The stock of Ribbon Communications Inc (RBBN) has seen a 0.89% increase in the past week, with a 7.91% gain in the past month, and a 8.60% flourish in the past quarter. The volatility ratio for the week is 3.23%, and the volatility levels for the past 30 days are at 3.88% for RBBN. The simple moving average for the last 20 days is 8.86% for RBBN’s stock, with a simple moving average of 14.07% for the last 200 days.
Is It Worth Investing in Ribbon Communications Inc (NASDAQ: RBBN) Right Now?
Company’s 36-month beta value is 1.09.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.”
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The public float for RBBN is 142.94M, and currently, short sellers hold a 1.09% ratio of that floaft. The average trading volume of RBBN on September 02, 2024 was 343.46K shares.
RBBN) stock’s latest price update
Ribbon Communications Inc (NASDAQ: RBBN)’s stock price has gone decline by -0.58 in comparison to its previous close of 3.43, however, the company has experienced a 0.89% increase in its stock price over the last five trading days. prnewswire.com reported 2024-08-13 that PLANO, Texas, Aug. 13, 2024 /PRNewswire/ — Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications technology and IP optical networking solutions to many of the world’s largest service providers, enterprises, and critical infrastructure operators to modernize and protect their networks, today announced that Miguel “Mick” Lopez, Executive Vice President, Chief Financial Officer, intends to retire after 40 years in the technology industry. Ribbon has engaged an executive search firm to identify and evaluate potential successors from inside and outside the company.
Analysts’ Opinion of RBBN
Many brokerage firms have already submitted their reports for RBBN stocks, with Rosenblatt repeating the rating for RBBN by listing it as a “Buy.” The predicted price for RBBN in the upcoming period, according to Rosenblatt is $5 based on the research report published on July 11, 2024 of the current year 2024.
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 29th, 2024.
Craig Hallum gave a rating of “Buy” to RBBN, setting the target price at $5.50 in the report published on July 19th of the previous year.
RBBN Trading at 3.47% 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 -13.67% of loss for the given period.
Volatility was left at 3.88%, however, over the last 30 days, the volatility rate increased by 3.23%, as shares surge +14.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.29% upper at present.
During the last 5 trading sessions, RBBN rose by +0.89%, which changed the moving average for the period of 200-days by +73.10% in comparison to the 20-day moving average, which settled at $3.15. In addition, Ribbon Communications Inc saw 17.59% 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 LOPEZ MIGUEL A, who purchase 2,000 shares at the price of $2.90 back on Mar 15 ’24. After this action, LOPEZ MIGUEL A now owns 280,875 shares of Ribbon Communications Inc, valued at $5,798 using the latest closing price.
GRAYSON BRUNS H, the Director of Ribbon Communications Inc, purchase 100,000 shares at $2.89 during a trade that took place back on Mar 15 ’24, which means that GRAYSON BRUNS H is holding 590,175 shares at $289,000 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 -0.07. The total capital return value is set at 0.01. Equity return is now at value -12.48, with -4.72 for asset returns.
Based on Ribbon Communications Inc (RBBN), the company’s capital structure generated 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 0.86. The interest coverage ratio of the stock is 0.45.
Currently, EBITDA for the company is 39.11 million with net debt to EBITDA at 4.35. When we switch over and look at the enterprise to sales, we see a ratio of 1.14. The receivables turnover for the company is 3.8for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
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’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.
