Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Bandwidth Inc before investing.

In this article, we go over a few key elements for understanding Bandwidth Inc’s stock price such as:

• Bandwidth Inc’s current stock price and volume
• Why Bandwidth Inc’s stock price changed recently
• Upgrades and downgrades for BAND from analysts
• BAND’s stock price momentum as measured by its relative strength

About Bandwidth Inc (BAND)

Before we jump into Bandwidth Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Bandwidth Inc. is an international cloud-based, software-powered communications platform-as-a-service (CPaaS) provider. The Company enables enterprises to create, scale and operate voice or messaging communications services across any mobile application or connected device. It provides a communications developer platform on all-Internet protocol (IP), owned-and-operated network with global reach. The Company?s core product domains include voice, messaging, application programming interface (API), emergency services, video API, phone numbers, insights, and Contact Center as a Service (CCaaS) and Unified Communications as a Service (UCaaS) platform integrations. Its solutions and its communications cloud cover more than 60 countries, including unified communications and cloud contact centers, such as Amazon Web Services (AWS), Cisco, Google, Microsoft, RingCentral, Zoom, Genesys and Five9, as well as Global 2000 enterprises and SaaS builders.

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Bandwidth Inc’s Stock Price as of Market Close

As of November 27, 2023, 4:00 PM, CST, Bandwidth Inc’s stock price was $10.92.

Bandwidth Inc is down 4.55% from its previous closing price of $11.44.

During the last market session, Bandwidth Inc’s stock traded between $11.25 and $11.51. Currently, there are 25.61 million shares of Bandwidth Inc stock available for purchase.

Bandwidth Inc’s price-earnings (P/E) ratio is currently at 24.3, which is low compared to the Software industry median of 45.4. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Bandwidth Inc Stock Price History

Bandwidth Inc’s (BAND) price is currently up 2.92% so far this month.

During the month of November, Bandwidth Inc’s stock price has reached a high of $13.24 and a low of $10.09.

Over the last year, Bandwidth Inc has hit prices as high as $29.07 and as low as $9.34. Year to date, Bandwidth Inc’s stock is down 84.78%.

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What Caused Bandwidth Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of November 24, 2023, there were 7 analysts who downgraded Bandwidth Inc’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Bandwidth Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Bandwidth Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Bandwidth Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Bandwidth Inc (BAND) by visiting AAII Stock Evaluator.

Relative Price Strength of Bandwidth Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of November 24, 2023, Bandwidth Inc has a weighted four-quarter relative price strength of -16.08%, which translates to a Momentum Score of 23 and is considered to be Weak.

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Bandwidth Inc Stock Price: Bottom Line

As of November 27, 2023, Bandwidth Inc’s stock price is $10.92, which is down 4.55% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Bandwidth Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.