AIRG Stock Summary and Trading Ideas (Airgain | NASDAQ:AIRG)

Airgain Inc is engaged in providing antenna technologies. These technologies can be used to enable performance wireless networking across devices and markets which include connected homes, enterprises, automotive, and the Internet of Things. It also provides solutions to complex radio frequency, engineering challenges, and improving wireless service that require higher throughput, broad coverage footprint, and carrier-grade quality. Geographically, it derives maximum revenue from North America and also has a presence in China and the Rest of the World. The company products include Antenna Plus: Fleet, M2M, IoT Antennas, Carrier-Class Antenna, Embedded Antennas, and External Dipole Antennas.

Airgain trades on the NASDAQ stock market under the symbol AIRG.

As of April 16, 2024, AIRG stock price climbed to $5.34 with 18,499 million shares trading.

AIRG has a beta of 0.67, meaning it tends to be less sensitive to market movements. AIRG has a correlation of 0.01 to the broad based SPY ETF.

AIRG has a market cap of $55.77 million. This is considered a Micro Cap stock.

Last quarter Airgain reported $10 million in Revenue and -$.33 earnings per share. This beat revenue expectation by $70,000 and missed earnings estimates by -$.13.

In the last 3 years, AIRG stock traded as high as $24.48 and as low as $1.63.

The top ETF exchange traded funds that AIRG belongs to (by Net Assets): VTI, VXF, IWC, DFAS, DFAT.

AIRG stock has underperformed the market in the last year with a return of -4.3%, while SPY returned +24.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AIRG shares. However, AIRG has outperformed the market in the last 3 month and 2 week periods, returning +50.8% and -0.7%, while SPY returned +6.2% and -3.3%, respectively. This indicates AIRG has been having a stronger performance recently.

AIRG support price is $5.05 and resistance is $5.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AIRG stock will trade within this expected range on the day.