Bandwidth Inc [BAND] stock is trading at $21.61, up 1.65%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BAND shares have gain 20.12% over the last week, with a monthly amount glided 13.68%, 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 [BAND] stock has fluctuated between $10.60 and $25.02 over the past year. Currently, Wall Street analysts expect the stock to reach $46.43 within the next 12 months. Bandwidth Inc [NASDAQ: BAND] shares were valued at $21.61 at the most recent close of the market. An investor can expect a potential return of 114.85% based on the average BAND price forecast.
Analyzing the BAND fundamentals
Bandwidth Inc [NASDAQ:BAND] reported sales of 703.90M for the trailing twelve months, which represents a growth of 27.54%. Gross Profit Margin for this corporation currently stands at 0.35% 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 of0.91.
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 21.25 points at the first support level, and at 20.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 21.83, and for the 2nd resistance point, it is at 22.06.
Ratios To Look Out For
For context, Bandwidth Inc’s Current Ratio is 1.27. Further, the Quick Ratio stands at 1.27, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 0.84, the price to book ratio is 1.77.
Transactions by insiders
Recent insider trading involved Krupka Devin M, Controller, PAO, that happened on Nov 04 ’24 when 10.0 shares were sold. Chief People Officer, Bottorff Rebecca completed a deal on Nov 04 ’24 to sell 32.0 shares. Meanwhile, Chairman & CEO Morken David A. sold 95.0 shares on Nov 04 ’24.
