ADTRAN Holdings Inc (NASDAQ: ADTN) is 11.17% higher on its value in year-to-date trading and has touched a low of $4.34 and a high of $8.29 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ADTN stock was last observed hovering at around $7.73 in the last trading session, with the day’s gains setting it 0.43%.
Currently trading at $8.16, the stock is 13.67% and 27.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.79 million and changing 5.56% at the moment leaves the stock 43.59% off its SMA200. ADTN registered 52.24% gain for a year compared to 6-month gain of 56.32%. The firm has a 50-day simple moving average (SMA 50) of $6.3546 and a 200-day simple moving average (SMA200) of $5.67405.
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The stock witnessed a 33.55% loss in the last 1 month and extending the period to 3 months gives it a 45.97%, and is 2.38% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.66% over the week and 4.88% over the month.
ADTRAN Holdings Inc (ADTN) has around 3227 employees, a market worth around $647.13M and $905.35M in sales. Fwd P/E is 39.61. Profit margin for the company is -56.95%. Distance from 52-week low is 88.02% and -1.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-120.05%).
The EPS is expected to grow by 77.22% this year
216.0 institutions hold shares in ADTRAN Holdings Inc (ADTN), with institutional investors hold 87.50% of the company’s shares. The shares outstanding are 78.67M, and float is at 73.62M with Short Float at 2.85%. Institutions hold 86.20% of the Float.
