ADTRAN Holdings Inc (NASDAQ: ADTN) is -10.32% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ADTN stock was last observed hovering at around $7.18 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $7.47, the stock is -7.27% and -19.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.25 million and changing 4.04% at the moment leaves the stock -2.53% off its SMA200. ADTN registered 57.93% gain for a year compared to 6-month gain of 18.38%. The firm has a 50-day simple moving average (SMA 50) of $9.3118 and a 200-day simple moving average (SMA200) of $7.664.
The stock witnessed a -18.89% loss in the last 1 month and extending the period to 3 months gives it a -28.55%, and is -1.45% down 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 3.53% over the week and 6.05% over the month.
ADTRAN Holdings Inc (ADTN) has around 3234 employees, a market worth around $597.32M and $922.72M in sales. Fwd P/E is 16.11. Profit margin for the company is -48.62%. Distance from 52-week low is 72.12% and -39.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-128.20%).
with sales reaching $245.15M over the same period.The EPS is expected to grow by 155.51% this year, but quarterly earnings will post 12.18% year-over-year. Quarterly sales are estimated to grow 8.39% in year-over-year returns.
ADTRAN Holdings Inc (ADTN) Top Institutional Holders
225.0 institutions hold shares in ADTRAN Holdings Inc (ADTN), with institutional investors hold 87.46% of the company’s shares. The shares outstanding are 79.22M, and float is at 68.80M with Short Float at 2.95%. Institutions hold 86.21% 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 VANGUARD GROUP INC with 6.06 million shares valued at $31.89 million to account for 7.6887 of the shares outstanding. The other top investors are DIVISAR CAPITAL MANAGEMENT LLC which holds 5.74 million shares representing 7.28% and valued at over $30.19 million, while DNB ASSET MANAGEMENT AS holds 5.8741 of the shares totaling 4.63 million with a market value of $24.36 million.
ADTRAN Holdings Inc (ADTN) Insider Activity
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