Airgain Inc

Company Profile

Airgain Inc had its IPO on 2016-08-12 under the ticker symbol AIRG.

The company operates in the Technology sector and Communication Equipment industry. Airgain Inc has a staff strength of 145 employees.

Stock update

Shares of Airgain Inc opened at $5.55 at the start of the last trading session i.e. 2023-03-19.

The stocks traded within a range of $5.12 - $5.65, and closed at $5.22.

This is a -5.95% slip from the previous day's closing price.

A total volume of 87,100 shares were traded at the close of the day’s session.

In the last one week, shares of Airgain Inc have slipped by -24.35%.

Airgain Inc's Key Ratios

Airgain Inc has a market cap of $75.04 million, indicating a price to book ratio of 1.6402 and a price to sales ratio of 0.9641.

In the last 12-months Airgain Inc’s revenue was $70.15 million with a gross profit of $24.61 million and an EBITDA of $-6102000. The EBITDA ratio measures Airgain Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Airgain Inc’s operating margin was -13.95% while its return on assets stood at -9.6% with a return of equity of -22.47%.

In Q3, Airgain Inc’s quarterly earnings growth was a negative -99.9% while revenue growth was a positive 24.2%.

Airgain Inc’s PE and PEG Ratio

Forward PE

18.2149

Trailing PE

0

PEG

0.5205

Its diluted EPS in the last 12-months stands at $-0.98 per share while it has a forward price to earnings multiple of 18.2149 and a PEG multiple of 0.5205. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Airgain Inc’s profitability.

Airgain Inc stock is trading at a EV to sales ratio of 0.8893 and a EV to EBITDA ratio of -10.9412. Its price to sales ratio in the trailing 12-months stood at 0.9641.

Airgain Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$58.29 million

Total Liabilities

$14.37 million

Operating Cash Flow

$-460000.00

Capital Expenditure

$460000

Dividend Payout Ratio

0%

Airgain Inc ended 2023 with $58.29 million in total assets and $0 in total liabilities. Its intangible assets were valued at $58.29 million while shareholder equity stood at $42.01 million.

Airgain Inc ended 2023 with $132000.00 in deferred long-term liabilities, $14.37 million in other current liabilities, 110249000.00 in common stock, $-62873000.00 in retained earnings and $10.85 million in goodwill. Its cash balance stood at $9.19 million and cash and short-term investments were $9.19 million. The company’s total short-term debt was $888,000 while long-term debt stood at $0.

Airgain Inc’s total current assets stands at $29.99 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $9.45 million compared to accounts payable of $7.83 million and inventory worth $9.35 million.

In 2023, Airgain Inc's operating cash flow was $-460000.00 while its capital expenditure stood at $460000.

Comparatively, Airgain Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$5.22

52-Week High

$11.333

52-Week Low

$5.87

Analyst Target Price

$12.75

Airgain Inc stock is currently trading at $5.22 per share. It touched a 52-week high of $11.333 and a 52-week low of $11.333. Analysts tracking the stock have a 12-month average target price of $12.75.

Its 50-day moving average was $7.29 and 200-day moving average was $7.69 The short ratio stood at 4.33 indicating a short percent outstanding of 0%.

Around 702.1% of the company’s stock are held by insiders while 5657.1% are held by institutions.