With 1.48 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.11 million shares. The 52-week range on ADTN shows that it touched its highest point at $12.44 and its lowest point at $4.34 during that stretch. It currently has a 1-year price target of $13.08. Beta for the stock currently stands at 1.43.
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 -13.34%, but this was down by -16.73% over a month. Three-month performance surged to 6.14% while six-month performance rose 75.82%. The stock gained 52.41% in the past year, while it has gained 9.96% so far this year. A look at the trailing 12-month EPS for ADTN yields -5.69 with Next year EPS estimates of 0.46. For the next quarter, that number is -0.03. This implies an EPS growth rate of 155.56% for this year and 132.00% for next year.
Float and Shares Shorts:
At present, 79.22 million ADTN shares are outstanding with a float of 68.72 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 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.
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 -$0.37224 being high and -$0.42498 being low. For ADTN, this leads to a yearly average estimate of -$0.39667. 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.
