Bandwidth Inc. (NASDAQ:BAND) went up by 14.83% from its latest closing price compared to the recent 1-year high of $145.97. The company’s stock price has collected 27.23% of gains in the last five trading sessions.
Is It Worth Investing in Bandwidth Inc. (NASDAQ :BAND) Right Now?
Plus, the 36-month beta value for BAND is at 1.00. Opinions of the stock are interesting as 4 analysts out of 9 who provided ratings for Bandwidth Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $50.00, which is $30.67 above the current price. BAND currently public float of 21.13M and currently shorts hold a 13.59% ratio of that float. Today, the average trading volume of BAND was 538.35K shares.
BAND’s Market Performance
BAND stocks went up by 27.23% for the week, with a monthly jump of 1.34% and a quarterly performance of -30.80%, while its annual performance rate touched -84.08%. The volatility ratio for the week stands at 8.44% while the volatility levels for the past 30 days are set at 8.10% for Bandwidth Inc. The simple moving average for the period of the last 20 days is 8.79% for BAND stocks with a simple moving average of -61.77% for the last 200 days.
Analysts’ Opinion of BAND
Many brokerage firms have already submitted their reports for BAND stocks, with Robert W. Baird repeating the rating for BAND by listing it as a “Neutral.” The predicted price for BAND in the upcoming period, according to Robert W. Baird is $25 based on the research report published on May 16th of the current year 2022.
Piper Sandler gave a rating of “Overweight” to BAND, setting the target price at $51 in the report published on February 24th of the current year.
BAND Trading at -4.43% from the 50-Day Moving Average
After a stumble in the market that brought BAND to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.47% of loss for the given period.
Volatility was left at 8.10%, however, over the last 30 days, the volatility rate increased by 8.44%, as shares surge +8.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.74% lower at present.
During the last 5 trading sessions, BAND rose by +27.23%, which changed the moving average for the period of 200-days by -80.11% in comparison to the 20-day moving average, which settled at $19.57. In addition, Bandwidth Inc. saw -70.44% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at BAND starting from Bartolo Anthony, who purchase 10,000 shares at the price of $15.88 back on Jun 13. After this action, Bartolo Anthony now owns 22,000 shares of Bandwidth Inc., valued at $158,800 using the latest closing price.
Bottorff Rebecca, the Chief People Officer of Bandwidth Inc., sale 266 shares at $21.18 during a trade that took place back on Jun 06, which means that Bottorff Rebecca is holding 12,016 shares at $5,634 based on the most recent closing price.
Stock Fundamentals for BAND
Equity return is now at value -7.50, with -2.70 for asset returns.