At the time of writing, ADTRAN Holdings Inc [ADTN] stock is trading at $4.73, up 1.72%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ADTN shares have lost -4.44% over the last week, with a monthly amount drifted -12.57%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ADTRAN Holdings Inc [NASDAQ: ADTN] stock has seen the most recent analyst activity on November 20, 2023, when Argus downgraded its rating to a Hold. Previously, Rosenblatt downgraded its rating to Neutral on November 07, 2023, and dropped its price target to $7. On April 12, 2023, downgrade downgraded it’s rating to Market Perform but maintained its price target of $13 on the stock. Loop Capital upgraded its rating to a Buy and increased its price target to $26 on September 26, 2022. Needham initiated its recommendation with a Buy and recommended $28 as its price target on July 14, 2022. Rosenblatt started tracking with a Buy rating for this stock on April 12, 2022, and assigned it a price target of $25. In a note dated February 23, 2022, Loop Capital initiated an Hold rating and provided a target price of $21 on this stock.
For the past year, the stock price of ADTRAN Holdings Inc fluctuated between $4.61 and $11.02. Currently, Wall Street analysts expect the stock to reach $17.67 within the next 12 months. ADTRAN Holdings Inc [NASDAQ: ADTN] shares were valued at $4.73 at the most recent close of the market. An investor can expect a potential return of 273.57% based on the average ADTN price forecast.
Analyzing the ADTN fundamentals
According to ADTRAN Holdings Inc [NASDAQ:ADTN], the company’s sales were 1.15B for trailing twelve months, which represents an -37.06% plunge. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.36 and Total Capital is -0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.34.
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 4.62 points at the first support level, and at 4.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.82, and for the 2nd resistance point, it is at 4.90.
Ratios To Look Out For
It is important to note that ADTRAN Holdings Inc [NASDAQ:ADTN] has a current ratio of 2.63. As well, the Quick Ratio is 1.33, while the Cash Ratio is 0.31. Considering the valuation of this stock, the price to sales ratio is 0.33, the price to book ratio is 0.63.
