Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Highlights
- Valuation
Upturn AI Summary - About
Airgain Inc(AIRG)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for AIRG
11/04/2026: AIRG (2-star) is currently NOT-A-BUY. Pass it for now.
Airgain Inc is a specialized provider of wireless connectivity and antenna technology for consumer, enterprise, and automotive markets. The company is actively transitioning from a legacy focus on consumer electronics to higher-margin opportunities in 5G and industrial IoT. Its primary strength lies in its deep technical expertise in wireless design, which supports a growing portfolio of integrated connectivity solutions. However, investors face risks from high customer concentration, cyclical revenue patterns, and the need for consistent execution in competitive markets. The stock may appeal to growth investors focused on long-term infrastructure trends, provided they can tolerate the volatility associated with its small-cap profile and ongoing strategic transformation.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers growth potential through new market segments but must overcome historical revenue volatility. |
| Momentum investor | Weak fit | Momentum fit is conditional on a clear and sustained upturn in financial performance and volume, which is not currently the primary trend. |
| Value investor | Mixed fit | Valuation may appear attractive during cyclical troughs, but the business model requires consistent profitability to be a core value holding. |
| Dividend investor | Weak fit | The company does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | Small-cap volatility and concentration risk make this unsuitable for conservative or low-risk profiles. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | As a small-cap stock, price swings can be significant and driven by sector news rather than fundamentals. |
| Valuation risk | Medium | The market's valuation of the company shifts rapidly based on expectations of future design-win success. |
| Competition risk (Hardware/Antenna) | Medium / high | Maintaining technological differentiation against larger players with greater R&D budgets is a constant struggle. |
| Business quality | Medium | The company is transitioning its business mix, which introduces operational and execution risks. |
| Dividend income | Low / none | Investors should expect no income from this holding. |
| Execution risk | Medium / high | Success depends on the company's ability to successfully transition to newer, higher-margin wireless markets. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 133.73% | Avg. Invested days 69 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 11/04/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 53.37M USD | Price to earnings Ratio - | 1Y Target Price 8.88 |
Price to earnings Ratio - | 1Y Target Price 8.88 | ||
Volume (30-day avg) 56.5K shares | Beta 1 | 52 Weeks Range 3.00 - 7.66 | Updated Date 11/04/2026 |
52 Weeks Range 3.00 - 7.66 | Updated Date 11/04/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.57 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Product Sales | Revenue generated from the sale of antenna systems and integrated wireless devices to OEMs. | The company makes money primarily by selling connectivity hardware to manufacturers of electronic products. |
| Geography | Global distribution with significant sales focus in the North American and Asian manufacturing markets. | Global trade conditions and manufacturing trends in Asia significantly influence the company's supply chain and revenue. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 16.31 | Enterprise Value 50.31M | Price to Sales(TTM) 1.07 |
Enterprise Value 50.31M | Price to Sales(TTM) 1.07 | ||
Enterprise Value to Revenue 0.98 | Enterprise Value to EBITDA 150.37 | Shares Outstanding 12.68M | Shares Floating 10.57M |
Shares Outstanding 12.68M | Shares Floating 10.57M | ||
Percent Insiders 21.3 | Percent Institutions 31.46 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.