The Airgain (AIRG) Receiving Somewhat Favorable News Coverage, Study Shows

The Airgain (AIRG) Receiving Somewhat Favorable News Coverage, Study Shows

Press coverage about Airgain (NASDAQ:AIRG) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Airgain earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.5092315018552 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Airgain (NASDAQ AIRG) traded up 0.44% during midday trading on Wednesday, reaching $9.13. 90,945 shares of the company’s stock traded hands. Airgain has a 52-week low of $8.72 and a 52-week high of $29.30. The stock has a 50-day moving average of $9.15 and a 200 day moving average of $9.15. The company has a market cap of $87.14 million, a P/E ratio of 35.80 and a beta of 1.70.

A number of equities research analysts recently issued reports on AIRG shares. Zacks Investment Research cut shares of Airgain from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Cowen and Company reiterated a “buy” rating and set a $19.00 target price on shares of Airgain in a research report on Thursday, August 10th. Finally, B. Riley reiterated a “buy” rating and set a $12.50 target price on shares of Airgain in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Airgain has a consensus rating of “Buy” and an average price target of $17.01.

In other news, Director Francis X. Egan bought 10,276 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was acquired at an average price of $8.99 per share, with a total value of $92,381.24. Following the transaction, the director now owns 50,000 shares of the company’s stock, valued at approximately $449,500. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 23.40% of the company’s stock.

About Airgain

Airgain, Inc is a provider of embedded antenna technologies used to enable wireless networking across a range of home, enterprise and industrial devices. The Company’s antennas are found in devices deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways and digital televisions.

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