As of Wednesday close, AudioCodes Ltd.’s (NASDAQ:AUDC) stock was up $0.15, moving up 1.45 percent to $10.52. The average number of shares traded per day over the past five days has been 418,520 shares. 4 times new highs have been achieved over the past 5 days, with a $0.01 gain in that time frame. In the last twenty days, the average volume was 205,480, while in the previous 50 days, it was 183,110.
Since last month, AUDC stock retreated -9.47%. Shares of the company fell to $9.95 on 07/31/23, the lowest level in the past month. A 52-week high of $23.91 was reached on 02/02/23 after having rallying from a 52-week low of $8.05. Since the beginning of this year, AUDC’s stock price has dropped by -41.20% or -$7.37, and marked a new high 8 times. However, the stock has declined by -56.00% since its 52-week high.
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Valuation Metrics
Right now, AudioCodes Ltd. (AUDC) has a P/E ratio of about 24.58. The stock’s beta is 0.56. Besides these, the trailing price-to-sales (P/S) ratio of 1.26, the price-to-book (PB) ratio of 1.79, and the price-to-cash flow ratio of 86.21 may also be considered.
The latest dividend of $0.18 per share was paid out, remained unchanged from last year’s $0.18. On Tuesday February 1 2022, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, AudioCodes Ltd.’s quick ratio stood at 1.10, while its current ratio was 1.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 63.50% percent. In the year ended June 29, EBITDA margin amounted to 12.47%, whereas operating margins totaled 6.50%. Based on annual data, AUDC earned $178.78 million in gross profit and brought in $275.09 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 13.50%. Return on equity (ROE) for the past 12 months was 7.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AUDC’s revenue rose 9.51% during the quarter, while net income inched up to $275.09 million. While analysts expected AudioCodes Ltd. to report $0.1 quarterly earnings, the actual figure was $0.16 per share. During the quarter, the company generated $3.26 million in EBITDA. The liabilities of AudioCodes Ltd. were 130.53 million at the end of its most recent quarter ended June 29, and its total debt was $11.57 million.
Technical Picture
This quick technical analysis looks at AudioCodes Ltd.’s (AUDC) price momentum. With a historical volatility rate of 23.54%, the RSI 9-day stood at 46.89% on 30 August.
With respect to its five-day moving average, the current AudioCodes Ltd. price is up by +0.10% percent or $0.01. At present, AUDC shares trade -5.65% below its 20-day simple moving average and -26.79% percent below its 100-day simple moving average. However, the stock is currently trading approximately +11.80% above its SMA50 and -47.40% below its SMA200.
Stochastic coefficient K was 20.98% and Stochastic coefficient D was 17.53%, while ATR was 0.37. Given the Stochastic reading of 34.29% for the 14-day period, the RSI (14) reading has been calculated as 49.66%. As of today, the MACD Oscillator reading stands at -0.07, while the 14-day reading stands at -0.19.
Analyst Ratings
AudioCodes Ltd. downgraded its rating on AudioCodes Ltd. (NASDAQ: AUDC) to an Underperform in a note to investors on April 12, 2023. The analysts firm previously had a Neutral rating on the stock.AudioCodes Ltd. (AUDC) has been rated Hold by analysts. According to 1 brokerage firm, AUDC is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate AudioCodes Ltd. stock as buy, with 2 recommending it as overweight.
With a median target price of $13.50, the current consensus forecast for the stock is $9.00 – $19.00. Based on these forecasts, analysts predict AudioCodes Ltd. (AUDC) will achieve an average price target of $13.75.
