The price-to-earnings ratio for A10 Networks Inc (NYSE: ATEN) is above average at 24.99x, Company’s 36-month beta value is 1.14.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for ATEN is 71.48M, and currently, short sellers hold a 1.72% ratio of that floaft. The average trading volume of ATEN on November 22, 2024 was 550.84K shares.
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ATEN) stock’s latest price update
A10 Networks Inc (NYSE: ATEN)’s stock price has gone rise by 0.49 in comparison to its previous close of 16.48, seekingalpha.com reported 2024-11-07 that A10 Networks, Inc (ATEN) Q3 2024 Earnings Call Transcript
ATEN’s Market Performance
ATEN’s stock has fallen by 0.00% in the past week, with a monthly rise of 14.36% and a quarterly rise of 23.95%. The volatility ratio for the week is 1.65% while the volatility levels for the last 30 days are 2.27% for A10 Networks Inc The simple moving average for the past 20 days is 6.01% for ATEN’s stock, with a 17.99% simple moving average for the past 200 days.
Analysts’ Opinion of ATEN
Many brokerage firms have already submitted their reports for ATEN stocks, with BWS Financial repeating the rating for ATEN by listing it as a “Buy.” The predicted price for ATEN in the upcoming period, according to BWS Financial is $24 based on the research report published on November 13, 2024 of the current year 2024.
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 “Hold” according to the report published on November 08th, 2024.
ATEN Trading at 11.83% 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 -2.13% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 1.65%, as shares surge +15.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.98% upper at present.
During the last 5 trading sessions, ATEN remain unchanged, which changed the moving average for the period of 200-days by +27.78% in comparison to the 20-day moving average, which settled at $15.62. In addition, A10 Networks Inc saw 25.74% 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 23,754 shares at the price of $16.36 back on Nov 14 ’24. After this action, CHUNG PETER Y now owns 516,933 shares of A10 Networks Inc, valued at $388,615 using the latest closing price.
CHUNG PETER Y, the Director of A10 Networks Inc, sale 78,479 shares at $16.59 during a trade that took place back on Nov 13 ’24, which means that CHUNG PETER Y is holding 540,687 shares at $1,301,967 based on the most recent closing price.
Stock Fundamentals for ATEN
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.81 for the gross margin
The net margin for A10 Networks Inc stands at 0.19. The total capital return value is set at 0.16. Equity return is now at value 24.03, with 12.67 for asset returns.
Currently, EBITDA for the company is 47.99 million with net debt to EBITDA at -1.42. When we switch over and look at the enterprise to sales, we see a ratio of 4.45. The receivables turnover for the company is 3.97for 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 2.19.
Conclusion
In a nutshell, A10 Networks Inc (ATEN) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
