Cambium Networks Corp (CMBM) Stock: Analyzing the Market Value

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The 36-month beta value for CMBM is at 0.97. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

The public float for CMBM is 12.04M, and currently, shorts hold a 4.42% of that float. The average trading volume for CMBM on April 19, 2024 was 108.26K shares.

CMBM) stock’s latest price update

The stock of Cambium Networks Corp (NASDAQ: CMBM) has decreased by -8.04 when compared to last closing price of 3.73.Despite this, the company has seen a loss of -17.94% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that ATUS, CMBM and ARW have been added to the Zacks Rank #5 (Strong Sell) List on April 16, 2024.

CMBM’s Market Performance

Cambium Networks Corp (CMBM) has seen a -17.94% fall in stock performance for the week, with a -21.15% decline in the past month and a -29.13% plunge in the past quarter. The volatility ratio for the week is 7.04%, and the volatility levels for the past 30 days are at 4.92% for CMBM. The simple moving average for the past 20 days is -19.20% for CMBM’s stock, with a -48.01% simple moving average for the past 200 days.

Analysts’ Opinion of CMBM

JP Morgan gave a rating of “Underweight” to CMBM, setting the target price at $12 in the report published on August 02nd of the previous year.

CMBM Trading at -20.02% from the 50-Day Moving Average

After a stumble in the market that brought CMBM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.04% of loss for the given period.

Volatility was left at 4.92%, however, over the last 30 days, the volatility rate increased by 7.04%, as shares sank -26.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.42% lower at present.

During the last 5 trading sessions, CMBM fell by -17.94%, which changed the moving average for the period of 200-days by -77.70% in comparison to the 20-day moving average, which settled at $4.18. In addition, Cambium Networks Corp saw -42.83% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at CMBM starting from Verma Vikram, who purchase 500 shares at the price of $4.58 back on Dec 07 ’23. After this action, Verma Vikram now owns 4,000 shares of Cambium Networks Corp, valued at $2,288 using the latest closing price.

Verma Vikram, the Director of Cambium Networks Corp, purchase 1,000 shares at $4.60 during a trade that took place back on Dec 06 ’23, which means that Verma Vikram is holding 3,500 shares at $4,600 based on the most recent closing price.

Stock Fundamentals for CMBM

Current profitability levels for the company are sitting at:

  • -0.26 for the present operating margin
  • 0.32 for the gross margin

The net margin for Cambium Networks Corp stands at -0.29. The total capital return value is set at -0.47. Equity return is now at value -68.42, with -31.77 for asset returns.

Based on Cambium Networks Corp (CMBM), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at -0.64. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -22.75.

Currently, EBITDA for the company is -49.43 million with net debt to EBITDA at -0.29. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 3.42for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.

Conclusion

In conclusion, Cambium Networks Corp (CMBM) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.

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