ADTRAN Holdings Inc (NASDAQ: ADTN) closed the day trading at $5.05 up 0.40% from the previous closing price of $5.03. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 652749 shares were traded.
Ratios:
For a better understanding of ADTN, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.33 and its Current Ratio is at 2.63. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.38.
On November 07, 2023, Rosenblatt Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $11 to $7.
Northland Capital Downgraded its Outperform to Market Perform on April 12, 2023, while the target price for the stock was maintained at $13.
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 399.14M and an Enterprise Value of 538.39M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.35 while its Price-to-Book (P/B) ratio in mrq is 0.67. Its current Enterprise Value per Revenue stands at 0.47 whereas that against EBITDA is -5.28.
Stock Price History:
Over the past 52 weeks, ADTN has reached a high of $15.22, while it has fallen to a 52-week low of $4.91. The 50-Day Moving Average of the stock is 5.97, while the 200-Day Moving Average is calculated to be 7.34.
Shares Statistics:
Over the past 3-months, ADTN traded about 753.84K shares per day on average, while over the past 10 days, ADTN traded about 618.66k shares per day. A total of 78.67M shares are outstanding, with a floating share count of 73.48M. Insiders hold about 6.63% of the company’s shares, while institutions hold 83.24% stake in the company. Shares short for ADTN as of Mar 15, 2024 were 2.93M with a Short Ratio of 3.89, compared to 2.67M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.70% and a Short% of Float of 5.22%.
Dividends & Splits
ADTN’s forward annual dividend rate is 0.18, up from 0.18 a year ago. Against a Trailing Annual Dividend Yield of 3.58%, it implies a Forward Annual Dividend Yield of 6.77%. The stock’s 5-year Average Dividend Yield is 2.88.
Earnings Estimates
Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.16, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.03 and low estimates of -$0.09.
Analysts are recommending an EPS of between $0.16 and -$0.2 for the fiscal current year, implying an average EPS of $0.02. EPS for the following year is $0.38, with 4 analysts recommending between $0.52 and $0.25.
Revenue Estimates
4 analysts predict $224.02M in revenue for the current quarter. It ranges from a high estimate of $226M to a low estimate of $220M. As of the current estimate, ADTRAN Holdings Inc’s year-ago sales were $323.91M, an estimated decrease of -30.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $240M, a decrease of -26.70% over than the figure of -$30.80% in the same quarter last year. There is a high estimate of $252.4M for the next quarter, whereas the lowest estimate is $230M.
A total of 4 analysts have provided revenue estimates for ADTN’s current fiscal year. The highest revenue estimate was $1.04B, while the lowest revenue estimate was $982M, resulting in an average revenue estimate of $998.32M. In the same quarter a year ago, actual revenue was $1.15B, down -13.10% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $1.12B in the next fiscal year. The high estimate is $1.17B and the low estimate is $1.08B. The average revenue growth estimate for next year is up 12.50% from the average revenue estimate for this year.
