ADTRAN Holdings Inc (NASDAQ: ADTN) on Friday, remained unchanged from the previous trading day, before settling in for the closing price of $10.57. Within the past 52 weeks, ADTN’s price has moved between $4.34 and $12.44.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 16.24%. The company achieved an average annual earnings per share of 155.51%. With a float of $73.60 million, this company’s outstanding shares have now reached $79.31 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 37.32%, operating margin of -9.74%, and the pretax margin is -46.85%.
ADTRAN Holdings Inc (ADTN) Insider Activity
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of ADTRAN Holdings Inc is 7.19%, while institutional ownership is 83.22%.
ADTRAN Holdings Inc (ADTN) Earnings and Forecasts
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 155.51% per share during the next fiscal year.
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 1.16 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 0.91. Likewise, its price to free cash flow for the trailing twelve months is 11.87.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.69, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 0.46 in one year’s time.
Technical Analysis of ADTRAN Holdings Inc (ADTN)
Compared to the last year’s volume of 1.25 million, its volume of 2.01 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 18.33%. Additionally, its Average True Range was 0.65.
During the past 100 days, ADTRAN Holdings Inc’s (ADTN) raw stochastic average was set at 72.38%, which indicates a significant increase from 18.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.67% in the past 14 days, which was lower than the 52.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.02, while its 200-day Moving Average is $7.06. Nevertheless, the first resistance level for the watch stands at $10.72 in the near term. At $10.86, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.15. If the price goes on to break the first support level at $10.29, it is likely to go to the next support level at $10.00. Should the price break the second support level, the third support level stands at $9.86.
ADTRAN Holdings Inc (NASDAQ: ADTN) Key Stats
Market capitalization of the company is 838.26 million based on 79,306K outstanding shares. Right now, sales total 1,149 M and income totals -267,690 K. The company made 227,700 K in profit during its latest quarter, and -31,240 K in sales during its previous quarter.
