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Wednesday, February 8, 2023

Today, Bandwidth Inc. (NASDAQ: BAND) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Bandwidth Inc. (BAND) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.57, or -2.48%, to $22.38. The Bandwidth Inc. has recorded 6,028 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Bandwidth Announces Third Quarter 2022 Financial Results.

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Stocks Info

The company is listed on the NASDAQ and operates within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $22.95 and fluctuated between $23.24 as its day high and $22.34 as its day low. The current market capitalization of Bandwidth Inc. is $588.90M. A total of 0.52 million shares were traded on the day, compared to an average of 865.53K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, BAND has seen 4 BUY and 6 SELL insider trades, representing the acquisition of 748 and the disposition of 1,054 shares. Over the last 12 months, there were 59 BUYs and 47 SELLs from insiders. Insiders purchased 136,499 shares during that period but sold 28,583.

In the most recent transaction, Bottorff Rebecca sold 33 shares of BAND for 17.03 per share on Nov 03. After the transaction, the Chief People Officer now owns 13,731 company shares. In a previous transaction on Nov 03, Carreker Marina C. sold 5 shares at 17.02 per share. BAND shares that President owns now total 7,221.

Among the insiders who sold shares, Suriano Douglas A disposed of 239 shares on Oct 03 at a per-share price of $12.06. This resulted in the Director holding 6,634 shares of BAND after the transaction. In another insider transaction, Carreker Marina C. sold 280 shares at $11.80 per share on Oct 03. Company shares held by the President now total 7,211.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for BAND in the last 3 months, the mean price target is $27.25 with high estimates of $55.00 and low estimates of $17.00. In terms of 52-week highs and lows, BAND has a high of $73.99 and a low of $9.20.

As of this writing, BAND has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.04 per share and a lower estimate of $0.02. The company reported an EPS of $0.09 in the last quarter, which was 212.50% higher than expectations of -$0.08.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BAND is Hold with a score of 4.20. A total of 5 analysts rated the stock as Buy while 1 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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