Airgain (NASDAQ:AIRG) Updates 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.

Analyst Ratings Changes

A number of brokerages have commented on AIRG. Northland Securities increased their target price on Airgain from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Craig Hallum increased their price target on Airgain from $5.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, August 7th.

Airgain Stock Performance

AIRG opened at $10.29 on Wednesday. The business’s 50-day simple moving average is $8.47 and its 200-day simple moving average is $7.02. Airgain has a one year low of $1.80 and a one year high of $10.34. The stock has a market capitalization of $116.28 million, a P/E ratio of -8.59 and a beta of 0.69.

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.