In the past week, ATEN stock has gone down by -1.49%, with a monthly gain of 4.00% and a quarterly plunge of -6.03%. The volatility ratio for the week is 2.35%, and the volatility levels for the last 30 days are 2.09% for A10 Networks Inc. The simple moving average for the past 20 days is -0.56% for ATEN’s stock, with a -2.72% simple moving average for the past 200 days.
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 22.88x compared to its average ratio, The 36-month beta value for ATEN is at 1.12. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for ATEN is 71.54M, and currently, shorts hold a 3.43% of that float. The average trading volume for ATEN on September 13, 2024 was 891.73K shares.
ATEN) stock’s latest price update
The stock price of A10 Networks Inc (NYSE: ATEN) has jumped by 1.69 compared to previous close of 13.03. Despite this, the company has seen a fall of -1.49% in its stock price over the last five trading days. seekingalpha.com reported 2024-07-30 that A10 Networks, Inc. (NYSE:ATEN ) Q2 2024 Earnings Conference Call July 30, 2024 4:30 PM ET Company Participants Tom Bauman – FNK Investor Relations Dhrupad Trivedi – President and Chief Executive Officer Brian Becker – Chief Financial Officer Conference Call Participants Stephan Guillaume – Sidoti Gray Powell – BTIG Hamed Khorsand – BWS Financials Operator Thank you for joining. I would like to welcome you all to the A10 Network’s Second Quarter 2024 Financial Results Conference Call.
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 -1.07% 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 -19.50% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares surge +3.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.28% lower at present.
During the last 5 trading sessions, ATEN fell by -1.49%, which changed the moving average for the period of 200-days by +8.25% in comparison to the 20-day moving average, which settled at $13.35. In addition, A10 Networks Inc saw 0.61% 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 CHUNG PETER Y, who sale 3,296,047 shares at the price of $15.40 back on May 20 ’24. After this action, CHUNG PETER Y now owns 619,166 shares of A10 Networks Inc, valued at $50,759,124 using the latest closing price.
Trivedi Dhrupad, the Chief Executive Officer of A10 Networks Inc, sale 60,606 shares at $13.27 during a trade that took place back on Mar 05 ’24, which means that Trivedi Dhrupad is holding 495,814 shares at $804,242 based on the most recent closing price.
Stock Fundamentals for ATEN
Current profitability levels for the company are sitting at:
- 0.14 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 0.13. Equity return is now at value 21.40, with 11.39 for asset returns.
Based on A10 Networks Inc (ATEN), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at 7.46. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -60.52.
Currently, EBITDA for the company is 47.99 million with net debt to EBITDA at -1.48. When we switch over and look at the enterprise to sales, we see a ratio of 3.66. The receivables turnover for the company is 4.34for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.34.
Conclusion
In conclusion, A10 Networks Inc (ATEN) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
