What is Roth Capital’s Estimate for Airgain FY2024 Earnings?

Airgain, Inc. (NASDAQ:AIRG) – Equities research analysts at Roth Capital reduced their FY2024 earnings estimates for shares of Airgain in a report released on Sunday, February 2nd. Roth Capital analyst S. Searle now forecasts that the technology company will post earnings of ($0.55) per share for the year, down from their previous forecast of ($0.51). The consensus estimate for Airgain’s current full-year earnings is ($0.50) per share. Roth Capital also issued estimates for Airgain’s Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at ($0.15) EPS, Q3 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.40) EPS.

A number of other equities research analysts have also recently issued reports on AIRG. Northland Securities reaffirmed an “outperform” rating and issued a $11.50 target price (up from $8.00) on shares of Airgain in a report on Wednesday, November 13th. Craig Hallum upped their target price on shares of Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Airgain Stock Performance

Shares of AIRG stock opened at $6.90 on Wednesday. The firm’s 50-day moving average is $7.58 and its 200-day moving average is $7.93. The stock has a market cap of $78.32 million, a price-to-earnings ratio of -6.05 and a beta of 0.71. Airgain has a 52-week low of $3.71 and a 52-week high of $10.34.

Airgain (NASDAQ:AIRG) last issued its quarterly earnings results on Tuesday, November 12th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). Airgain had a negative return on equity of 29.90% and a negative net margin of 21.96%. The business had revenue of $16.10 million for the quarter, compared to the consensus estimate of $16.00 million. During the same period last year, the firm earned ($0.11) earnings per share.

Insider Buying and Selling at Airgain

In other Airgain news, CFO Michael Elbaz sold 6,777 shares of the stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $9.09, for a total value of $61,602.93. Following the transaction, the chief financial officer now directly owns 102,794 shares of the company’s stock, valued at $934,397.46. This represents a 6.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in Airgain by 195.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock valued at $274,000 after acquiring an additional 24,000 shares during the period. US Bancorp DE grew its position in shares of Airgain by 3.7% during the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock worth $502,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Airgain by 23.2% during the 3rd quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock worth $841,000 after purchasing an additional 20,970 shares in the last quarter. 52.76% of the stock is owned by institutional investors.

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.