With 0.75 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.27 million shares. The 52-week range on BAND shows that it touched its highest point at $25.02 and its lowest point at $11.90 during that stretch. It currently has a 1-year price target of $23.60. Beta for the stock currently stands at 1.56.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BAND was down-trending over the past week, with a drop of -13.31%, but this was up by 4.42% over a month. Three-month performance dropped to -4.76% while six-month performance fell -0.99%. The stock gained 25.93% in the past year, while it has lost -0.12% so far this year. A look at the trailing 12-month EPS for BAND yields -0.26 with Next year EPS estimates of 1.92. For the next quarter, that number is 0.26. This implies an EPS growth rate of 10.23% for this year and 30.08% for next year.
Float and Shares Shorts:
At present, 28.62 million BAND shares are outstanding with a float of 25.26 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BAND since 6 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.38 being high and $1.34 being low. For BAND, this leads to a yearly average estimate of $1.36. Based on analyst estimates, the high estimate for the next quarter is $0.48 and the low estimate is $0.21. The average estimate for the next quarter is thus $0.33.
