Stock Mover of The Day: Could Airgain Inc Recover After Today’s Gap Down?

Stock Mover of The Day: Could Airgain Inc Recover After Today's Gap Down?

The stock of Airgain Inc (NASDAQ:AIRG) gapped down by $1.53 today and has $22.79 target or 3.00% below today’s $23.49 share price. The 5 months technical chart setup indicates high risk for the $178.00 million company. The gap down was reported on Nov, 25 by Barchart.com. If the $22.79 price target is reached, the company will be worth $5.34M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 374,414 shares traded hands or 86.10% up from the average. Airgain Inc (NASDAQ:AIRG) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.

Analysts await Airgain Inc (NASDAQ:AIRG) to report earnings on February, 9. AIRG’s profit will be $681,992 for 65.25 P/E if the $0.09 EPS becomes a reality. After $0.16 actual EPS reported by Airgain Inc for the previous quarter, Wall Street now forecasts -43.75% negative EPS growth.

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: Reuters.com which released: “BRIEF-Airgain Inc files for common stock offering of up to $26 mln – SEC F…” on November 23, 2016, also Investorplace.com published article titled: “Will Airgain Inc Run Out of Fuel? (AIRG)”, Marketwatch.com published: “Airgain Inc. NASDAQ: AIRG” on July 19, 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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