At the time of writing, Bandwidth Inc [BAND] stock is trading at $17.80, up 3.25%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BAND shares have gain 3.79% over the last week, with a monthly amount glided 2.77%, 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.
For the past year, the stock price of Bandwidth Inc fluctuated between $9.34 and $25.02. Currently, Wall Street analysts expect the stock to reach $46.43 within the next 12 months. Bandwidth Inc [NASDAQ: BAND] shares were valued at $17.80 at the most recent close of the market. An investor can expect a potential return of 160.84% based on the average BAND price forecast.
Analyzing the BAND fundamentals
According to Bandwidth Inc [NASDAQ:BAND], the company’s sales were 662.03M for trailing twelve months, which represents an 19.01% jump. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at -0.05%, 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 -0.02, Equity is -0.07 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.05.
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 17.44 points at the first support level, and at 17.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.02, and for the 2nd resistance point, it is at 18.23.
Ratios To Look Out For
It is important to note that Bandwidth Inc [NASDAQ:BAND] has a current ratio of 1.13. As well, the Quick Ratio is 1.13, while the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 1.58.
Transactions by insiders
Recent insider trading involved Raiford Daryl, Chief Financial Officer, that happened on Sep 03 ’24 when 4350.0 shares were sold. Controller, PAO, Krupka Devin M completed a deal on Aug 29 ’24 to sell 400.0 shares. Meanwhile, Chief Information Officer Ross Kade sold 1064.0 shares on Aug 29 ’24.
