ADTRAN Holdings Inc (NASDAQ: ADTN) is 10.68% higher on its value in year-to-date trading and has touched a low of $4.34 and a high of $12.44 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 $9.24 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $9.22, the stock is -1.69% and -9.36% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing -0.22% at the moment leaves the stock 24.10% off its SMA200. ADTN registered 73.63% gain for a year compared to 6-month gain of 53.16%. The firm has a 50-day simple moving average (SMA 50) of $10.172 and a 200-day simple moving average (SMA200) of $7.4298.
The stock witnessed a -13.10% loss in the last 1 month and extending the period to 3 months gives it a 11.35%, and is 1.99% 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 4.04% over the week and 5.85% over the month.
ADTRAN Holdings Inc (ADTN) has around 3234 employees, a market worth around $736.31M and $922.72M in sales. Fwd P/E is 19.87. Profit margin for the company is -48.62%. Distance from 52-week low is 112.44% and -25.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-128.20%).
The EPS is expected to grow by 155.56% this year
223.0 institutions hold shares in ADTRAN Holdings Inc (ADTN), with institutional investors hold 89.19% of the company’s shares. The shares outstanding are 79.22M, and float is at 68.70M with Short Float at 2.12%. Institutions hold 87.74% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.6 million shares valued at $34.73 million. The investor’s holdings represent 8.374 of the ADTN Shares outstanding. As of 2024-06-30, the second largest holder is DIVISAR CAPITAL MANAGEMENT LLC with 5.74 million shares valued at $30.19 million to account for 7.28 of the shares outstanding. The other top investors are DNB ASSET MANAGEMENT AS which holds 4.63 million shares representing 5.8741 and valued at over $24.36 million, while WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC holds 5.6272 of the shares totaling 4.44 million with a market value of $23.34 million.
