What is Roth Capital’s Estimate for Airgain FY2024 Earnings?

Airgain, Inc. (NASDAQ:AIRG) – Equities researchers at Roth Capital lowered their FY2024 earnings per share (EPS) estimates for Airgain in a research report issued on Sunday, February 2nd. Roth Capital analyst S. Searle now anticipates that the technology company will post earnings per share of ($0.55) for the year, down from their prior forecast of ($0.51). The consensus estimate for Airgain’s current full-year earnings is ($0.50) per share. Roth Capital also issued estimates for Airgain’s Q1 2025 earnings at ($0.19) EPS, Q2 2025 earnings at ($0.15) EPS, Q3 2025 earnings at ($0.05) EPS and FY2025 earnings at ($0.40) EPS.

Airgain (NASDAQ:AIRG) last released its quarterly earnings data on Tuesday, November 12th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). The company had revenue of $16.10 million during the quarter, compared to analysts’ expectations of $16.00 million. Airgain had a negative net margin of 21.96% and a negative return on equity of 29.90%. During the same period last year, the business earned ($0.11) earnings per share.

Several other analysts have also recently commented on AIRG. Northland Securities reaffirmed an “outperform” rating and issued a $11.50 target price (up previously from $8.00) on shares of Airgain in a research report on Wednesday, November 13th. Craig Hallum lifted their target price on shares of Airgain from $8.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Airgain Price Performance

Shares of NASDAQ AIRG opened at $7.00 on Wednesday. Airgain has a 1-year low of $3.71 and a 1-year high of $10.34. The business’s fifty day moving average price is $7.54 and its two-hundred day moving average price is $7.93. The firm has a market capitalization of $79.45 million, a PE ratio of -6.14 and a beta of 0.71.

Insider Activity at Airgain

In related news, CFO Michael Elbaz sold 6,777 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $9.09, for a total transaction of $61,602.93. Following the sale, the chief financial officer now owns 102,794 shares in the company, valued at approximately $934,397.46. This trade represents a 6.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 16.10% of the stock is owned by company insiders.

Institutional Trading of Airgain

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bailard Inc. bought a new position in Airgain during the 4th quarter worth $235,000. Farther Finance Advisors LLC boosted its position in Airgain by 195.5% during the third quarter. Farther Finance Advisors LLC now owns 36,277 shares of the technology company’s stock valued at $274,000 after acquiring an additional 24,000 shares during the last quarter. Geode Capital Management LLC grew its stake in Airgain by 23.2% during the third quarter. Geode Capital Management LLC now owns 111,476 shares of the technology company’s stock worth $841,000 after purchasing an additional 20,970 shares during the period. Finally, US Bancorp DE increased its stake in shares of Airgain by 3.7% in the 3rd quarter. US Bancorp DE now owns 66,641 shares of the technology company’s stock valued at $502,000 after acquiring an additional 2,400 shares in the last quarter. Institutional investors own 52.76% of the company’s stock.

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.