ADTRAN Holdings Inc (NASDAQ: ADTN) on Tuesday, soared 1.42% from the previous trading day, before settling in for the closing price of $6.36. Within the past 52 weeks, ADTN’s price has moved between $4.34 and $7.66.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 20.21%. The company achieved an average annual earnings per share of 81.03%. With a float of $73.60 million, this company’s outstanding shares have now reached $78.67 million.
The extent of productivity of a business whose workforce counts for 3227 workers is very important to gauge. In terms of profitability, gross margin is 33.88%, operating margin of -17.1%, and the pretax margin is -54.74%.
ADTRAN Holdings Inc (ADTN) Insider Updates
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of ADTRAN Holdings Inc is 7.10%, while institutional ownership is 78.60%.
ADTRAN Holdings Inc (ADTN) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.14 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.09) by -0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 81.03% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.30% during the next five years compared to -53.24% drop over the previous five years of trading.
ADTRAN Holdings Inc (NASDAQ: ADTN) Trading Performance Indicators
ADTRAN Holdings Inc (ADTN) is currently performing well based on its current performance indicators. A quick ratio of 1.31 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.08, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 0.20 in one year’s time.
Technical Analysis of ADTRAN Holdings Inc (ADTN)
The latest stats from [ADTRAN Holdings Inc, ADTN] show that its last 5-days average volume of 0.36 million was inferior to 0.82 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 75.57%. Additionally, its Average True Range was 0.21.
During the past 100 days, ADTRAN Holdings Inc’s (ADTN) raw stochastic average was set at 79.58%, which indicates a significant decrease from 95.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.58% in the past 14 days, which was lower than the 56.62% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.74, while its 200-day Moving Average is $5.64. Now, the first resistance to watch is $6.49. This is followed by the second major resistance level at $6.54. The third major resistance level sits at $6.62. If the price goes on to break the first support level at $6.37, it is likely to go to the next support level at $6.29. Assuming the price breaks the second support level, the third support level stands at $6.24.
ADTRAN Holdings Inc (NASDAQ: ADTN) Key Stats
Market capitalization of the company is 511.03 million based on 79,232K outstanding shares. Right now, sales total 1,149 M and income totals -267,690 K. The company made 225,990 K in profit during its latest quarter, and -49,870 K in sales during its previous quarter.
