Ribbon Communications Inc (NASDAQ: RBBN) is 0.26% higher on its value in year-to-date trading and has touched a low of $2.75 and a high of $5.38 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 RBBN stock was last observed hovering at around $4.25 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $3.89, the stock is -3.86% and 1.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -8.47% at the moment leaves the stock 0.07% off its SMA200. RBBN registered -6.49% loss for a year compared to 6-month loss of -6.04%. The firm has a 50-day simple moving average (SMA 50) of $3.8516 and a 200-day simple moving average (SMA200) of $3.8874.
The stock witnessed a -3.71% gain in the last 1 month and extending the period to 3 months gives it a 10.51%, and is -2.51% 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 6.19% over the week and 3.85% over the month.
Ribbon Communications Inc (RBBN) has around 3052 employees, a market worth around $686.75M and $863.46M in sales. Fwd P/E is 11.55. Profit margin for the company is -5.14%. Distance from 52-week low is 41.45% and -27.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.84%).
The EPS is expected to shrink by 0.00% this year
207.0 institutions hold shares in Ribbon Communications Inc (RBBN), with institutional investors hold 89.87% of the company’s shares. The shares outstanding are 176.54M, and float is at 143.87M with Short Float at 1.54%. Institutions hold 73.72% of the Float.
The top institutional shareholder in the company is JPMORGAN CHASE & CO with over 52.04 million shares valued at $171.2 million. The investor’s holdings represent 29.9424 of the RBBN Shares outstanding. As of 2024-06-30, the second largest holder is NEUBERGER BERMAN GROUP LLC with 17.78 million shares valued at $76.49 million to account for 10.2305 of the shares outstanding. The other top investors are PARADIGM CAPITAL MANAGEMENT INC/NY which holds 10.55 million shares representing 6.0684 and valued at over $34.7 million, while BLACKROCK INC. holds 4.2487 of the shares totaling 7.38 million with a market value of $24.29 million.
Ribbon Communications Inc (RBBN) Insider Activity
The most recent transaction is an insider purchase by JPMORGAN CHASE & CO, the company’s 10% Owner. SEC filings show that JPMORGAN CHASE & CO bought 14 shares of the company’s common stock on Apr 09 ’25 at a price of $3.67 per share for a total of $51.0. Following the purchase, the insider now owns 52.04 million shares.
Ribbon Communications Inc disclosed in a document filed with the SEC on Sep 13 ’24 that INFANTE BEATRIZ V (Director) sold a total of 5,790 shares of the company’s common stock. The trade occurred on Sep 13 ’24 and was made at $3.04 per share for $17602.0. Following the transaction, the insider now directly holds 0.3 million shares of the RBBN stock.
