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Bandwidth Inc.
Bandwidth Inc. (NASDAQ: BAND) provides a cloud-based communications platform for businesses in the United States. Software application programming interfaces for voice and text capabilities and purpose-built internet protocol voice networks are among the company's products.
Why Should Investors Exit?
Stock Recommendation:
At the current price level, BAND shares face resistance, and its 14-day RSI is ~ 28.12, indicating a bearish trend, indicating that it may be downtrodden to lower prices. As the company is witnessing continual decreasing margins, a leveraged balance sheet, a surge in accumulated deficit, and other technical indicators, we recommend a "Sell" rating on the stock at the closing price of USD 46.48, down 8.38%, as of February 23, 2022.
One-Year Technical Price Chart (as of February 23, 2022). Source: REFINITIV, Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.