Earnings is just around the corner for DragonWave Inc. (NASDAQ:DRWI) as the firm is slated to issue their report on 1/11/2017 4:30:00 PM. The firm has most recently posted quarter over quarter growth of 86.10% and sales growth of -50.90% quarter over quarter.
In terms of the trend lines, DragonWave Inc. (NASDAQ:DRWI) shares are currently -73.73% off of their 52-week high and 86.67% off from the 52-week low point. The stock is -27.72% from the 200-day moving average and -6.67% from the 50-day average. The Relative Strength Index for the stock stands at 51.97.
Increased volatility should be expected heading into and immediately after the DragonWave Inc. (NASDAQ:DRWI) earnings report. According to the most recent data, the average true range stands at 0.15 which is a measure of the most recent volatility. The number is an exponential 14-day moving average of the True Ranges (range of each trading day’s high and low). The average volatility for the week stands at 5.13% and 5.90% for the past month. The relative volume (ratio between current volume and 3-month average) stands at 0.08.
So is there any potential upside for the stock if DragonWave Inc. is able to meet or beat earnings? Analysts, on a consensus basis have a $3.62 on the stock, compared to a recent bid of $2.80. The average broker recommendation yields a score of 2.70, which is an integer based calculation from all of the buy, sell and hold recommendations from sell-side analysts.
Heading into the earnings report, 4.00% shares are held by company insiders. On the institutional front, 51.50% of DragonWave Inc. (NASDAQ:DRWI) are owned by firms or funds. Over the past few months, insider transactions have trended 0.00% while institutions saw a change of 174.72% in company stock.
Year to date, DragonWave Inc. (NASDAQ:DRWI) holders have seen returns of 7.69%. Over the past month the stock moved 1.82% and most recently shares over the past five trading days have moved 9.80%.