Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Ribbon Communications Inc (NASDAQ: RBBN) closed at $4.95 in the last session, down -2.17% from day before closing price of $5.06. In other words, the price has decreased by -$2.17 from its previous closing price. On the day, 0.76 million shares were traded.
Ratios:
We take a closer look at RBBN’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 31.19. For the most recent quarter (mrq), Quick Ratio is recorded 1.17 and its Current Ratio is at 1.41. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.91.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Rosenblatt on July 11, 2024, initiated with a Buy rating and assigned the stock a target price of $5.
On July 19, 2023, Craig Hallum started tracking the stock assigning a Buy rating and target price of $5.50.Craig Hallum initiated its Buy rating on July 19, 2023, with a $5.50 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 13 ’24 when INFANTE BEATRIZ V sold 5,790 shares for $3.04 per share. The transaction valued at 17,602 led to the insider holds 303,549 shares of the business.
INFANTE BEATRIZ V bought 5,790 shares of RBBN for $17,602 on Sep 13 ’24. On Mar 15 ’24, another insider, LOPEZ MIGUEL A, who serves as the EVP, CFO of the company, bought 2,000 shares for $2.90 each. As a result, the insider paid 5,798 and bolstered with 280,875 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 2.19.
Stock Price History:
Over the past 52 weeks, RBBN has reached a high of $5.38, while it has fallen to a 52-week low of $2.46. The 50-Day Moving Average of the stock is 18.67%, while the 200-Day Moving Average is calculated to be 39.49%.
Shares Statistics:
A total of 175.38M shares are outstanding, with a floating share count of 143.66M. Insiders hold about 18.09% of the company’s shares, while institutions hold 72.28% stake in the company.
