With 0.26 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.36 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $4.01 whereas the lowest price it dropped to was $3.895. The 52-week range on RBBN shows that it touched its highest point at $4.39 and its lowest point at $2.46 during that stretch. It currently has a 1-year price target of $5.80. Beta for the stock currently stands at 1.12.
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 RBBN was down-trending over the past week, with a drop of -3.61%, but this was up by 2.82% over a month. Three-month performance surged to 25.31% while six-month performance rose 23.38%. The stock gained 30.62% in the past year, while it has lost -3.61% so far this year. A look at the trailing 12-month EPS for RBBN yields -0.31 with Next year EPS estimates of 0.28. For the next quarter, that number is 0.12. This implies an EPS growth rate of 0.00% for this year and 33.33% for next year. EPS is expected to grow by 20.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 12.07%.
Float and Shares Shorts:
At present, 174.74 million RBBN shares are outstanding with a float of 143.63 million shares on hand for trading. On 2024-12-13, short shares totaled 1.5 million, which was 85.00000000000001 higher than short shares on 1731628800. In addition to Mr. Bruce W. McClelland as the firm’s President, CEO & Director, Mr. Salvatore Bucci serves as its Executive VP & COO.
Institutional Ownership:
Through their ownership of 0.73203003 of RBBN’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, RBBN reported revenue of $210238000.0 and operating income of $2867000.0. The EBITDA in the recently reported quarter was $20131000.0 and diluted EPS was -$0.08.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RBBN since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 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 RBBN analysts setting a high price target of 6.0 and a low target of 5.5, the average target price over the next 12 months is 5.9. Based on these targets, RBBN could surge 49.63% to reach the target high and rise by 37.16% to reach the target low. Reaching the average price target will result in a growth of 47.13% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.21394 being high and $0.20625 being low. For RBBN, this leads to a yearly average estimate of $0.21.
