Cambium Networks (NASDAQ:CMBM) Stock Price Down 0.9% – What’s Next?

Cambium Networks Co. (NASDAQ:CMBM) was down 0.9% on Monday . The stock traded as low as $0.91 and last traded at $0.97. Approximately 139,868 shares traded hands during trading, a decline of 75% from the average daily volume of 553,267 shares. The stock had previously closed at $0.98.

Analysts Set New Price Targets

Separately, Northland Securities reduced their target price on Cambium Networks from $5.00 to $3.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th.

Cambium Networks Stock Down 0.9 %

The company has a market cap of $27.30 million, a P/E ratio of -0.32 and a beta of 1.06. The company’s 50-day moving average is $1.01 and its two-hundred day moving average is $1.52.

Institutional Investors Weigh In On Cambium Networks

Several large investors have recently modified their holdings of CMBM. Point72 Asia Singapore Pte. Ltd. bought a new position in Cambium Networks during the second quarter valued at $52,000. Cubist Systematic Strategies LLC purchased a new stake in Cambium Networks in the 2nd quarter worth about $187,000. GSA Capital Partners LLP raised its stake in Cambium Networks by 266.4% in the 3rd quarter. GSA Capital Partners LLP now owns 205,369 shares of the company’s stock valued at $376,000 after acquiring an additional 149,326 shares during the period. RBF Capital LLC lifted its holdings in Cambium Networks by 28.5% during the third quarter. RBF Capital LLC now owns 217,006 shares of the company’s stock valued at $397,000 after purchasing an additional 48,077 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Cambium Networks by 13.5% during the second quarter. Federated Hermes Inc. now owns 305,164 shares of the company’s stock worth $851,000 after purchasing an additional 36,270 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Cambium Networks Company Profile

Cambium Networks Corporation, together with its subsidiaries, engages in the design, development, and manufacture of wireless broadband and Wi-Fi networking infrastructure solutions. The company offers point-to-point fixed wireless backhaul and point-to-multipoint fixed wireless solutions; and enterprise solutions comprising cnMatrix cloud-managed wireless-aware switching solution, Xirrus Wi-Fi solutions, and Wi-Fi 6/6E access points which support cnMaestro and Xirrus XMS management.