As of Friday close, ADTRAN Holdings Inc.’s (NASDAQ:ADTN) stock was down -$0.02, moving down -0.25 percent to $8.14. The average number of shares traded per day over the past five days has been 729,800 shares. 1 time new highs have been achieved over the past 5 days, with a $0.10 gain in that time frame. In the last twenty days, the average volume was 1,036,345, while in the previous 50 days, it was 989,964.
Since last month, ADTN stock retreated -20.35%. Shares of the company fell to $7.00 on 08/08/23, the lowest level in the past month. A 52-week high of $25.47 was reached on 01/12/23 after having rallying from a 52-week low of $7.00. Since the beginning of this year, ADTN’s stock price has dropped by -56.68% or -$10.65, and marked a new high 4 times. However, the stock has declined by -68.04% since its 52-week high.
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ADTN stock investors should be aware that ADTRAN Holdings Inc. (ADTN) stock had its last reported insider trading activity 255 days ago on Dec 07. STANTON THOMAS R, the Chairman & CEO of the company, purchased of 652 shares for $19.21 on Dec 07. It resulted in a $12,529 investment by the insider. McCray Gregory James added 36 shares at an average price of $19.21 on Dec 07. The insider now owns 21,673 shares following the transaction. On Sep 04, Chairman and CEO STANTON THOMAS R bought 296 shares at $22.90 apiece. The transaction was valued at $6,783.
Valuation Metrics
The stock’s beta is 1.41. Besides these, the trailing price-to-sales (P/S) ratio of 0.51, the price-to-book (PB) ratio of 0.78.
The latest dividend of $0.09 per share was paid out, remained unchanged from last year’s $0.09.
Financial Health
In the three months ended June 29, ADTRAN Holdings Inc.’s quick ratio stood at 0.90, while its current ratio was 1.70, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 30.20% percent. In the year ended June 29, EBITDA margin amounted to 2.73%, whereas operating margins totaled -6.10%. Based on annual data, ADTN earned $327.25 million in gross profit and brought in $1.03 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.00%. Return on equity (ROE) for the past 12 months was -0.30%.
In ADTRAN Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $200.0 million against cash and short-term investments of $3.09 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected ADTRAN Holdings Inc. to report $0 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated -$10.42 million in EBITDA. The liabilities of ADTRAN Holdings Inc. were 1.1 billion at the end of its most recent quarter ended June 29, and its total debt was $231.75 million. The value of shareholders’ equity is $78.68 million.
Technical Picture
This quick technical analysis looks at ADTRAN Holdings Inc.’s (ADTN) price momentum. With a historical volatility rate of 26.55%, the RSI 9-day stood at 36.57% on 18 August.
With respect to its five-day moving average, the current ADTRAN Holdings Inc. price is up by +1.24% percent or $0.10. At present, ADTN shares trade -19.33% below its 20-day simple moving average and -48.09% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.22% below its SMA50 and -63.76% below its SMA200.
Stochastic coefficient K was 38.39% and Stochastic coefficient D was 36.49%, while ATR was 0.42. Given the Stochastic reading of 39.86% for the 14-day period, the RSI (14) reading has been calculated as 35.28%. As of today, the MACD Oscillator reading stands at 0.19, while the 14-day reading stands at -0.15.
Analyst Ratings
ADTRAN Holdings Inc. downgraded its rating on ADTRAN Holdings Inc. (NASDAQ: ADTN) to a Market perform in a note to investors on April 12, 2023. The analysts firm previously had an Outperform rating on the stock.ADTRAN Holdings Inc. (ADTN) has been rated Overweight by analysts. According to 0 brokerage firms, ADTN is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate ADTRAN Holdings Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $11.00, the current consensus forecast for the stock is $7.58 – $13.00. Based on these forecasts, analysts predict ADTRAN Holdings Inc. (ADTN) will achieve an average price target of $10.32.
