On Tuesday, ADTRAN Holdings Inc (NASDAQ: ADTN) opened higher 1.76% from the last session, before settling in for the closing price of $10.24. Price fluctuations for ADTN have ranged from $4.34 to $11.23 over the past 52 weeks.
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
Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 25.23%. Company’s average yearly earnings per share was noted 74.36% at the time writing. With a float of $73.24 million, this company’s outstanding shares have now reached $78.97 million.
Considering the fact that the conglomerate employs 3227 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 36.77%, operating margin of -10.72%, and the pretax margin is -50.4%.
ADTRAN Holdings Inc (ADTN) Insider Activity
A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. The insider ownership of ADTRAN Holdings Inc is 7.65%, while institutional ownership is 80.71%.
ADTRAN Holdings Inc (ADTN) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 74.36% per share during the next fiscal year.
ADTRAN Holdings Inc (NASDAQ: ADTN) Trading Performance Indicators
Check out the current performance indicators for ADTRAN Holdings Inc (ADTN). In the past quarter, the stock posted a quick ratio of 1.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.91. Likewise, its price to free cash flow for the trailing twelve months is 36.55.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.51, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.19 in one year’s time.
Technical Analysis of ADTRAN Holdings Inc (ADTN)
Compared to the last year’s volume of 1.13 million, its volume of 1.17 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 54.45%. Additionally, its Average True Range was 0.56.
During the past 100 days, ADTRAN Holdings Inc’s (ADTN) raw stochastic average was set at 87.05%, which indicates a significant increase from 58.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.14% in the past 14 days, which was higher than the 51.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.14, while its 200-day Moving Average is $6.53. Nevertheless, the first resistance level for the watch stands at $10.62 in the near term. At $10.81, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.13. If the price goes on to break the first support level at $10.11, it is likely to go to the next support level at $9.79. Should the price break the second support level, the third support level stands at $9.60.
ADTRAN Holdings Inc (NASDAQ: ADTN) Key Stats
There are currently 79,306K shares outstanding in the company with a market cap of 826.37 million. Presently, the company’s annual sales total 1,149 M according to its annual income of -267,690 K. Last quarter, the company’s sales amounted to 227,700 K and its income totaled -31,240 K.
