A new trading day began on Friday, with Ribbon Communications Inc (NASDAQ: RBBN) stock price down -4.44% from the previous day of trading, before settling in for the closing price of $4.95. RBBN’s price has ranged from $2.46 to $5.38 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 9.74%. Meanwhile, its annual earnings per share averaged 4.00%. With a float of $143.66 million, this company’s outstanding shares have now reached $175.38 million.
Let’s determine the extent of company efficiency that accounts for 3107 employees. In terms of profitability, gross margin is 51.12%, operating margin of 2.62%, and the pretax margin is -5.52%.
Ribbon Communications Inc (RBBN) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Telecom Services Industry. The insider ownership of Ribbon Communications Inc is 18.09%, while institutional ownership is 72.28%. 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 0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 4.00% per share during the next fiscal year.
Ribbon Communications Inc (NASDAQ: RBBN) Trading Performance Indicators
Here are Ribbon Communications Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.17. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.99. Likewise, its price to free cash flow for the trailing twelve months is 29.81.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.31, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.35 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 0.92 million, which is a jump from its year-to-date volume of 0.61 million. As of the previous 9 days, the stock’s Stochastic %D was 63.72%. Additionally, its Average True Range was 0.26.
During the past 100 days, Ribbon Communications Inc’s (RBBN) raw stochastic average was set at 72.34%, which indicates a significant increase from 57.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.58% in the past 14 days, which was higher than the 47.96% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.19, while its 200-day Moving Average is $3.56. However, in the short run, Ribbon Communications Inc’s stock first resistance to watch stands at $4.94. Second resistance stands at $5.14. The third major resistance level sits at $5.25. If the price goes on to break the first support level at $4.63, it is likely to go to the next support level at $4.52. Now, if the price goes above the second support level, the third support stands at $4.32.
Ribbon Communications Inc (NASDAQ: RBBN) Key Stats
With a market capitalization of 829.56 million, the company has a total of 175,384K Shares Outstanding. Currently, annual sales are 833,880 K while annual income is -54,240 K. The company’s previous quarter sales were 251,360 K while its latest quarter income was 6,360 K.
