The stock of Cambium Networks Corp (CMBM) has gone down by -7.80% for the week, with a -24.42% drop in the past month and a -34.67% drop in the past quarter. The volatility ratio for the week is 5.47%, and the volatility levels for the past 30 days are 6.97% for CMBM. The simple moving average for the past 20 days is -16.56% for CMBM’s stock, with a -57.92% simple moving average for the past 200 days.
Is It Worth Investing in Cambium Networks Corp (NASDAQ: CMBM) Right Now?
The 36-month beta value for CMBM is also noteworthy at 0.93. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for CMBM is 12.61M, and at present, short sellers hold a 2.78% of that float. The average trading volume of CMBM on October 23, 2024 was 74.74K shares.
CMBM) stock’s latest price update
Cambium Networks Corp (NASDAQ: CMBM)’s stock price has gone decline by -10.34 in comparison to its previous close of 1.45, however, the company has experienced a -7.80% decrease in its stock price over the last five trading days. zacks.com reported 2024-08-30 that The initiative reflects CMBM’s commitment to corporate social responsibility and its dedication to creating inclusive opportunities.
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 -22.15% 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 -80.00% of loss for the given period.
Volatility was left at 6.97%, however, over the last 30 days, the volatility rate increased by 5.47%, as shares sank -24.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.24% lower at present.
During the last 5 trading sessions, CMBM fell by -7.80%, which changed the moving average for the period of 200-days by -74.95% in comparison to the 20-day moving average, which settled at $1.5580. In addition, Cambium Networks Corp saw -78.33% 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 1,000 shares at the price of $4.60 back on Dec 06 ’23. After this action, Verma Vikram now owns 3,500 shares of Cambium Networks Corp, valued at $4,600 using the latest closing price.
Verma Vikram, the Director of Cambium Networks Corp, purchase 500 shares at $4.58 during a trade that took place back on Dec 07 ’23, which means that Verma Vikram is holding 4,000 shares at $2,288 based on the most recent closing price.
Stock Fundamentals for CMBM
Current profitability levels for the company are sitting at:
- -0.54 for the present operating margin
- 0.12 for the gross margin
The net margin for Cambium Networks Corp stands at -0.59. The total capital return value is set at -0.69. Equity return is now at value -111.84, with -45.37 for asset returns.
Based on Cambium Networks Corp (CMBM), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at -0.29. The debt to equity ratio resting at 1.35. The interest coverage ratio of the stock is -26.43.
Currently, EBITDA for the company is -49.43 million with net debt to EBITDA at -0.4. When we switch over and look at the enterprise to sales, we see a ratio of 0.41. The receivables turnover for the company is 2.8for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.93.
Conclusion
In summary, Cambium Networks Corp (CMBM) has had a bad performance as of late. Analysts have bullish 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.
