Airgain, Inc. (AIRG)’s Multiple Bottom Pattern Points to Higher Stock Risks

May 18, 2018 - By Nellie Frank

The stock of Airgain, Inc. (AIRG) shows a multiple bottoms pattern with $7.65 target or 6.00 % below today’s $8.14 share price. The 5 months chart pattern indicates high risk for the $76.86M company. It was reported on May, 18 by Finviz.com. If the $7.65 price target is reached, the company will be worth $4.61M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock decreased 0.37% or $0.03 during the last trading session, reaching $8.14. About 40,482 shares traded. Airgain, Inc. (NASDAQ:AIRG) has declined 45.44% since May 18, 2017 and is downtrending. It has underperformed by 56.99% the S&P500.

Analysts await Airgain, Inc. (NASDAQ:AIRG) to report earnings on August, 6. They expect $-0.09 EPS, down 200.00 % or $0.18 from last year’s $0.09 per share. After $-0.12 actual EPS reported by Airgain, Inc. for the previous quarter, Wall Street now forecasts -25.00 % EPS growth.

More news for Airgain, Inc. (NASDAQ:AIRG) were recently published by: Globenewswire.com, which released: “Report: Developing Opportunities within Regulus Therapeutics, Airgain, Michael Kors, Heritage Insurance, CDK Global …” on May 17, 2018. Seekingalpha.com‘s article titled: “Airgain’s (AIRG) CEO Jim Sims on Q1 2018 Results – Earnings Call Transcript” and published on May 06, 2018 is yet another important article.

Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, chipset vendors, and service providers worldwide. The company has market cap of $76.86 million. The companyÂ’s products include MaxBeam high gain embedded antennas; profile embedded antennas; profile contour embedded antennas; ultra embedded antennas; omnimax high performance external antennas; MaxBeam carrier class antenna; and SmartMax Embedded Antennas. It has a 74 P/E ratio. It provides embedded antenna technologies to enable high performance wireless networking across a range of home, enterprise, and industrial devices.

Airgain, Inc. (NASDAQ:AIRG) Ratings Chart

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