Bandwidth Inc. (NASDAQ:BAND) is a big mover this session as the company shares are trading 4% or 2.88 points lower from last closing price of $72, reaching $69.12 at last check. So what’s going on with BAND shares anyway? The price has dropped in 5 of the last 5 days and is down -6.19% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -171,276 shares, and in total 140224 shares valued at $9.692 million were seen changing hands compared with 311500 shares valued at $22.428 million recorded at the previous session. You should take into consideration that a falling volume on lower prices shows the bearish trend but this is an early indication which means that the BAND stock is near its bottom.
Bandwidth Inc. (BAND) shares have notched a 3-month decline of about -6.19%, but has still advanced 76.69% year to date. By comparison, the stock added 36.13% over the past 12 months, while it slipped -10.65% over the 1 month. The company’s market cap is around $1.74B, with its short interest ratio standing at 4.77%.
In the current trading session for BAND, the stock witnessed two major price actions, it rose to a high of $71.53 and was down as much as $69.12 at one point. The high recorded is very low when compared to their 52-week high which is $27.75. The 52-week high is now at -23.14 distance from current price. Their recent low of $90.63 represents a 151.01% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for BAND is $85.67, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Bandwidth Inc. earned $0.29 per share in the trailing 12 months and has a P/E ratio of 238.34. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is higher than the ones recorded by the industry which is 40.11 and higher compared to the sector’s average of 29.01. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. BAND also has P/S multiple of 7.86. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.64x.
BAND‘s last price was up 7.32% as compared to the average trading price of 50 days recorded at $64.41 while enlarging the period to 200 trading days, the average closing price was $79.68. At present, there are 24.21 million in the total number of common shares owned by the public and among those 16.86 million shares have been available to trade. The percentage of shares being held by the company management was 0.5% while institutions stake was 90.1%. The company has generated positive returns on equity over the last 12 months (3.6%). It managed to keep its gross profit margin at 45.9% over the past 12 months.
When assessing the full upside of the BAND stock, there is another set of technicals that should be looked into and considered. Its -16.77% decline from moving average of $83.05 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 0 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Bandwidth Inc. — 4 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $78.8 on shares of Bandwidth Inc. (NASDAQ:BAND), which corresponds to 13.48% upside potential than its current market price of $69.12 and implies potential despite the recent drop in the price. However, their current target price has fallen from $78.8 a month ago and is up handily from the consensus target of $76 a quarter ago.
Let’s briefly check the hedge fund interest towards BAND stock. Park West Asset Management LLC changed position in the company and now owns 70,000 shares worth $4,838,400, SEC documents show. Chartwell Investment Partners LLC shored up assets in the stock as 35751.94 shares have been purchased, increasing its stake by 54.8% to 55,344 shares which are currently valued at $3,825,377. In addition, Ladenburg Thalmann Financial Services Inc. recently reported that it now owns 738 shares making a total of $51,011 based on the recent price. This refelects a change of 118.3% in their ownership.