In a report released today, Anthony Stoss from Craig-Hallum maintained a Buy rating on Airgain (AIRG – Research Report). The company’s shares closed yesterday at $4.74.
According to TipRanks, Stoss is a 5-star analyst with an average return of 15.4% and a 58.19% success rate. Stoss covers the Technology sector, focusing on stocks such as Enovix, indie Semiconductor, and Calamp.
Airgain has an analyst consensus of Moderate Buy, with a price target consensus of $8.00.
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Based on Airgain’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $16.44 million and a GAAP net loss of $2.86 million. In comparison, last year the company earned a revenue of $17.52 million and had a GAAP net loss of $2.52 million
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2023, Toscanini Arthur M., a Director at AIRG sold 4,000.00 shares for a total of $23,240.00.
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Airgain, Inc. provides embedded antenna products, integration support and test services. The firm works in partnership with the entire ecosystem, including carriers, chipset suppliers, OEMs, and ODMs. Its products include embedded, external and carrier-class antennas. The company offers custom antenna design and performance validation services. Its antennas are deployed in carrier, fleet, enterprise, residential, private, government, and public safety wireless networks and systems, including set-top boxes, access points, routers, modems, gateways, media adapters, and asset tracking devices. The company was founded in 2003 and is headquartered in San Diego, CA.
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