With 0.58 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.53 million shares. The 52-week range on RBBN shows that it touched its highest point at $5.38 and its lowest point at $2.46 during that stretch. It currently has a 1-year price target of $6.30. Beta for the stock currently stands at 1.24.
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 -9.73%, but this was up by 12.90% over a month. Three-month performance surged to 20.21% while six-month performance rose 43.65%. The stock gained 47.30% in the past year, while it has gained 11.54% so far this year. A look at the trailing 12-month EPS for RBBN yields -0.31 with Next year EPS estimates of 0.35. For the next quarter, that number is 0.00. This implies an EPS growth rate of 4.00% for this year and 33.65% for next year.
Float and Shares Shorts:
At present, 175.38 million RBBN shares are outstanding with a float of 143.68 million shares on hand for trading.
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.
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 $0.21292 being high and $0.20687 being low. For RBBN, this leads to a yearly average estimate of $0.21. Based on analyst estimates, the high estimate for the next quarter is $0.05 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.04.
