The 36-month beta value for ADTN is also noteworthy at 1.23. 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.”
The public float for ADTN is 73.90M, and at present, short sellers hold a 2.92% of that float. The average trading volume of ADTN on July 18, 2024 was 1.23M shares.
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ADTN) stock’s latest price update
ADTRAN Holdings Inc (NASDAQ: ADTN) has experienced a decline in its stock price by -0.71 compared to its previous closing price of 6.35. However, the company has seen a gain of 14.64% in its stock price over the last five trading days. zacks.com reported 2024-07-17 that ADTRAN (ADTN) partners with telMAX to deploy cutting-edge fiber access technology in Canada, promising rapid expansion and exceptional connectivity.
ADTN’s Market Performance
ADTRAN Holdings Inc (ADTN) has seen a 14.64% rise in stock performance for the week, with a 27.89% gain in the past month and a 35.59% surge in the past quarter. The volatility ratio for the week is 4.96%, and the volatility levels for the past 30 days are at 4.75% for ADTN. The simple moving average for the past 20 days is 18.33% for ADTN’s stock, with a 5.13% 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 18.27% 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 -40.52% of loss for the given period.
Volatility was left at 4.75%, however, over the last 30 days, the volatility rate increased by 4.96%, as shares surge +26.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.97% upper at present.
During the last 5 trading sessions, ADTN rose by +14.73%, which changed the moving average for the period of 200-days by -23.33% in comparison to the 20-day moving average, which settled at $5.40. In addition, ADTRAN Holdings Inc saw -14.10% 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 0.58. 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 summary, ADTRAN Holdings Inc (ADTN) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others 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.
