Bandwidth Inc. (NASDAQ:BAND) went up by 3.17% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Software – Infrastructure giant went up by $131.03 to trade ended Wednesday trading at $127.00. This is up from the $127 price recorded on Tuesday’s trading session. Thanks to this latest performance, BAND is closer to the higher price 52-week target of $130.00 and further from the lowest price target of $90.00. Its performance from the start of the year has also been positive, with BAND up by 104.57% year-to-date.
Bandwidth Inc. (BAND) started the day trading at $127.21 and recorded an intraday high of $131.8594. It also recorded an intraday low of $127.21 during Wednesday’s trading session. Bandwidth Inc. is a very active stock that recorded a trading volume that is less than -42.02% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 322298, which is less than -42.02 of the total average daily trading volume of 457.74K.
Bandwidth Inc. (NASDAQ:BAND) 2020 Performance Impressive
The increase in BAND’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of BAND currently stands at $130.84, which is lower than the current trading price of the stock by -0.15%. However, BAND’s current trading price is -207.51% lower than the 52-week low price of $42.61. In terms of trading volume, Bandwidth Inc. currently experienced healthy participation during the last trading session. 322298 shares of Bandwidth Inc. were traded on the stock exchange on Wednesday, which is less than -42.02% of the 457.74K average trading volume of the stock.
The performance of the stock has been positive over the past year. BAND’s performance over the past one year has seen it surge by 73.96%, while the stock has gone up by 104.57% in the last six months. The quarterly performance of BAND currently stands at 105.99%, and it is up by 18.31% in the last month. The only positive figure was from the weekly performance, which currently reads 4.65%. At the time of writing BAND’s report, the company has a total market cap of $3.25B, making it one of the largest publicly-traded companies in the world.Bandwidth Inc. also has over 772 employees all over the world.
BAND Insider Activities
For Bandwidth Inc., insiders hold 98.28% of all company shares. The insider transactions over the past six months are up by 7.70%. During that period, insiders bought 358,078 shares in 24 transactions. In that same period, insiders sold 280,066 of their shares in 73 transactions. After these transactions, insiders at Bandwidth Inc. now hold 1.32M shares, which is over 98.28% of the total company stocks. Institutional investors currently hold a large chunk of the BAND shares, as they control 5.52% of the company’s total stock.
BAND Fundamental Analysis
For Bandwidth Inc., the stock’s diluted earnings per share (EPS) stands at -0.03. In the coming year, analysts expect the EPS to be 0.20.
The Return on Investment (ROI) on Bandwidth Inc.’s stock currently stands at 0.00%, and it has a net profit margin of -0.20%. The operating margin of the company is -5.90%, and its gross margin is 46.50%.
BAND Analysts Prediction
Another analyst that has a Buy rating for BAND is Needham, which set a price target of between $85 and $96. Needham reiterate their Buy position on the stock ($65 and $85)
Needham and Needham also believe that Bandwidth Inc.’s stock is outperforming at the moment.
At the moment, Bandwidth Inc.’s Total Debt to Equity ratio stands at 0.82, and they have a long-term Debt to Equity ratio of 0.82.
BAND Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of BAND currently stands at 7.79%, while the SMA50 is 20.97%. The biggest one is the SMA200, which is currently reading 74.15% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 66.71.