Airgain Z Score
AIRG  Stock  USD 7.89 0.23 2.83% 
Airgain  Z Score 
Airgain Z Score Analysis
Airgain's ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..2021  2022 (projected)  
Interest Expense  35.65 K  36.59 K 
Gross Profit  24.61 M  24.86 M 
Z Score  =  Sum Of   5 Factors 
Current Airgain Z Score  17.4 
Most of Airgain's fundamental indicators, such as Z Score, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Airgain is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
 
 
 
 

Airgain Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for Airgain is extremely important. It helps to project a fair market value of Ford stock properly, considering its historical fundamentals such as Z Score. Since Airgain's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Airgain's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Airgain's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate ZScore one would need to know current working capital of the company, its total assets, and liabilities, amount of latest retained earnings as well as earnings before interest and tax. ZScore can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area' with scores of less than 1, indicating the high probability of distress. Z Score is used widely by financial auditors, accountants, money managers, loan processers, wealth advisers, as well as day traders. In the last 25 years, many financial models that utilize z score has been proved to be successful as a predictor of corporate bankruptcy.
Compare to competition 
In accordance with the company's disclosures, Airgain has a Z Score of 17.4. This is 29.37% higher than that of the Electronic Equipment, Instruments & Components sector and 46.16% lower than that of the Information Technology industry. The z score for all United States stocks is 99.54% lower than that of the firm.
Airgain Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Airgain's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Airgain could also be used in its relative valuation, which is a method of valuing Airgain by comparing valuation metrics of similar companies.Airgain is currently under evaluation in z score category among related companies.
Airgain Current Valuation Drivers
We derive many important indicators used in calculating different scores of Airgain from analyzing Airgain's financial statements. These drivers represent accounts that assess Airgain's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Airgain's important valuation drivers and their relationship over time.
2017  2018  2019  2020  2021  2022 (projected)  
Net Income Per Employee  12.4 K  (21.9 K)  7.35 K  (25.35 K)  (69.57 K)  (71.4 K)  
Revenue Per Employee  538.27 K  513.77 K  442.37 K  374.96 K  443.26 K  588.5 K  
Average Assets  55.87 M  52.02 M  54.58 M  53.21 M  69.02 M  63.82 M  
Earnings Before Interest Taxes and Depreciation Amortization EBITDA  1.99 M  (1.77 M)  1.53 M  (2.07 M)  (8.66 M)  (8.89 M)  
Earnings Before Interest Taxes and Depreciation Amortization USD  2.28 M  (1.19 M)  2.24 M  (1.91 M)  (8.59 M)  (8.81 M)  
Earnings before Tax  1.17 M  (2.48 M)  1.09 M  (3.01 M)  (12.14 M)  (12.46 M)  
Average Equity  46.04 M  44.17 M  47.3 M  47.45 M  47.98 M  41.56 M  
Enterprise Value  69.61 M  85.52 M  90.79 M  137.88 M  91.5 M  103.23 M  
Free Cash Flow  (518 K)  387 K  1.15 M  2.98 M  (11.91 M)  (12.22 M)  
Invested Capital  24.05 M  23.62 M  27.27 M  3.03 M  9.98 M  11.9 M  
Invested Capital Average  13.07 M  22.7 M  26.82 M  9.26 M  10.46 M  12.56 M  
Market Capitalization  86.11 M  98.25 M  103.66 M  173.67 M  107.31 M  121.92 M  
Tangible Asset Value  47.47 M  44.76 M  47.23 M  48.06 M  41.32 M  43.44 M  
Working Capital  36.35 M  35.57 M  38.33 M  38.58 M  15.6 M  23.5 M 
Airgain Institutional Holders
Institutional Holdings refers to the ownership stake in Airgain that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Airgain's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in highprofile magazines, and presentations at investor conferences help move the stock higher, increasing Airgain's value.Security Type  Shares  Value  
Your Advocates Ltd Llp  Common Shares  100.0  1000  
Your Advocates Ltd Llp  Common Shares  100.0  1000  
Your Advocates Ltd Llp  Common Shares  100.0  1000  
Your Advocates Ltd Llp  Common Shares  100.0  1000  
Your Advocates Ltd Llp  Common Shares  100.0  1000  
Your Advocates Ltd Llp  Common Shares  100.0  2 K  
Your Advocates Ltd Llp  Common Shares  100.0  2 K 
Airgain Fundamentals
Return On Equity  (0.22) %  
Return On Asset  (0.1) %  
Profit Margin  (0.14) %  
Operating Margin  (0.14) %  
Current Valuation  74.86 M  
Shares Outstanding  10.22 M  
Shares Owned by Insiders  7.09 %  
Shares Owned by Institutions  55.23 %  
Number of Shares Shorted  154.12 K  
Price to Earning  42.76 X  
Price to Book  1.94 X  
Price to Sales  1.15 X  
Revenue  64.27 M  
Gross Profit  24.61 M  
EBITDA  (8.56 M)  
Net Income  (10.09 M)  
Cash and Equivalents  9.45 M  
