while the Cash Ratio stands at 0.97. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 2.04.
Transactions by insiders
Recent insider trading involved Raiford Daryl, Chief Financial Officer, that happened on Jul 23 ’24 when 1769.0 shares were sold. Chief Information Officer, Ross Kade completed a deal on Jun 28 ’24 to sell 3500.0 shares. Meanwhile, Director Roush Lukas M. bought 4963.0 shares on Jun 14 ’24.
