Airgain (NASDAQ:AIRG) Releases Q2 2024 Earnings Guidance

Airgain (NASDAQ:AIRG - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of -0.060--0.060 for the period, compared to the consensus EPS estimate of -0.050. The company issued revenue guidance of $14.3 million-$15.8 million, compared to the consensus revenue estimate of $14.7 million.

Airgain Trading Down 2.6 %

Shares of NASDAQ:AIRG traded down $0.14 during trading on Wednesday, hitting $5.32. 19,699 shares of the stock were exchanged, compared to its average volume of 20,122. Airgain has a 12-month low of $1.63 and a 12-month high of $6.37. The company has a market cap of $57.30 million, a PE ratio of -4.27 and a beta of 0.81. The company has a fifty day moving average price of $5.21 and a two-hundred day moving average price of $4.03.

Airgain (NASDAQ:AIRG - Get Free Report) last released its earnings results on Wednesday, March 6th. The technology company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.29) by ($0.15). The firm had revenue of $10.07 million during the quarter, compared to analysts' expectations of $10.00 million. Airgain had a negative net margin of 22.18% and a negative return on equity of 24.77%. Equities research analysts anticipate that Airgain will post -0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Airgain in a research report on Wednesday. They issued a hold rating on the stock.

Insiders Place Their Bets

In other news, CTO Ali Sadri sold 5,379 shares of the firm's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $5.10, for a total transaction of $27,432.90. Following the completion of the sale, the chief technology officer now directly owns 96,958 shares in the company, valued at $494,485.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Jacob Suen sold 10,639 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $5.10, for a total transaction of $54,258.90. Following the completion of the transaction, the chief executive officer now owns 236,275 shares of the company's stock, valued at $1,205,002.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Ali Sadri sold 5,379 shares of the business's stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $5.10, for a total transaction of $27,432.90. Following the transaction, the chief technology officer now directly owns 96,958 shares of the company's stock, valued at $494,485.80. The disclosure for this sale can be found here. Insiders sold a total of 23,814 shares of company stock worth $122,510 in the last 90 days. 15.30% of the stock is owned by company insiders.

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.

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