Bandwidth Inc. [NASDAQ:BAND] is flashing a current price of $171.57. On Wednesday, the company’s daily low is at $169.04 as the high is reaching $178.95.
The price per sales of 15.38. The company is also booking -1.03 earnings per share.
BAND’s next earning date is 12/09/2020. The company has price per sales of 15.38. The company is also booking -1.03 earnings per share.
The Bears are coming
Holding a Market Cap of $4.12 billion, Bandwidth Inc. has seen a trading range over the last year of $42.61-$188.19.
For the last five days, BAND is down from its last closing price. The average shares trading hands each day is 441.40K.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for BAND. When we apply the Elder Force Index to Bandwidth Inc., we are seeing an Elder Force Indicator number of -14618899.34.
The recent performance of the stock is another area that can tell traders how to proceed. BAND is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 862.16.
In the last quarter, BAND made a profit of 34.78 million. Bandwidth Inc. also saw quarter revenue growth year over year of 13.95%.
Looking at popular technical indicators, the company’s 5-day moving average is 179.95 compared to the 50-day moving average of 12.37%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. BAND currently holds a 9-day RSI of 52.03%, while 100-day RSI stands at 59.50%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. BAND’s 9-day MACD is 2.32 and the company’s 100-day MACD stands at 39.43.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 5.52% by insiders and 98.28% by institutions. Regarding institutional holdings, Blackrock Inc. owns 9.54%, while the second top holder, Vanguard Group, Inc. (The), currently owns 8.18%.
Over the last six months, insiders have sold 856 with the most recent transaction from Bottorff Rebecca, Chief People Officer, with a sell at price 175.37 per share.
Overall, the recommended rating for BAND is Strong Buy. Currently, the company has 9 analysts watching the stock, and the average quarterly earnings estimate is -0.02. Quarterly revenue estimates are averaging 76.26M with the high estimate reaching 76.6M and the low at 75.98M.
To review, the current 1-year target estimate is sitting at 167.14, while the current price 171.57. Based on this, we expect some pullback on the stock over time given our above analysis.