Stock of The Day: After Achieving 52-Week High, Is Airgain Inc’s Near-Term Analysis Positive?

Stock of The Day: After Achieving 52 Week High, Is Airgain Inc's Near Term Analysis Positive?

The stock of Airgain Inc (NASDAQ:AIRG) hit a new 52-week high and has $44.63 target or 155.00% above today’s $17.50 share price. The 5 months bullish chart indicates low risk for the $137.74 million company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $44.63 price target is reached, the company will be worth $213.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 200,278 shares traded hands or 44.53% up from the average. Airgain Inc (NASDAQ:AIRG) has risen 6.00% since October 15, 2016 and is uptrending. It has outperformed by 1.02% the S&P500.

According to Zacks Investment Research, “Airgain, Inc. is a provider of embedded antenna technologies. It offers antennas for the devices which are deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways, media adapters and digital televisions. The company also offers residential wireless local area network or wireless fidelity to carriers, original equipment manufacturers, original design manufacturers and system designers. Airgain, Inc. is based in San Diego, United States.”

More important recent Airgain Inc (NASDAQ:AIRG) news were published by: Investorplace.com which released: “Will Airgain Inc Run Out of Fuel? (AIRG)” on September 22, 2016, also Marketwatch.com published article titled: “Airgain Inc. NASDAQ: AIRG”, Zacks.com published: “After Airgain (AIRG) Priced Its IPO, Should Investors Buy?” on August 12, 2016. More interesting news about Airgain Inc (NASDAQ:AIRG) was released by: Marketwatch.com and their article: “Airgain prices IPO at $8.00 a share” with publication date: August 12, 2016.

AIRG Company Profile

Airgain, Inc. is a well-known provider of embedded antenna technologies used to enable high performance wireless networking. The Company’s activities are located primarily in the United States, and most of its assets are located in San Diego, California. The Firm operates through a segment related to the sale of antenna products. It offers antennas for the devices that are deployed in carrier, enterprise and residential wireless networks and systems, including set top boxes, access points, routers, gateways, media adapters and digital televisions. It also offers residential wireless local area network (WLAN) or wireless fidelity (Wi-Fi) to carriers, original equipment manufacturers (OEMs), original design manufacturers (ODMs) and system designers. It also develops embedded antenna technology for markets, including enterprise Wi-Fi systems for on premises and cloud services and for small cellular applications, using Long-Term Evolution (LTE) and digital enhanced cordless telecommunications (DECT). It uses third parties to manufacture products, while maintaining oversight for critical test and calibration functions.

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