In the latest session, ADTRAN Holdings Inc (NASDAQ: ADTN) closed at $5.55 down -5.77% from its previous closing price of $5.89. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 962937 shares were traded. ADTN stock price reached its highest trading level at $5.85 during the session, while it also had its lowest trading level at $5.54.
Ratios:
For a deeper understanding of ADTRAN Holdings Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.34 and its Current Ratio is at 2.65. In the meantime, Its Debt-to-Equity ratio is 0.38 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 437.57M and an Enterprise Value of 576.82M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 0.50 whereas that against EBITDA is -5.66.
Stock Price History:
Over the past 52 weeks, ADTN has reached a high of $16.09, while it has fallen to a 52-week low of $4.91. The 50-Day Moving Average of the stock is 6.59, while the 200-Day Moving Average is calculated to be 7.70.
Shares Statistics:
For the past three months, ADTN has traded an average of 819.14K shares per day and 892.21k over the past ten days. A total of 77.89M shares are outstanding, with a floating share count of 72.83M. Insiders hold about 7.46% of the company’s shares, while institutions hold 82.05% stake in the company. Shares short for ADTN as of Feb 29, 2024 were 3.1M with a Short Ratio of 3.78, compared to 2.19M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.94% and a Short% of Float of 5.56%.
Dividends & Splits
According to the company, the forward annual dividend rate for ADTN is 0.18, from 0.18 in the trailing year. Against a Trailing Annual Dividend Yield of 3.06%, it implies a Forward Annual Dividend Yield of 6.47%. The stock’s 5-year Average Dividend Yield is 2.88.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.16, while EPS last year was -$0.06. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.03 and low estimates of -$0.09.
Analysts are recommending an EPS of between $0.16 and -$0.2 for the fiscal current year, implying an average EPS of $0.02. EPS for the following year is $0.38, with 4 analysts recommending between $0.52 and $0.25.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $224.02M this quarter.It ranges from a high estimate of $226M to a low estimate of $220M. As of the current estimate, ADTRAN Holdings Inc’s year-ago sales were $323.91M, an estimated decrease of -30.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $240M, a decrease of -26.70% over than the figure of -$30.80% in the same quarter last year. There is a high estimate of $252.4M for the next quarter, whereas the lowest estimate is $230M.
A total of 4 analysts have provided revenue estimates for ADTN’s current fiscal year. The highest revenue estimate was $1.04B, while the lowest revenue estimate was $982M, resulting in an average revenue estimate of $998.32M. In the same quarter a year ago, actual revenue was $1.15B, down -13.10% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $1.12B in the next fiscal year. The high estimate is $1.17B and the low estimate is $1.08B. The average revenue growth estimate for next year is up 12.50% from the average revenue estimate for this year.
