Airgain (NASDAQ:AIRG) Updates 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

NASDAQ:AIRG traded up $0.33 during mid-day trading on Tuesday, reaching $10.29. 80,223 shares of the company’s stock traded hands, compared to its average volume of 31,770. Airgain has a 12-month low of $1.80 and a 12-month high of $10.34. The firm has a market capitalization of $116.28 million, a price-to-earnings ratio of -8.59 and a beta of 0.69. The company has a 50 day moving average price of $8.47 and a 200-day moving average price of $7.02.

Analyst Ratings Changes

AIRG has been the topic of a number of research analyst reports. Northland Securities boosted their price target on Airgain from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Craig Hallum lifted their price objective on Airgain from $5.00 to $8.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th.

About Airgain

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.