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The closing price of Ribbon Communications Inc (NASDAQ: RBBN) was $4.33 for the day, down -0.23% from the previous closing price of $4.34. In other words, the price has decreased by -$0.23 from its previous closing price. On the day, 1.15 million shares were traded. RBBN stock price reached its highest trading level at $4.34 during the session, while it also had its lowest trading level at $4.135.
Ratios:
Our analysis of RBBN’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.16 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 0.96 whereas as Long-Term Debt/Eq ratio is at 0.92.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RBBN now has a Market Capitalization of 759412736 and an Enterprise Value of 1103305344. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 1.91. Its current Enterprise Value per Revenue stands at 1.364 whereas that against EBITDA is 14.009.
Stock Price History:
The Beta on a monthly basis for RBBN is 1.25, which has changed by 0.26530612 over the last 52 weeks, in comparison to a change of 0.20652604 over the same period for the S&P500. Over the past 52 weeks, RBBN has reached a high of $4.39, while it has fallen to a 52-week low of $2.46. The 50-Day Moving Average of the stock is 6.75%, while the 200-Day Moving Average is calculated to be 23.66%.
Shares Statistics:
RBBN traded an average of 399.95K shares per day over the past three months and 508230 shares per day over the past ten days. A total of 174.74M shares are outstanding, with a floating share count of 143.68M. Insiders hold about 18.08% of the company’s shares, while institutions hold 72.34% stake in the company. Shares short for RBBN as of 1738281600 were 1668026 with a Short Ratio of 4.17, compared to 1735603200 on 1571503. Therefore, it implies a Short% of Shares Outstanding of 1668026 and a Short% of Float of 2.22.
