Ribbon Communications Inc (NASDAQ: RBBN) on Tuesday, soared 3.12% from the previous trading day, before settling in for the closing price of $4.17. Within the past 52 weeks, RBBN’s price has moved between $2.46 and $4.39.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Communication Services Sector giant was 9.05%. The company achieved an average annual earnings per share of 3.81%. With a float of $143.63 million, this company’s outstanding shares have now reached $174.74 million.
Let’s determine the extent of company efficiency that accounts for 3107 employees. In terms of profitability, gross margin is 49.58%, operating margin of 1.12%, and the pretax margin is -5.89%.
Ribbon Communications Inc (RBBN) Breakdown of a Key Holders of the stock
Observing investor behavior towards Telecom Services industry stocks is more important than anything else. The insider ownership of Ribbon Communications Inc is 18.10%, while institutional ownership is 71.75%. The most recent insider transaction that took place on Sep 13 ’24, was worth 17,602. In this transaction Director of this company sold 5,790 shares at a rate of $3.04, taking the stock ownership to the 303,549 shares. Before that another transaction happened on Sep 13 ’24, when Company’s Director proposed sale 5,790 for $3.04, making the entire transaction worth $17,602.
Ribbon Communications Inc (RBBN) Recent Fiscal highlights
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 3.81% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.00% during the next five years compared to 12.07% growth over the previous five years of trading.
Ribbon Communications Inc (NASDAQ: RBBN) Trading Performance Indicators
Ribbon Communications Inc (RBBN) is currently performing well based on its current performance indicators. A quick ratio of 1.16 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 0.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.31, a number that is poised to hit 0.13 in the next quarter and is forecasted to reach 0.29 in one year’s time.
Technical Analysis of Ribbon Communications Inc (RBBN)
Looking closely at Ribbon Communications Inc (NASDAQ: RBBN), its last 5-days average volume was 0.54 million, which is a jump from its year-to-date volume of 0.37 million. As of the previous 9 days, the stock’s Stochastic %D was 73.41%. Additionally, its Average True Range was 0.18.
During the past 100 days, Ribbon Communications Inc’s (RBBN) raw stochastic average was set at 94.80%, which indicates a significant increase from 85.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.30% in the past 14 days, which was lower than the 44.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.85, while its 200-day Moving Average is $3.32. However, in the short run, Ribbon Communications Inc’s stock first resistance to watch stands at $4.36. Second resistance stands at $4.41. The third major resistance level sits at $4.53. If the price goes on to break the first support level at $4.19, it is likely to go to the next support level at $4.07. Now, if the price goes above the second support level, the third support stands at $4.02.
Ribbon Communications Inc (NASDAQ: RBBN) Key Stats
Market capitalization of the company is 754.15 million based on 175,384K outstanding shares. Right now, sales total 826,340 K and income totals -66,210 K. The company made 210,240 K in profit during its latest quarter, and -13,420 K in sales during its previous quarter.
