Q1 2024 Earnings Forecast for Airgain, Inc. (NASDAQ:AIRG) Issued By Roth Capital

Airgain, Inc. (NASDAQ:AIRGFree Report) – Equities researchers at Roth Capital lowered their Q1 2024 earnings per share (EPS) estimates for shares of Airgain in a report issued on Sunday, January 28th. Roth Capital analyst S. Searle now expects that the technology company will post earnings per share of ($0.23) for the quarter, down from their previous forecast of ($0.22). The consensus estimate for Airgain’s current full-year earnings is ($0.69) per share. Roth Capital also issued estimates for Airgain’s Q2 2024 earnings at ($0.16) EPS, Q3 2024 earnings at ($0.06) EPS, Q4 2024 earnings at ($0.01) EPS and FY2024 earnings at ($0.46) EPS.

Airgain (NASDAQ:AIRGGet Free Report) last posted its earnings results on Thursday, November 9th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). The company had revenue of $13.70 million during the quarter, compared to analysts’ expectations of $14.03 million. Airgain had a negative net margin of 15.43% and a negative return on equity of 17.59%.

Separately, StockNews.com assumed coverage on Airgain in a research note on Thursday, January 25th. They set a “hold” rating on the stock.

Check Out Our Latest Report on AIRG

Airgain Stock Up 5.1 %

Shares of AIRG stock opened at $4.15 on Wednesday. Airgain has a 12-month low of $1.63 and a 12-month high of $8.50. The company has a market capitalization of $43.33 million, a PE ratio of -4.23 and a beta of 0.86. The firm has a 50 day moving average price of $3.31 and a two-hundred day moving average price of $3.72.

Hedge Funds Weigh In On Airgain

Hedge funds have recently bought and sold shares of the business. Perkins Capital Management Inc. boosted its holdings in Airgain by 2,350.5% in the 4th quarter. Perkins Capital Management Inc. now owns 379,820 shares of the technology company’s stock valued at $1,352,000 after purchasing an additional 364,320 shares during the period. Millennium Management LLC acquired a new stake in Airgain during the second quarter worth approximately $881,000. Blair William & Co. IL grew its position in Airgain by 16.7% during the first quarter. Blair William & Co. IL now owns 739,511 shares of the technology company’s stock worth $5,605,000 after buying an additional 105,601 shares in the last quarter. Keystone Financial Group bought a new position in Airgain during the 2nd quarter worth $403,000. Finally, Jane Street Group LLC acquired a new position in Airgain in the 2nd quarter valued at $573,000. 53.15% of the stock is owned by institutional investors.

About Airgain

(Get Free Report)

Airgain, Inc provides wireless connectivity solutions that creates and delivers embedded components, external antennas, and integrated systems worldwide. The company's products include MaxBeam embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra-embedded antennas; SmartMax embedded antennas; and MaxBeam carrier class antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under the Antenna Plus brand.

Read More

Receive News & Ratings for Airgain Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airgain and related companies with MarketBeat.com's FREE daily email newsletter.