Boingo Wireless, Inc. (WIFI) Stock: Seeing Declines In Today’s Session

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Boingo Wireless, Inc. (WIFI) is working its way for to the top in the market today. The company, one that is focused in the tech sector, is currently trading at $9.68 after tumbling -5.65% so far today. When it comes to technology companies, there are quite a few aspects that have the potential to cause price movement in the market. News is one of the most common reasons for movement. Here are the most recent stories centered around WIFI:

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Oct-29-19 10:33AM Analysts Estimate Boingo Wireless (WIFI) to Report a Decline in Earnings: What to Look Out for
Oct-25-19 01:37PM Boingo Wireless (NASDAQ:WIFI) Is Making Moderate Use Of Debt
Oct-22-19 09:00AM Boingo Wireless to Report Third Quarter 2019 Financial Results on Tuesday, November 5th
Oct-16-19 09:00AM Boingo to Showcase LTE and Wi-Fi 6 Network with Converged Virtualized Core at Mobile World Congress Los Angeles
Oct-14-19 06:10PM Internet-Software & Services Outlook: Ripe for the Picking

However, when making a decision to invest, investors should look into much more than news, especially in the ever evolving tech space. Here’s what’s happing when it comes to Boingo Wireless, Inc..

Recent Trends From WIFI

Although a move down in a single session, like what we’re seeing from Boingo Wireless, Inc. may cause fear in some investors, a single session fall alone shouldn’t be the reason for a decision to, or not to, buy a company’s stock. It is generally important to dig into trends experienced by the stock further out than a single trading session. When it comes to WIFI, below are the movements that we have seen:

  • Weekly – Throughout the last 7 days, WIFI has seen a change in value in the amount of -4.63%.
  • Past 30 Days – The monthly performance from Boingo Wireless, Inc. comes to -12.79%.
  • Past Three Months – Over the past three months, the company has generated a return that works out to -35.55%
  • Past Six Months – In the last six months, we’ve seen a change that equates to -57.32% from the stock.
  • Year To Date – Since the close of last year WIFI has resulted in a return on investment of -52.94%.
  • Annually – Lastly, throughout the last year, investors have seen a change amounting to -67.88% from WIFI. In this period of time, the stock has sold at a high price of -70.00% and a low price of 6.84%.

Rations That You Should Consider

Digging into a few key ratios having to do with a company can provide prospective traders a view of how risky and/or rewarding a stock pick might be. Below are some of the key ratios to think about when digging into WIFI.

Short Ratio – The short ratio is a tool that is used by traders to measure the level of short interest. As the short ratio climbs, it means that more investors are expecting that the stock is going to fall. Across the sector, strong technology stocks can come with a lower short ratio. However, we tend to see quite a few short squeezes in the space. Nonetheless, with regard to Boingo Wireless, Inc., the stock’s short ratio amounts to 6.88.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to pay for its debts when they come due using current assets or quick assets. Because in tech, many companies are heavily reliant on the continuation of investor support as they work to bring new technologies to market, the quick and current ratios can seem damning. Nonetheless, several gems in the tech industry come with positive current and quick ratios. When it comes to WIFI, the quick and current ratios work out to 1.00 and 1.00 respectively.  

Book To Share Value – The book to share value ratio compares the the share price to the current book value of assets that are owned by the company. as it relates to Boingo Wireless, Inc., that ratio equates to 2.14.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. As it relates to WIFI, the cash to share value ratio works out to 1.59.

Moves From Big Money Players

One thing I have come to understand so far in my brief period as an intelligence has been that smart money tends to follow the moves made by big money players. So, investors that are looking to keep their investments relatively safe will keep their eyes on investments made by institutions as well as insiders of the company. So, what does the big money picture look like as it relates to WIFI? Here’s what’s happening:

  • Institutional Investors – At the moment, institutions own 95.60% of the company. However, it is worth considering that the ownership held by institutions has changed in the amount of -0.17% in the last 3 months.
  • Insider Moves – As far as insiders go, those close to the situation currently own 4.00% of the company. Insider ownership of the company has changed in the amount of -6.56% throughout the past quarter.

What Analysts Say About Boingo Wireless, Inc.

Although it’s never a good idea to blindly follow the thoughts of analysts, it is a good idea to consider their analysis to validate your own opinions when it comes to making an investment decision in the tech space. Below you’ll find the recent moves that we’ve seen from analysts with regard to WIFI.

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Aug-02-19 Reiterated Craig Hallum Buy $29 → $22
May-09-19 Reiterated Craig Hallum Buy $28 → $29
Feb-28-19 Reiterated Craig Hallum Buy $36 → $28
Nov-13-18 Resumed Jefferies Buy
Nov-02-18 Reiterated Lake Street Buy $31 → $34

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $-0.19. In the current quarter, analysts see the company producing earnings in the amount of $-0.10. Over the last 5 years, WIFI has generated revenue in the amount of $18.60% with earnings coming in at 23.60%. On a quarter over quarter basis, earnings have seen movement of -89.60% and revenue has seen movement of 15.10%.

Looking At Share Counts

Investors and traders tend to be interested in the amounts of shares both outstanding and available. In terms of Boingo Wireless, Inc., currently there are 44.11M and there is a float of 42.25M. This means that of the total of 44.11M shares of WIFI in existence today, 42.25M are available to trade hands by the public.

It’s also important to pay attention to the short percentage of the float. After all, when a high portion of the float available for trading is shorted, the overall opinion in the market is that the equity is headed for a deep dive. As far as WIFI, the short percentage of the float is currently 11.38%. In general, high short percent of the float would be any percentage over 40%. Nonetheless, I’ve seen that any short percent of the float over 26% is likely a risky play.

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