On Monday, Ribbon Communications Inc (NASDAQ: RBBN) opened lower -9.35% from the last session, before settling in for the closing price of $4.17. Price fluctuations for RBBN have ranged from $2.46 to $5.38 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 9.74%. Company’s average yearly earnings per share was noted 4.00% at the time writing. With a float of $143.96 million, this company’s outstanding shares have now reached $175.60 million.
The extent of productivity of a business whose workforce counts for 3052 workers is very important to gauge. 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) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Ribbon Communications Inc is 18.08%, while institutional ownership is 72.14%. 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) Latest Financial update
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
Check out the current performance indicators for Ribbon Communications Inc (RBBN). 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 0.80. Likewise, its price to free cash flow for the trailing twelve months is 23.87.
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)
The latest stats from [Ribbon Communications Inc, RBBN] show that its last 5-days average volume of 0.62 million was superior to 0.62 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 7.91%. Additionally, its Average True Range was 0.27.
During the past 100 days, Ribbon Communications Inc’s (RBBN) raw stochastic average was set at 24.53%, which indicates a significant increase from 2.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 56.98% in the past 14 days, which was higher than the 51.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.28, while its 200-day Moving Average is $3.63. Now, the first resistance to watch is $3.99. This is followed by the second major resistance level at $4.20. The third major resistance level sits at $4.32. If the price goes on to break the first support level at $3.66, it is likely to go to the next support level at $3.54. The third support level lies at $3.33 if the price breaches the second support level.
Ribbon Communications Inc (NASDAQ: RBBN) Key Stats
There are currently 175,724K shares outstanding in the company with a market cap of 664.24 million. Presently, the company’s annual sales total 833,880 K according to its annual income of -54,240 K. Last quarter, the company’s sales amounted to 251,360 K and its income totaled 6,360 K.
