ADTRAN Holdings Inc (NASDAQ: ADTN) on Monday, plunged -7.31% from the previous trading day, before settling in for the closing price of $9.16. Within the past 52 weeks, ADTN’s price has moved between $4.34 and $12.44.
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Annual sales at Technology sector company grew by 16.24% over the past five years. The company achieved an average annual earnings per share of 155.56%. With a float of $68.72 million, this company’s outstanding shares have now reached $79.22 million.
Let’s look at the performance matrix of the company that is accounted for 3234 employees. 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 Updates
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of ADTRAN Holdings Inc is 13.95%, while institutional ownership is 82.19%.
ADTRAN Holdings Inc (ADTN) Performance Highlights and Predictions
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 155.56% 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 1.15 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 0.73. Likewise, its price to free cash flow for the trailing twelve months is 9.60.
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)
ADTRAN Holdings Inc (NASDAQ: ADTN) saw its 5-day average volume 1.61 million, a positive change from its year-to-date volume of 1.3 million. As of the previous 9 days, the stock’s Stochastic %D was 6.37%. Additionally, its Average True Range was 0.71.
During the past 100 days, ADTRAN Holdings Inc’s (ADTN) raw stochastic average was set at 40.29%, which indicates a significant increase from 4.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.31% in the past 14 days, which was lower than the 56.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.20, while its 200-day Moving Average is $7.19. Nevertheless, the first resistance level for the watch stands at $8.91 in the near term. At $9.32, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.63. If the price goes on to break the first support level at $8.19, it is likely to go to the next support level at $7.88. Assuming the price breaks the second support level, the third support level stands at $7.47.
ADTRAN Holdings Inc (NASDAQ: ADTN) Key Stats
Market capitalization of the company is 678.01 million based on 79,860K outstanding shares. Right now, sales total 922,720 K and income totals -450,870 K. The company made 242,850 K in profit during its latest quarter, and -45,920 K in sales during its previous quarter.
