A10 Networks Inc (ATEN) stock forecast: Can it reach its 52-week high of $15.99

A10 Networks Inc [ATEN] stock is trading at $14.66, up 8.43%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ATEN shares have gain 7.79% over the last week, with a monthly amount glided 15.89%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, Craig Hallum started tracking the stock with Buy rating on June 23, 2021, and set its price target to $16. On July 21, 2020, Sidoti initiated with a Buy rating and assigned a price target of $11 on the stock. BWS Financial started tracking the stock assigning a Buy rating and suggested a price target of $9.50 on December 16, 2019. Dougherty & Company downgraded its rating to a Neutral. DA Davidson downgraded its rating to Neutral for this stock on March 19, 2018, and downed its price target to $7. In a note dated July 14, 2017, DA Davidson reiterated an Buy rating on this stock and revised its target price from $16 to $9.

A10 Networks Inc [ATEN] stock has fluctuated between $10.03 and $15.99 over the past year. A10 Networks Inc [NYSE: ATEN] shares were valued at $14.66 at the most recent close of the market.

Analyzing the ATEN fundamentals

A10 Networks Inc [NYSE:ATEN] reported sales of 251.70M for the trailing twelve months, which represents a drop of -9.30%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.2 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 13.93 points at the first support level, and at 13.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.08, and for the 2nd resistance point, it is at 15.49.

Ratios To Look Out For

For context, A10 Networks Inc’s Current Ratio is 2.39. Also, the Quick Ratio is 2.18, while the Cash Ratio stands at 0.88. Considering the valuation of this stock, the price to sales ratio is 4.34, the price to book ratio is 5.24 and price to earnings (TTM) ratio is 27.62.

Transactions by insiders

Recent insider trading involved Trivedi Dhrupad, Chief Executive Officer, that happened on Mar 05 ’24 when 60606.0 shares were sold. Chief Financial Officer, Becker Brian completed a deal on Feb 13 ’24 to sell 15000.0 shares. Meanwhile, Chief Executive Officer Trivedi Dhrupad sold 8679.0 shares on Feb 05 ’24.

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