A Complete Data Check on DragonWave Inc. (NASDAQ:DRWI)

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Equity ownership in DragonWave Inc. (NASDAQ:DRWI) is spread out. As per the latest figures, insiders own 4.00% of the company. That compares with institutional ownership of 51.50%.

In terms of transactions along the lines of equity ownership, the company has seen 86.65% institutional transactions in the recent months.

The Barchart Technical Opinion rating is a 100% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Strong. Long term indicators fully support a continuation of the trend.

Recently, DragonWave Inc. (NASDAQ:DRWI) announced that financial results for the fourth quarter and full fiscal year ended February 28, 2017. All figures are in U.S. dollars and were prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).

Revenue for the full fiscal year was $43.9 million. Revenue for the fourth quarter of fiscal year 2017 was $8.0 million, compared with $10.2 million in the third quarter of fiscal year 2017.

DragonWave Inc. has 8.11M shares outstanding of which 7.74M float. The short float is 5.23%, implying a short ratio of 1.16.

In terms of stock price performance, shares of DragonWave Inc. have moved -20.59% over the last one week and have moved -24.55% over the last one month. Stock performance for the last one quarter is -40.00% and for the last six months is -72.54%. Over the last 12 months shares of DragonWave Inc. have moved -83.33% and their movement so far this year is -68.85%.

What has DragonWave Inc. produced for investors over the last 12 months? The company’s financial documents reveal return on assets for the trailing 12 months is -43.30%. Return on investments for the last 12 months stands at -162.50%.

Where does DragonWave Inc. stands in terms of liquidity and balance sheet strength? The company’s current ratio for the most recent quarter is 1.00 and quick ratio for the same period is 0.50.

Other performance indicators worth keeping in mind in this stock is that its P/Cash for the most recent quarter is 1.46.

Analysts who have weighed on the stock have an average price target of $10.44 on it and average recommendation of 2.50.

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