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After finishing at $2.57 in the prior trading day, Ribbon Communications Inc (NASDAQ: RBBN) closed at $2.58, up 0.39%. In other words, the price has increased by $0.39 from its previous closing price. On the day, 0.54 million shares were traded. RBBN stock price reached its highest trading level at $2.6475 during the session, while it also had its lowest trading level at $2.54.
Ratios:
Our goal is to gain a better understanding of RBBN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 73.91. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.64.
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, Craig Hallum on July 19, 2023, initiated with a Buy rating and assigned the stock a target price of $5.50.
On April 10, 2023, JMP Securities started tracking the stock assigning a Mkt Outperform rating and target price of $6.
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 Mar 15 ’24 when GRAYSON BRUNS H bought 100,000 shares for $2.89 per share. The transaction valued at 289,000 led to the insider holds 590,175 shares of the business.
LOPEZ MIGUEL A bought 2,000 shares of RBBN for $5,798 on Mar 15 ’24. The EVP, CFO now owns 280,875 shares after completing the transaction at $2.90 per share. On Mar 05 ’24, another insider, LOPEZ MIGUEL A, who serves as the EVP, CFO of the company, bought 1,000 shares for $2.98 each. As a result, the insider paid 2,979 and bolstered with 278,875 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 445602112 and an Enterprise Value of 758692224. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.54 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 0.918 whereas that against EBITDA is 11.257.
Stock Price History:
Over the past 52 weeks, RBBN has reached a high of $3.65, while it has fallen to a 52-week low of $1.78. The 50-Day Moving Average of the stock is -14.45%, while the 200-Day Moving Average is calculated to be -6.04%.
Shares Statistics:
The stock has traded on average 409.66K shares per day over the past 3-months and 326330 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 140.83M. Insiders hold about 18.34% of the company’s shares, while institutions hold 71.26% stake in the company. Shares short for RBBN as of 1711584000 were 3535628 with a Short Ratio of 8.63, compared to 1709164800 on 3707805. Therefore, it implies a Short% of Shares Outstanding of 3535628 and a Short% of Float of 3.9100002000000003.
Earnings Estimates
The company has Ribbon Communications Inc. analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $16.95, with high estimates of $15.58 and low estimates of $1.61.
Analysts are recommending an EPS of between $Financial Services and $Consumer Cyclical for the fiscal current year, implying an average EPS of $Financial Services.
