As of Friday close, A10 Networks Inc.’s (NYSE:ATEN) stock was up $0.12, moving up 0.82 percent to $14.69. The average number of shares traded per day over the past five days has been 621,180 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.51 fall in that time frame. In the last twenty days, the average volume was 629,255, while in the previous 50 days, it was 617,790.
Since last month, ATEN stock rose 4.48%. Shares of the company fell to $14.02 on 07/20/23, the lowest level in the past month. A 52-week high of $19.79 was reached on 01/04/23 after having rallying from a 52-week low of $12.61. Since the beginning of this year, ATEN’s stock price has dropped by -11.67% or -$1.94, and marked a new high 2 times. However, the stock has declined by -25.77% since its 52-week high.
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ATEN stock investors should be aware that A10 Networks Inc. (ATEN) stock had its last reported insider trading activity 11 days ago on Aug 08. BRUENING MATTHEW P, the EVP, Worldwide Sales & Mktg of the company, disposed of 8,641 shares for $15.38 on Aug 08. It resulted in a $132,899 divestment by the insider. Trivedi Dhrupad sold 21,181 shares at an average price of $15.46 on Aug 07. The insider now owns 520,772 shares following the transaction. On Aug 07, EVP, Worldwide Sales & Mktg BRUENING MATTHEW P sold 5,036 shares at $15.46 apiece. The transaction was valued at $77,857.
Valuation Metrics
Right now, A10 Networks Inc. (ATEN) has a P/E ratio of about 24.44. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 3.98, the price-to-book (PB) ratio of 5.63, and the price-to-cash flow ratio of 22.07 may also be considered.
The latest dividend of $0.06 per share was paid out, remained unchanged from last year’s $0.06. On Tuesday November 1 2022, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, A10 Networks Inc.’s quick ratio stood at 2.20, while its current ratio was 2.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 80.20% percent. In the year ended June 29, EBITDA margin amounted to 21.57%, whereas operating margins totaled 18.40%. Based on annual data, ATEN earned $223.51 million in gross profit and brought in $280.34 million 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 26.10%. Return on equity (ROE) for the past 12 months was 25.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ATEN’s revenue fell -3.27% to $57.69 million during the quarter, while net income inched up to $65.82 million. While analysts expected A10 Networks Inc. to report $0.17 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by 11.80%. During the quarter, the company generated $14.47 million in EBITDA. The liabilities of A10 Networks Inc. were 175.29 million at the end of its most recent quarter ended June 29, and its total debt was $19.16 million. The value of shareholders’ equity is $74.11 million.
Technical Picture
This quick technical analysis looks at A10 Networks Inc.’s (ATEN) price momentum. With a historical volatility rate of 14.62%, the RSI 9-day stood at 37.89% on 18 August.
With respect to its five-day moving average, the current A10 Networks Inc. price is down by -3.36% percent or -$0.51. At present, ATEN shares trade +3.60% above its 20-day simple moving average and -1.34% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.24% above its SMA50 and -12.56% below its SMA200.
Stochastic coefficient K was 8.20% and Stochastic coefficient D was 19.10%, while ATR was 0.39. Given the Stochastic reading of 23.07% for the 14-day period, the RSI (14) reading has been calculated as 43.87%. As of today, the MACD Oscillator reading stands at -0.37, while the 14-day reading stands at -0.59.
Analyst Ratings
BTIG Research launched its rating on A10 Networks Inc. (NYSE: ATEN) to a Neutral in a note to investors on April 04, 2023. A10 Networks Inc. (ATEN) has been rated Overweight by analysts. According to 0 brokerage firms, ATEN is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate A10 Networks Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $19.00 – $24.00. Based on these forecasts, analysts predict A10 Networks Inc. (ATEN) will achieve an average price target of $20.67.
