Airgain (NASDAQ:AIRG) Issues Q4 2024 Earnings Guidance

Airgain (NASDAQ:AIRG) issued an update on its fourth quarter 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.020-0.020 for the period, compared to the consensus earnings per share estimate of 0.020. The company issued revenue guidance of $16.2 million-$18.2 million, compared to the consensus revenue estimate of $17.2 million.

Airgain Stock Down 9.1 %

Shares of Airgain stock opened at $9.35 on Thursday. The company has a 50-day simple moving average of $8.53 and a two-hundred day simple moving average of $7.06. Airgain has a twelve month low of $2.10 and a twelve month high of $10.34. The stock has a market capitalization of $105.67 million, a price-to-earnings ratio of -8.52 and a beta of 0.69.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Northland Securities reissued an “outperform” rating and set a $11.50 price target (up previously from $8.00) on shares of Airgain in a research report on Wednesday. Craig Hallum raised their price target on Airgain from $8.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday.

Airgain Company Profile

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; profile ceramic embedded antenna; ultra embedded antennas; and SmartMax embedded antennas.