With 2.03 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.5 million shares. The 52-week range on RBBN shows that it touched its highest point at $5.38 and its lowest point at $2.75 during that stretch. It currently has a 1-year price target of $5.90. Beta for the stock currently stands at 1.32.
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 up-trending over the past week, with a rise of 7.00%, but this was up by 17.90% over a month. Three-month performance dropped to -11.57% while six-month performance rose 1.60%. The stock gained 20.89% in the past year, while it has lost -8.17% so far this year. A look at the trailing 12-month EPS for RBBN yields -0.29 with Next year EPS estimates of 0.34. For the next quarter, that number is 0.05. This implies an EPS growth rate of 2.40% for this year and 34.77% for next year.
Float and Shares Shorts:
At present, 175.97 million RBBN shares are outstanding with a float of 144.18 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 $0.21382 being high and $0.20521 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 $0.09 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.08.
