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After finishing at $3.86 in the prior trading day, Ribbon Communications Inc (NASDAQ: RBBN) closed at $3.90, up 1.04%. In other words, the price has increased by $1.04 from its previous closing price. On the day, 0.54 million shares were traded. RBBN stock price reached its highest trading level at $3.93 during the session, while it also had its lowest trading level at $3.87.
Ratios:
Our goal is to gain a better understanding of RBBN by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 683997632 and an Enterprise Value of 1027890368. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 1.271 whereas that against EBITDA is 13.052.
Stock Price History:
Over the past 52 weeks, RBBN has reached a high of $4.31, while it has fallen to a 52-week low of $2.03. The 50-Day Moving Average of the stock is 11.74%, while the 200-Day Moving Average is calculated to be 21.23%.
Shares Statistics:
The stock has traded on average 275.76K shares per day over the past 3-months and 314240 shares per day over the last 10 days, according to various share statistics. A total of 172.08M shares are outstanding, with a floating share count of 143.65M. Insiders hold about 18.10% of the company’s shares, while institutions hold 71.75% stake in the company. Shares short for RBBN as of 1730332800 were 1284702 with a Short Ratio of 4.66, compared to 1727654400 on 1309837. Therefore, it implies a Short% of Shares Outstanding of 1284702 and a Short% of Float of 1.71.
