With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.52 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $7.9099 whereas the lowest price it dropped to was $7.63. The 52-week range on ADTN shows that it touched its highest point at $8.29 and its lowest point at $4.34 during that stretch. It currently has a 1-year price target of $9.81. ADTN paid its most recent dividend on 1692316800, while the ex-dividend date for that was 1692316800. Beta for the stock currently stands at 1.22.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ADTN was down-trending over the past week, with a drop of -5.39%, but this was up by 22.31% over a month. Three-month performance surged to 42.62% while six-month performance rose 46.68%. The stock gained 43.95% in the past year, while it has gained 5.31% so far this year. A look at the trailing 12-month EPS for ADTN yields -6.55 with Next year EPS estimates of 0.21. For the next quarter, that number is -0.03. This implies an EPS growth rate of 77.15% for this year and 162.32% for next year. EPS is expected to grow by 2.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -53.24%.
Float and Shares Shorts:
At present, 78.67 million ADTN shares are outstanding with a float of 73.62 million shares on hand for trading. On 2024-10-31, short shares totaled 2.1 million, which was 265.00002 higher than short shares on 1727654400. In addition to Mr. Thomas R. Stanton as the firm’s President, CEO & Chairman, Mr. Ulrich Dopfer serves as its Senior VP, CFO, Corporate Secretary & Treasurer.
Institutional Ownership:
Through their ownership of 0.86219 of ADTN’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ADTN reported revenue of $227704000.0 and operating income of -$23984000.0. The EBITDA in the recently reported quarter was -$905000.0 and diluted EPS was -$0.36.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ADTN since 12 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ADTN analysts setting a high price target of 11.0 and a low target of 9.0, the average target price over the next 12 months is 9.7952. Based on these targets, ADTN could surge 42.3% to reach the target high and rise by 16.43% to reach the target low. Reaching the average price target will result in a growth of 26.72% from current levels.
Analysts have provided yearly estimates in a range of -$0.30187 being high and -$0.38812 being low. For ADTN, this leads to a yearly average estimate of -$0.345. The surprise factor in the prior quarter was -$0.09. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.03.
