The stock of ADTRAN Holdings Inc (ADTN) has seen a 17.92% increase in the past week, with a 2.28% gain in the past month, and a -21.27% decrease in the past quarter. The volatility ratio for the week is 4.28%, and the volatility levels for the past 30 days are at 3.72% for ADTN. The simple moving average for the last 20 days is 10.00% for ADTN stock, with a simple moving average of -23.66% for the last 200 days.
Is It Worth Investing in ADTRAN Holdings Inc (NASDAQ: ADTN) Right Now?
Company’s 36-month beta value is 1.15.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for ADTN is 73.87M, and currently, short sellers hold a 4.49% ratio of that floaft. The average trading volume of ADTN on May 07, 2024 was 747.75K shares.
ADTN) stock’s latest price update
The stock of ADTRAN Holdings Inc (NASDAQ: ADTN) has increased by 9.66 when compared to last closing price of 4.71. Despite this, the company has experienced a 17.92% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that ADTRAN’s (ADTN) Q1 2024 revenues and earnings beat the Zacks Consensus Estimate. However, revenues decline year over year due to persistent macroeconomic weakness.
Analysts’ Opinion of ADTN
Rosenblatt, on the other hand, stated in their research note that they expect to see ADTN reach a price target of $7, previously predicting the price at $11. The rating they have provided for ADTN stocks is “Neutral” according to the report published on November 07th, 2023.
Northland Capital gave a rating of “Market Perform” to ADTN, setting the target price at $13 in the report published on April 12th of the previous year.
ADTN Trading at -1.66% from the 50-Day Moving Average
After a stumble in the market that brought ADTN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.13% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 4.28%, as shares surge +7.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.68% lower at present.
During the last 5 trading sessions, ADTN rose by +25.80%, which changed the moving average for the period of 200-days by -45.39% in comparison to the 20-day moving average, which settled at $4.71. In addition, ADTRAN Holdings Inc saw -29.63% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ADTN
Current profitability levels for the company are sitting at:
- -0.18 for the present operating margin
- 0.29 for the gross margin
The net margin for ADTRAN Holdings Inc stands at -0.22. The total capital return value is set at -0.15. Equity return is now at value -32.97, with -14.44 for asset returns.
Based on ADTRAN Holdings Inc (ADTN), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at -0.22. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is -12.64.
Currently, EBITDA for the company is -17.89 million with net debt to EBITDA at -2.98. When we switch over and look at the enterprise to sales, we see a ratio of 0.48. The receivables turnover for the company is 4.75for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.63.
Conclusion
In a nutshell, ADTRAN Holdings Inc (ADTN) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
