ADTRAN Holdings Inc (ADTN)’s stock has witnessed a price hike of 12.95% from the previous close with its current price standing at $7.15. Its current price is -6.67% under its 52-week high of $7.66 and 64.75% more than its 52-week low of $4.34. Based on the past 30-day period, the stock price is -0.61% below the high and +19.81% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, ADTN’s SMA-200 is $5.62.
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Additionally, it is important to take into account ADTN stock ratios, including its price-to-sales ratio, which is 0.60 for the last tewlve months.ADTN’s price to book ratio for the most recent quarter was 2.56, resulting in an 5.09 price to cash per share for the period.
How does ADTRAN Holdings Inc (ADTN) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 4 brokerage firms that recommend the stock as a Moderate Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.25 in simple terms.
ADTRAN Holdings Inc (ADTN): Earnings History
Most analysts expect public companies to report earnings and revenue in line with their projections, but sometimes these figures vary from what they actually expected. In the current quarter, the company had earnings predictions made by 2 different analysts, who are expecting earnings to fall in between the range of -0.03 and -0.08 with an average Earnings Estimate of -0.05 which is in contrast with the last year earnings estimate of -0.18 and also replicates 72.22% growth rate year over year.
ADTRAN Holdings Inc (NASDAQ: ADTN) Ownership Details
I will give a breakdown of the key shareholders in ADTRAN Holdings Inc (ADTN). Recent figures show that the company’s insiders hold 1.52% of shares. A total of 222 institutional investors hold shares in the company, making 89.16% of its stock and 90.54% of its float.
Jun 30, 2023, it was reported that the Company’s largest institutional holder is Blackrock Inc. holding total of 13.27 shares that make 16.86% of the company’s total number of shares and are currently priced at 139.69 million.
The securities firm Vanguard Group Inc holds 9.08 shares of ADTN, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 11.54%, and the holding percentage of shares is valued at 95.63 million.
An overview of ADTRAN Holdings Inc’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests ADTRAN Holdings Inc (ADTN) traded 435,778 shares per day, with a moving average of $6.24 and price change of +1.05. With the moving average of $5.86 and a price change of +1.41, about 452,223 shares changed hands on average over the past 50 days. Finally, ADTN’s 100-day average volume is 771,064 shares, alongside a moving average of $5.68 and a price change of +1.88.
