ADTRAN Holdings Inc (NASDAQ: ADTN) is 25.93% higher on its value in year-to-date trading and has touched a low of $4.34 and a high of $9.88 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 $9.64 in the last trading session, with the day’s gains setting it 0.85%.
Currently trading at $10.49, the stock is 20.65% and 29.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.89 million and changing 8.82% at the moment leaves the stock 72.17% off its SMA200. ADTN registered 41.95% gain for a year compared to 6-month gain of 100.19%. The firm has a 50-day simple moving average (SMA 50) of $8.108 and a 200-day simple moving average (SMA200) of $6.09275.
The stock witnessed a 24.44% loss in the last 1 month and extending the period to 3 months gives it a 80.86%, and is 25.93% 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 6.23% over the week and 4.82% over the month.
ADTRAN Holdings Inc (ADTN) has around 3227 employees, a market worth around $831.92M and $905.35M in sales. Fwd P/E is 55.63. Profit margin for the company is -56.62%. Distance from 52-week low is 141.71% and 6.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-119.36%).
with sales reaching $237.14M over the same period.The EPS is expected to grow by 74.36% this year, but quarterly earnings will post -20.11% year-over-year. Quarterly sales are estimated to grow 5.17% in year-over-year returns.
213.0 institutions hold shares in ADTRAN Holdings Inc (ADTN), with institutional investors hold 87.54% of the company’s shares. The shares outstanding are 78.97M, and float is at 73.49M with Short Float at 1.58%. Institutions hold 86.23% of the Float.
