The price of Sierra Wireless Inc. (NASDAQ:SWIR) shares last traded on Wall Street rose 1.11% to $29.24.
SWIR stock price is now 0.41% away from the 50-day moving average and 14.00% away from the 200-day moving average. The market capitalization of the company currently stands at $1.14B.
, while ‘B. Riley Securities’ rates the stock as ‘Buy’.
A total of 6.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SWIR stock. A new stake in Sierra Wireless Inc. shares was purchased by PENTWATER CAPITAL MANAGEMENT LP during the first quarter worth $61,404,000. TIG ADVISORS, LLC invested $56,434,000 in shares of SWIR during the first quarter. In the first quarter, P SCHOENFELD ASSET MANAGEMENT LP acquired a new stake in Sierra Wireless Inc. valued at approximately $49,181,000. GLAZER CAPITAL, LLC acquired a new stake in SWIR for approximately $47,051,000. WATER ISLAND CAPITAL LLC purchased a new stake in SWIR valued at around $42,690,000 in the second quarter. In total, there are 202 active investors with 82.30% ownership of the company’s stock.
A candlestick chart of Sierra Wireless Inc. (NASDAQ: SWIR) showed a price of $28.82 on Thursday morning. During the past 12 months, Sierra Wireless Inc. has had a low of $13.44 and a high of $30.97. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.80, and a quick ratio of 1.30. The fifty day moving average price for SWIR is $29.11 and a two-hundred day moving average price translates $25.70 for the stock.
The latest earnings results from Sierra Wireless Inc. (NASDAQ: SWIR) was released for Jun, 2022. According to the Communication Equipment Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.15 by 0.12. This compares to $0.01 EPS in the same period last year. The net profit margin was -3.20% and return on equity was -7.80% for SWIR. The company reported revenue of $166.06 million for the quarter, compared to $82.45 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 101.4 percent. For the current quarter, analysts expect SWIR to generate $78.37M in revenue.
Sierra Wireless Inc.(SWIR) Company Profile
Sierra Wireless, Inc., together with its subsidiaries, provides device-to-cloud Internet of Things (IoT) solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, IoT Solutions and Enterprise Solutions. The IoT Solutions segment offers cellular wireless IoT modules that provides original equipment manufacturers (OEMs) with 5G, 4G LTE, third generation/second generation, low power wide area, Wi-Fi, Bluetooth, and global navigation satellite system connectivity; embedded broadband solutions, including industrial-grade modules, which offers speed, bandwidth, and network performance for connecting to 5G and 4G networks; and IoT connectivity services. The Enterprise Solutions segment provides a range of Sierra Wireless AirLink routers, IoT applications and advanced network management, managed network services, and mobility applications. This segment also offers asset, fleet, and cargo tracking services; offender and remote monitoring services; and alarm communications, as well as a cloud platform that comprises reporting and analytics. The company serves enterprises, industrial companies, and OEMs through direct and indirect channels, such as OEMs, distributors, value-added resellers, and mobile network operators. The company was incorporated in 1993 and is headquartered in Richmond, Canada.