Airspan Networks Holdings Inc (AMEX: MIMO)’s stock price has dropped by -11.76 in relation to previous closing price of 0.12. Nevertheless, the company has seen a loss of -32.48% in its stock price over the last five trading days. InvestorPlace reported 2023-07-10 that If you’re holding onto your F-rated stocks, you’re playing a dangerous game. It doesn’t take a lot of time for a bad stock to do some serious damage to your portfolio.
Is It Worth Investing in Airspan Networks Holdings Inc (AMEX: MIMO) Right Now?
The 36-month beta value for MIMO is also noteworthy at 0.28. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for MIMO is $0.50, which is $0.4 above than the current price. The public float for MIMO is 28.58M, and at present, short sellers hold a 4.20% of that float. The average trading volume of MIMO on November 20, 2023 was 1.22M shares.
MIMO’s Market Performance
The stock of Airspan Networks Holdings Inc (MIMO) has seen a -32.48% decrease in the past week, with a -25.05% drop in the past month, and a -26.83% fall in the past quarter. The volatility ratio for the week is 14.77%, and the volatility levels for the past 30 days are at 12.53% for MIMO. The simple moving average for the past 20 days is -22.93% for MIMO’s stock, with a -75.07% simple moving average for the past 200 days.
Analysts’ Opinion of MIMO
Many brokerage firms have already submitted their reports for MIMO stocks, with Jefferies repeating the rating for MIMO by listing it as a “Hold.” The predicted price for MIMO in the upcoming period, according to Jefferies is $4.75 based on the research report published on March 25, 2022 of the previous year 2022.
MIMO Trading at -22.63% from the 50-Day Moving Average
After a stumble in the market that brought MIMO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -95.29% of loss for the given period.
Volatility was left at 12.53%, however, over the last 30 days, the volatility rate increased by 14.77%, as shares sank -20.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.41% lower at present.
During the last 5 trading sessions, MIMO fell by -32.48%, which changed the moving average for the period of 200-days by -92.39% in comparison to the 20-day moving average, which settled at $0.1349. In addition, Airspan Networks Holdings Inc saw -91.98% 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 MIMO starting from Trempont Dominique, who sale 11,250 shares at the price of $0.16 back on Aug 15. After this action, Trempont Dominique now owns 305,685 shares of Airspan Networks Holdings Inc, valued at $1,803 using the latest closing price.
Liebowitz Michael, the Director of Airspan Networks Holdings Inc, sale 44,825 shares at $0.21 during a trade that took place back on Aug 14, which means that Liebowitz Michael is holding 851,774 shares at $9,463 based on the most recent closing price.
Stock Fundamentals for MIMO
Current profitability levels for the company are sitting at:
- -39.90 for the present operating margin
- +39.04 for the gross margin
The net margin for Airspan Networks Holdings Inc stands at -51.05. The total capital return value is set at -72.41, while invested capital returns managed to touch -623.64.
When we switch over and look at the enterprise to sales, we see a ratio of 1.28, with the company’s debt to enterprise value settled at 0.62. The receivables turnover for the company is 3.20 and the total asset turnover is 1.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
In summary, Airspan Networks Holdings Inc (MIMO) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.