The stock price of A10 Networks Inc (NYSE: ATEN) has plunged by -0.64 when compared to previous closing price of 15.51, but the company has seen a 0.26% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-30 that A10 Networks (ATEN) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $0.13 per share a year ago.
Is It Worth Investing in A10 Networks Inc (NYSE: ATEN) Right Now?
A10 Networks Inc (NYSE: ATEN) has a higher price-to-earnings ratio of 25.36x compared to its average ratio. ATEN has 36-month beta value of 1.15. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ATEN is 68.72M, and currently, short sellers hold a 4.36% ratio of that float. The average trading volume of ATEN on May 09, 2024 was 724.87K shares.
ATEN’s Market Performance
ATEN’s stock has seen a 0.26% increase for the week, with a 12.56% rise in the past month and a 18.90% gain in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 3.13% for A10 Networks Inc The simple moving average for the last 20 days is 11.95% for ATEN stock, with a simple moving average of 14.71% for the last 200 days.
Analysts’ Opinion of ATEN
Craig Hallum, on the other hand, stated in their research note that they expect to see ATEN reach a price target of $16. The rating they have provided for ATEN stocks is “Buy” according to the report published on June 23rd, 2021.
Sidoti gave a rating of “Buy” to ATEN, setting the target price at $11 in the report published on July 21st of the previous year.
ATEN Trading at 12.43% from the 50-Day Moving Average
After a stumble in the market that brought ATEN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.63% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares surge +16.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.86% upper at present.
During the last 5 trading sessions, ATEN rose by +0.26%, which changed the moving average for the period of 200-days by +7.01% in comparison to the 20-day moving average, which settled at $13.88. In addition, A10 Networks Inc saw 17.01% 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 ATEN starting from Trivedi Dhrupad, who sale 60,606 shares at the price of $13.27 back on Mar 05 ’24. After this action, Trivedi Dhrupad now owns 495,814 shares of A10 Networks Inc, valued at $804,242 using the latest closing price.
Becker Brian, the Chief Financial Officer of A10 Networks Inc, sale 15,000 shares at $12.93 during a trade that took place back on Feb 13 ’24, which means that Becker Brian is holding 34,252 shares at $193,950 based on the most recent closing price.
Stock Fundamentals for ATEN
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.81 for the gross margin
The net margin for A10 Networks Inc stands at 0.18. The total capital return value is set at 0.14. Equity return is now at value 22.88, with 12.15 for asset returns.
Based on A10 Networks Inc (ATEN), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 15.56. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -67.97.
Currently, EBITDA for the company is 47.99 million with net debt to EBITDA at -2.16. When we switch over and look at the enterprise to sales, we see a ratio of 4.08. The receivables turnover for the company is 4.56for trailing twelve months and the total asset turnover is 0.64. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.40.
Conclusion
To put it simply, A10 Networks Inc (ATEN) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
