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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#1675
Positioning
Market Dominance
Manufacturing
Electronic Equipment
$52M
Jacob Suen
Airgain, Inc. designs, develops, and engineers antenna products for original equipment and design manufacturers, vertical markets, chipset vendors, service providers, value-added resellers and software developers. The company's products include MaxBeam embedded antennas, profile embedded antennas; profile embedded. antennas, as well as automotive, fleet, public safety, and machine-to-machine antennas under Antenna Plus brand.
Headcount
140
HQ Base
SAN DIEGO, California
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UL UNILEVER PLC | 78 | 96 | 98 | 59 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ASML ASML HOLDING NV | 77 | 89 | 86 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ESLT ELBIT SYSTEMS LTD | 76 | 81 | 87 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$MT ArcelorMittal | 75 | 71 | 98 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AMAT APPLIED MATERIALS INC /DE | 75 | 85 | 87 | 84 | 20.9x | 13.6x | 32.9% | 20.5% | 48.8% | 30.6% | 24.4% | 7.7% | 0.9% | 32.0x | $148.6B | VS | |
$SIMO Silicon Motion Technology CORP | 75 | 84 | 86 | 85 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$CODA Coda Octopus Group, Inc. | 74 | 83 | 90 | 79 | 16.3x | 11.9x | 7.4% | 7.5% | 68.3% | 19.5% | 18.2% | 29.0% | 0.0% | 0.0x | $84M | VS | |
$GSK GSK plc | 74 | 84 | 90 | 70 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$EFXT Enerflex Ltd. | 74 | 80 | 91 | 83 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$BUD Anheuser-Busch InBev SA/NV | 74 | 84 | 97 | 63 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$AIRG AIRGAIN INC | 52 | 59 | 50 | 39 | - | - | -19.3% | -12.6% | 42.8% | -14.7% | -10.4% | -7.7% | 0.0% | 53.0x | $52M | ||
| SECTOR BENCH | - | - | - | - | - | 22.3x | 11.5x | -1.9% | 0.9% | 44.1% | 2.5% | 1.0% | 6.7% | 0.0% | 0.2x | - | REF |
AIRGAIN INC (AIRG) receives a "Hold" rating with a composite score of 52.1/100. It ranks #1675 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Lagging peers — losers tend to keep underperforming
Fair valuation relative to peers
Average quality profile
Average volatility — neutral timing signal
Aggressive spending — empire-building risk, dilutive growth
Mid-range overall rating
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Relative valuation derived from Manufacturing sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for AIRG.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 59 | 61 | -2NEUTRAL |
| MOMENTUM | 39 | 28 | +11ALPHA |
| VALUATION | 50 | 39 | +11ALPHA |
| INVESTMENT | 34 | 55 | -21DRAG |
| STABILITY | 54 | 50 | +4NEUTRAL |
| SHORT INT | 52 | 58 | -6DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy -19.3% (sector -1.9%)
GM 43% vs sector 44%, OM -15% vs sector 3%
Capital turnover N/A, R&D intensity 18.1%
Rev growth -8%, 10yr history
Interest coverage N/A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate AIRGAIN INC (AIRG) as a Hold with a composite score of 52.1/100 at a current price of $4.84. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
AIRGAIN INC holds a top-quartile position (#0 of 50) within the Manufacturing sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 52.1/100 places it at rank #1675 in our full universe.
No Moat
Medium
Poor
Fair Value
Gross margins of 43% signal strong pricing power.
Stable competitive position in a defensive sector.
Vulnerability to macroeconomic shocks and interest rate volatility.
AIRGAIN INC represents a hold based on multi-factor quantitative performance.
Our model assigns AIRGAIN INC a Hold rating, with a composite score of 52.1/100 and 3 out of 5 stars. Ranked #1675 of 7,333 stocks, AIRG presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
With a quality score of 59/100, AIRG shows adequate but unremarkable business quality. The company reports a return on equity of -19.3% (sector avg: -1.9%), gross margins of 42.8% (sector avg: 44.1%), net margins of -10.4% (sector avg: 1.0%). This suggests the company generates acceptable returns but may lack the competitive positioning or operational efficiency to stand out from peers.
AIRG's value score of 50/100 indicates the stock is fairly valued based on its current fundamentals. Key valuation metrics include a P/B ratio of 2.06x. At this level, neither a clear bargain nor overpriced, the stock's attractiveness depends more on forward growth expectations and qualitative factors.
AIRGAIN INC's investment score of 34/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of -7.7% vs. a sector average of 6.7% and a return on assets of -12.6% (sector: 0.9%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
AIRG is currently showing below-average momentum at 39/100, which may indicate weakening institutional interest or negative sentiment shifts. Revenue growth stands at -7.7% year-over-year, while a beta of 0.69 reflects its sensitivity to broader market moves. Investors should note that declining momentum can precede further price weakness, though contrarian opportunities sometimes emerge at these levels.
With a stability score of 54/100, AIRG exhibits average financial resilience. Key stability metrics include a beta of 0.69 and a debt-to-equity ratio of 53.00x (sector avg: 0.2x). While the balance sheet is not a major concern, the stock is subject to typical market volatility and may experience sharper drawdowns during risk-off episodes.
The short interest score of 52/100 for AIRG suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 53.00x), micro-cap liquidity risk. With a $52M market cap (micro-cap), AIRGAIN INC may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
AIRGAIN INC is a micro-cap company in the Manufacturing sector, ranked #0 of 50 in its sector (100th percentile) and #1675 of 7,333 overall (77th percentile). Key comparisons include ROE of -19.3% trailing the -1.9% sector median and operating margins of -14.7% below the 2.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Manufacturing peers.
While AIRG currently exhibits a HOLD profile, superior opportunities exist within the MANUFACTURING sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Manufacturing Alpha →Quant Factor Profile
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Investment (34) is the limiting factor — improvement here would lift the composite score most.
ROE 916% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin IN LINE WITH SECTOR BENCHMARKS
Op. Margin 684% BELOW SECTOR MEDIAN
Above 50MA
37.18%
Net New Highs
+51081
SAN DIEGO, February 23, 2026--Airgain, Inc. (NASDAQ: AIRG), a leading provider of wireless connectivity solutions, today announced that it has secured a multi‑year, multi‑million‑dollar embedded antenna design win for a next‑generation 5G home connectivity platform being developed by a major North American Mobile Network Operator (MNO).
SAN DIEGO, February 17, 2026--Airgain, Inc. (NASDAQ: AIRG), a leading provider of advanced wireless connectivity solutions, today announced that it has granted inducement awards to new employees who recently joined the Company.
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