Airgain (NASDAQ:AIRG) Releases 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.

Analysts Set New Price Targets

AIRG has been the topic of a number of research reports. Northland Securities reissued an “outperform” rating and set a $11.50 target price (up from $8.00) on shares of Airgain in a report on Wednesday. Craig Hallum increased their price objective on Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday.

Airgain Stock Performance

NASDAQ:AIRG opened at $9.35 on Thursday. Airgain has a fifty-two week low of $2.10 and a fifty-two week high of $10.34. The company has a 50 day simple moving average of $8.53 and a two-hundred day simple moving average of $7.06. The company has a market capitalization of $105.67 million, a PE ratio of -8.52 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.