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Tuesday, September 26, 2023

Are Things Looking Up For Bandwidth Inc. (NASDAQ: BAND)?

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 intact, with the stock’s consolidated last price rising by $0.05, or 0.35%, to $14.50. The Bandwidth Inc. has recorded 7,214 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Bandwidth Wins ‘Best Places to Work’ Award.

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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 $14.45 and fluctuated between $14.87 as its day high and $14.35 as its day low. The current market capitalization of Bandwidth Inc. is $367.75M. A total of 0.19 million shares were traded on the day, compared to an average of 313.28K 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 1 BUY and 2 SELL insider trades, representing the acquisition of 4,690 and the disposition of 1,448 shares. Over the last 12 months, there were 48 BUYs and 37 SELLs from insiders. Insiders purchased 105,778 shares during that period but sold 36,937.

In the most recent transaction, Raiford Daryl sold 1,180 shares of BAND for 14.21 per share on Jul 24. After the transaction, the Chief Financial Officer now owns 21,686 company shares. In a previous transaction on Jun 05, Bottorff Rebecca sold 268 shares at 11.99 per share. BAND shares that Chief People Officer owns now total 17,058.

Among the insiders who sold shares, Ross Kade disposed of 70 shares on May 15 at a per-share price of $11.22. This resulted in the Chief Information Officer holding 13,081 shares of BAND after the transaction. In another insider transaction, Roush Lukas M. bought 9,200 shares at $15.99 per share on Mar 03. Company shares held by the Director now total 23,890.



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 $21.00 with high estimates of $36.00 and low estimates of $15.00. In terms of 52-week highs and lows, BAND has a high of $29.07 and a low of $9.20.

As of this writing, BAND has an earnings estimate of $0.17 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.23 per share and a lower estimate of $0.05. The company reported an EPS of $0.05 in the last quarter, which was 400.00% higher than expectations of $0.01.

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. BAND’s latest balance sheet shows that the firm has $331.45M in Cash & Short Term Investments as of fiscal 2021. There were $503.20M in debt and $93.50M in liabilities at the time. Its Book Value Per Share was $11.42, while its Total Shareholder’s Equity was $412.60M.

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, 0 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 Buy with a score of 4.11.

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