A secret that hides Airspan Networks Holdings Inc’s strength (AMEX:MIMO)

Stocks of Airspan Networks Holdings Inc (AMEX:MIMO) traded higher last session on Wall Street, up 24.09% to $0.17.

According to the data, Airspan Networks Holdings Inc (AMEX:MIMO) has 1 analysts covering its stock. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $0.50 and a low of $0.50, we find $0.50. Given the previous closing price of $0.14, this indicates a potential upside of 257.14 percent. MIMO stock price is now 25.84% away from the 50-day moving average and -63.99% away from the 200-day moving average. The market capitalization of the company currently stands at $12.68M.

A total of 1 analysts have issued a hold rating and 0 have given it a buy rating. Brokers who have rated the stock have averaged $0.50 as their price target over the next twelve months.

With the price target reduced from $9 to $4.75, Jefferies Downgraded its rating from Buy to Hold for Airspan Networks Holdings Inc (AMEX: MIMO).

In other news, Trempont Dominique, Director sold 11,250 shares of the company’s stock on Aug 15. The stock was sold for $1,803 at an average price of $0.16. Upon completion of the transaction, the Director now directly owns 305,685 shares in the company, valued at $51966.45. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14, Director Liebowitz Michael sold 44,825 shares of the business’s stock. A total of $9,463 was realized by selling the stock at an average price of $0.21. This leaves the insider owning 851,774 shares of the company worth $0.14 million. Insiders disposed of 161,394 shares of company stock worth roughly $27436.980000000003 over the past 1 year. A total of 61.57% of the company’s stock is owned by insiders.

Tuesday’s opening bell rang with an opening price of $0.1450 for Airspan Networks Holdings Inc (AMEX: MIMO). During the past 12 months, Airspan Networks Holdings Inc has had a low of $0.11 and a high of $2.46. The fifty day moving average price for MIMO is $0.1351 and a two-hundred day moving average price translates $0.4721 for the stock.

The latest earnings results from Airspan Networks Holdings Inc (AMEX: MIMO) was released for Jun, 2023. According to the Telecom Services Company, earnings per share came in at -$0.45, missing analysts’ expectations of -$0.3 by -0.15. This compares to -$0.29 EPS in the same period last year. The company reported revenue of $32.12 million for the quarter, compared to $46.95 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.57 percent. For the current quarter, analysts expect MIMO to generate $15.9M in revenue.

Airspan Networks Holdings Inc(MIMO) Company Profile

Airspan Networks Holdings Inc. designs and produces wireless network equipment for 4G and 5G networks for mainstream public telecommunications service providers and private network implementations. It offers a range of 4G and 5G network build and network densification products with a portfolio of software and hardware tools for indoor and outdoor, compact femto, pico, micro, and macro base stations, as well as fixed wireless access and backhaul solutions portfolio for point-to-point and point-to-multipoint applications. The company also provides software defined radios, broadband access products, and network management software. It serves mobile communications service providers, large enterprises, military communications integrators, and internet service providers. Airspan Networks Holdings Inc. is headquartered in Boca Raton, Florida.

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