The stock price of ADTRAN Holdings Inc (NASDAQ: ADTN) has dropped by -4.09 compared to previous close of 5.13. Despite this, the company has seen a fall of -0.20% in its stock price over the last five trading days. zacks.com reported 2024-06-25 that Adtran (ADTN) and Iridium unite to introduce cutting-edge synchronization solutions across Europe and Asia-Pacific, bolstering resilience against GNSS vulnerabilities with state-of-the-art STL technology.
Is It Worth Investing in ADTRAN Holdings Inc (NASDAQ: ADTN) Right Now?
Additionally, the 36-month beta value for ADTN is 1.21. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
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The public float for ADTN is 73.90M and currently, short sellers hold a 4.74% ratio of that float. The average trading volume of ADTN on June 26, 2024 was 1.15M shares.
ADTN’s Market Performance
ADTN’s stock has seen a -0.20% decrease for the week, with a -5.75% drop in the past month and a -7.34% fall in the past quarter. The volatility ratio for the week is 6.41%, and the volatility levels for the past 30 days are at 5.23% for ADTRAN Holdings Inc. The simple moving average for the past 20 days is -6.84% for ADTN’s stock, with a -20.90% simple moving average for the past 200 days.
Analysts’ Opinion of ADTN
Many brokerage firms have already submitted their reports for ADTN stocks, with Northland Capital repeating the rating for ADTN by listing it as a “Outperform.” The predicted price for ADTN in the upcoming period, according to Northland Capital is $7.50 based on the research report published on May 08, 2024 of the current year 2024.
Rosenblatt gave a rating of “Neutral” to ADTN, setting the target price at $7 in the report published on November 07th of the previous year.
ADTN Trading at -3.43% 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 -55.11% of loss for the given period.
Volatility was left at 5.23%, however, over the last 30 days, the volatility rate increased by 6.41%, as shares sank -6.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.24% upper at present.
During the last 5 trading sessions, ADTN fell by -0.20%, which changed the moving average for the period of 200-days by -39.48% in comparison to the 20-day moving average, which settled at $5.26. In addition, ADTRAN Holdings Inc saw -32.97% 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
- 0.31 for the gross margin
The net margin for ADTRAN Holdings Inc stands at -0.51. The total capital return value is set at -0.18. Equity return is now at value -100.62, with -33.45 for asset returns.
Based on ADTRAN Holdings Inc (ADTN), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is -22.14.
Currently, EBITDA for the company is -17.89 million with net debt to EBITDA at -2.87. 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 5.05for trailing twelve months and the total asset turnover is 0.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.46.
Conclusion
In conclusion, ADTRAN Holdings Inc (ADTN) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
