Ribbon Communications Inc (NASDAQ: RBBN) has seen a rise in its stock price by 28.01 in relation to its previous close of 2.57. However, the company has experienced a 28.01% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-24 that Ribbon Communications (RBBN) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.02 per share a year ago.
Is It Worth Investing in Ribbon Communications Inc (NASDAQ: RBBN) Right Now?
Company’s 36-month beta value is 1.23.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for RBBN is 141.17M, and currently, short sellers hold a 2.50% ratio of that floaft. The average trading volume of RBBN on April 24, 2024 was 413.91K shares.
RBBN’s Market Performance
RBBN’s stock has seen a 28.01% increase for the week, with a 5.45% rise in the past month and a 4.44% gain in the past quarter. The volatility ratio for the week is 3.97%, and the volatility levels for the past 30 days are at 3.96% for Ribbon Communications Inc The simple moving average for the past 20 days is 14.53% for RBBN’s stock, with a 19.97% simple moving average for the past 200 days.
Analysts’ Opinion of RBBN
Many brokerage firms have already submitted their reports for RBBN stocks, with Craig Hallum repeating the rating for RBBN by listing it as a “Buy.” The predicted price for RBBN in the upcoming period, according to Craig Hallum is $5.50 based on the research report published on July 19, 2023 of the previous year 2023.
JMP Securities, on the other hand, stated in their research note that they expect to see RBBN reach a price target of $6. The rating they have provided for RBBN stocks is “Mkt Outperform” according to the report published on April 10th, 2023.
Northland Capital gave a rating of “Outperform” to RBBN, setting the target price at $10 in the report published on January 19th of the previous year.
RBBN Trading at 10.71% from the 50-Day Moving Average
After a stumble in the market that brought RBBN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.87% of loss for the given period.
Volatility was left at 3.96%, however, over the last 30 days, the volatility rate increased by 3.97%, as shares surge +6.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.14% upper at present.
During the last 5 trading sessions, RBBN rose by +27.24%, which changed the moving average for the period of 200-days by +17.63% in comparison to the 20-day moving average, which settled at $2.88. In addition, Ribbon Communications Inc saw 13.44% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RBBN starting from GRAYSON BRUNS H, who purchase 100,000 shares at the price of $2.89 back on Mar 15 ’24. After this action, GRAYSON BRUNS H now owns 590,175 shares of Ribbon Communications Inc, valued at $289,000 using the latest closing price.
LOPEZ MIGUEL A, the EVP, CFO of Ribbon Communications Inc, purchase 2,000 shares at $2.90 during a trade that took place back on Mar 15 ’24, which means that LOPEZ MIGUEL A is holding 280,875 shares at $5,798 based on the most recent closing price.
Stock Fundamentals for RBBN
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.49 for the gross margin
The net margin for Ribbon Communications Inc stands at -0.08. The total capital return value is set at -0.01. Equity return is now at value -13.63, with -5.52 for asset returns.
Based on Ribbon Communications Inc (RBBN), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 0.67. The interest coverage ratio of the stock is -0.44.
Currently, EBITDA for the company is 39.11 million with net debt to EBITDA at 4.69. When we switch over and look at the enterprise to sales, we see a ratio of 1.06. The receivables turnover for the company is 3.08for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
In a nutshell, Ribbon Communications Inc (RBBN) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
