Airgain (NASDAQ:AIRG) Issues Q4 2024 Earnings Guidance

Airgain (NASDAQ:AIRG) updated its fourth quarter 2024 earnings guidance on Tuesday. 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.

Analyst Upgrades and Downgrades

AIRG has been the topic of a number of research reports. Northland Securities boosted their price objective on Airgain from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Craig Hallum lifted their price target on Airgain from $5.00 to $8.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th.

Airgain Stock Up 3.3 %

AIRG traded up $0.33 on Tuesday, reaching $10.29. 80,223 shares of the company traded hands, compared to its average volume of 31,770. The firm has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $7.02. The company has a market cap of $116.28 million, a P/E ratio of -8.59 and a beta of 0.69. Airgain has a one year low of $1.80 and a one year high of $10.34.

About Airgain

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.