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.

Airgain Price Performance

AIRG stock opened at $9.53 on Friday. The business has a fifty day moving average price of $8.56 and a 200 day moving average price of $7.08. Airgain has a fifty-two week low of $2.25 and a fifty-two week high of $10.34. The stock has a market capitalization of $107.71 million, a price-to-earnings ratio of -8.36 and a beta of 0.69.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AIRG. Craig Hallum raised their target price on Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Northland Securities reaffirmed an “outperform” rating and issued a $11.50 target price (up from $8.00) on shares of Airgain in a research note on Wednesday.

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.