At the time of writing, Bandwidth Inc [BAND] stock is trading at $19.50, up 3.50%. An important factor to consider is whether the stock is rising or falling in short-term value. The BAND shares have gain 10.23% over the last week, with a monthly amount glided 11.94%, 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 $9.72 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 $19.50 at the most recent close of the market. An investor can expect a potential return of 138.1% 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 0.37% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.05 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.5.
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 18.33 points at the first support level, and at 17.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.84, and for the 2nd resistance point, it is at 24.17.
Ratios To Look Out For
It is important to note that Bandwidth Inc [NASDAQ:BAND] has a current ratio of 1.13. On the other hand, the Quick Ratio is 1.13, and the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 1.73.
Transactions by insiders
Recent insider trading involved DEVIN KRUPKA, Officer, that happened on Oct 31 ’24 when 2149.0 shares were purchased. Chief Financial Officer, Raiford Daryl completed a deal on Sep 03 ’24 to sell 4350.0 shares. Meanwhile, Controller, PAO Krupka Devin M sold 400.0 shares on Aug 29 ’24.
