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As of close of business last night, ADTRAN Holdings Inc’s stock clocked out at $6.77, up 0.59% from its previous closing price of $6.73. In other words, the price has increased by $0.59 from its previous closing price. On the day, 0.93 million shares were traded. ADTN stock price reached its highest trading level at $6.9197 during the session, while it also had its lowest trading level at $6.585.
Ratios:
To gain a deeper understanding of ADTN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 2.46. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.84.
Rosenblatt Downgraded its Buy to Neutral on November 07, 2023, whereas the target price for the stock was revised from $11 to $7.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ADTN now has a Market Capitalization of 535618688 and an Enterprise Value of 1088216832. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.51 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 1.035 whereas that against EBITDA is -23.721.
Stock Price History:
Over the past 52 weeks, ADTN has reached a high of $9.94, while it has fallen to a 52-week low of $4.34. The 50-Day Moving Average of the stock is 23.26%, while the 200-Day Moving Average is calculated to be 14.36%.
Shares Statistics:
It appears that ADTN traded 1.25M shares on average per day over the past three months and 712320 shares per day over the past ten days. A total of 78.67M shares are outstanding, with a floating share count of 73.48M. Insiders hold about 7.12% of the company’s shares, while institutions hold 77.90% stake in the company. Shares short for ADTN as of 1721001600 were 2591736 with a Short Ratio of 2.07, compared to 1718323200 on 3361823. Therefore, it implies a Short% of Shares Outstanding of 2591736 and a Short% of Float of 4.58.
Dividends & Splits
With its trailing 12-month dividend rate of 0.09, ADTN has a forward annual dividend rate of 0.09. Against a Trailing Annual Dividend Yield of 0.013372958The stock’s 5-year Average Dividend Yield is 2.99.