Cash per Share  0.93 X  
Total Debt  2.77 M  
Debt to Equity  0.07 %  
Current Ratio  2.02 X  
Book Value Per Share  4.11 X  
Cash Flow from Operations  (11.17 M)  
Short Ratio  8.30 X  
Earnings Per Share  (1.28) X  
Price to Earnings To Growth  0.61 X  
Target Price  13.0  
Number of Employees  145  
Beta  0.95  
Market Capitalization  80.66 M  
Total Asset  66.39 M  
Retained Earnings  (47.55 M)  
Working Capital  15.81 M  
Current Asset  22.55 M  
Current Liabilities  6.74 M  
Z Score  17.4  
Net Asset  66.39 M 
About Airgain Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Airgain's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Airgain using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Airgain based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, valueadded resellers and software developers worldwide. Airgain, Inc. was incorporated in 1995 and is headquartered in San Diego, California. Airgain operates under Communication Equipment classification in the United States and is traded on NASDAQ Exchange. It employs 145 people.
Airgain Investors Sentiment
The influence of Airgain's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decisionmaking process regarding taking a position in Airgain. The overall investor sentiment generally increases the direction of a stock movement in a oneyear investment horizon. However, the impact of investor sentiment on the entire stock markets does not have a solid backing from leading economists and market statisticians.
Investor biases related to Airgain's public news can be used to forecast risks associated with investment in Airgain. The trend in average sentiment can be used to explain how an investor holding Airgain can time the market purely based on public headlines and social activities around Airgain. Please note that most equiteis that are difficult to arbitrage are affected by market sentiment the most.
Airgain's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Airgain's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Airgain's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Airgain.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Airgain in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Airgain's short interest history, or implied volatility extrapolated from Airgain options trading.
Pair Trading with Airgain
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Airgain position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Airgain will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Airgain could be a great tool in your taxloss harvesting strategies, allowing investors a quick way to find a similarenough asset to replace Airgain when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Airgain  that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Airgain to buy it.
The correlation of Airgain is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between 1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Airgain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Airgain moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Airgain can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better riskadjusted return on your portfolios.Please continue to Airgain Piotroski F Score and Airgain Valuation analysis. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for analysis
When running Airgain price analysis, check to measure Airgain's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Airgain is operating at the current time. Most of Airgain's value examination focuses on studying past and present price action to predict the probability of Airgain's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Airgain's price. Additionally, you may evaluate how the addition of Airgain to your portfolios can decrease your overall portfolio volatility.
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Is Airgain's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Airgain. If investors know Airgain will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Airgain listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY (1.00)  Market Capitalization 80.7 M  Quarterly Revenue Growth YOY 0.24  Return On Assets (0.1)  Return On Equity (0.22) 
The market value of Airgain is measured differently than its book value, which is the value of Airgain that is recorded on the company's balance sheet. Investors also form their own opinion of Airgain's value that differs from its market value or its book value, called intrinsic value, which is Airgain's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Airgain's market value can be influenced by many factors that don't directly affect Airgain's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Airgain's value and its price as these two are different measures arrived at by different means. Investors typically determine Airgain value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Airgain's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.