A share price of Ribbon Communications Inc [RBBN] is currently trading at $3.71, up 8.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The RBBN shares have gain 4.21% over the last week, with a monthly amount glided 17.41%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ribbon Communications Inc [NASDAQ: RBBN] stock has seen the most recent analyst activity on July 11, 2024, when Rosenblatt initiated its Buy rating and assigned the stock a price target of $5. On July 19, 2023, Craig Hallum initiated with a Buy rating and assigned a price target of $5.50 on the stock. JMP Securities started tracking the stock assigning a Mkt Outperform rating and suggested a price target of $6 on April 10, 2023. B. Riley Securities started tracking with a Buy rating for this stock on January 26, 2021, and assigned it a price target of $10. In a note dated June 15, 2020, Northland Capital upgraded an Outperform rating on this stock.
Ribbon Communications Inc experienced fluctuations in its stock price throughout the past year between $1.78 and $3.95. Currently, Wall Street analysts expect the stock to reach $5.67 within the next 12 months. Ribbon Communications Inc [NASDAQ: RBBN] shares were valued at $3.71 at the most recent close of the market. An investor can expect a potential return of 52.83% based on the average RBBN price forecast.
Analyzing the RBBN fundamentals
Trailing Twelve Months sales for Ribbon Communications Inc [NASDAQ:RBBN] were 808.92M which represents 3.48% growth. Gross Profit Margin for this corporation currently stands at 0.51% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.13 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.96.
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 3.54 points at the first support level, and at 3.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.82, and for the 2nd resistance point, it is at 3.94.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Ribbon Communications Inc [NASDAQ:RBBN] is 1.42. On the other hand, the Quick Ratio is 1.16, and the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 1.60.
Transactions by insiders
Recent insider trading involved INFANTE BEATRIZ V, Director, that happened on Sep 13 ’24 when 5790.0 shares were sold. Director, INFANTE BEATRIZ V completed a deal on Sep 13 ’24 to buy 5790.0 shares. Meanwhile, EVP, CFO LOPEZ MIGUEL A bought 2000.0 shares on Mar 15 ’24.
