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After finishing at $4.74 in the prior trading day, ADTRAN Holdings Inc (NASDAQ: ADTN) closed at $4.78, up 0.84%. In other words, the price has increased by $0.84 from its previous closing price. On the day, 0.58 million shares were traded. ADTN stock price reached its highest trading level at $4.855 during the session, while it also had its lowest trading level at $4.671.
Ratios:
Our goal is to gain a better understanding of ADTN by taking a closer 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 378173536 and an Enterprise Value of 973737856. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 0.63. Its current Enterprise Value per Revenue stands at 0.847 whereas that against EBITDA is -22.471.
Stock Price History:
Over the past 52 weeks, ADTN has reached a high of $11.02, while it has fallen to a 52-week low of $4.59. The 50-Day Moving Average of the stock is -14.69%, while the 200-Day Moving Average is calculated to be -32.28%.
Shares Statistics:
The stock has traded on average 764.60K shares per day over the past 3-months and 699220 shares per day over the last 10 days, according to various share statistics. A total of 78.67M shares are outstanding, with a floating share count of 73.87M. Insiders hold about 6.63% of the company’s shares, while institutions hold 81.82% stake in the company. Shares short for ADTN as of 1711584000 were 2312527 with a Short Ratio of 3.02, compared to 1709164800 on 3098764. Therefore, it implies a Short% of Shares Outstanding of 2312527 and a Short% of Float of 4.0799997999999995.
Dividends & Splits
In the trailing 12 months, ADTN’s forward annual dividend rate was 0.18, compared to 0.18 this year. Against a Trailing Annual Dividend Yield of 0.037974685The stock’s 5-year Average Dividend Yield is 2.92.
