While ADTRAN Holdings Inc has underperformed by -3.33%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ADTN rose by 17.34%, with highs and lows ranging from $9.21 to $4.34, whereas the simple moving average jumped by 37.80% in the last 200 days.
On November 08, 2024, Rosenblatt Upgraded ADTRAN Holdings Inc (NASDAQ: ADTN) to Buy. A report published by Northland Capital on May 08, 2024, Upgraded its rating to ‘Outperform’ for ADTN. Rosenblatt November 07, 2023d the rating to Neutral on November 07, 2023, and set its price target from $11 to $7. Northland Capital April 12, 2023d its ‘Outperform’ rating to ‘Market Perform’ for ADTN, as published in its report on April 12, 2023. Loop Capital’s report from September 26, 2022 suggests a price prediction of $26 for ADTN shares, giving the stock a ‘Buy’ rating. Needham also rated the stock as ‘Buy’.
Analysis of ADTRAN Holdings Inc (ADTN)
Further, the quarter-over-quarter decrease in sales is -16.39%, showing a negative trend in the upcoming months.
One of the most important indicators of ADTRAN Holdings Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -114.06% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.17, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and ADTN is recording 580.80K average volume. On a monthly basis, the volatility of the stock is set at 4.63%, whereas on a weekly basis, it is put at 5.76%, with a loss of -6.34% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.68, showing growth from the present price of $8.12, which can serve as yet another indication of whether ADTN is worth investing in or should be passed over.
How Do You Analyze ADTRAN Holdings Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 7.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.45% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ADTN shares are owned by institutional investors to the tune of 76.45% at present.
