A share price of ADTRAN Holdings Inc [ADTN] is currently trading at $7.55, up 19.27%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ADTN shares have gain 24.28% over the last week, with a monthly amount glided 29.28%, and 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 May 08, 2024, when Northland Capital upgraded its rating to a Outperform but kept the price target unchanged to $7.50 for it. Previously, Argus downgraded its rating to Hold on November 20, 2023. On November 07, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $7 on the stock. Northland Capital downgraded its rating to a Market Perform but stick to its price target of $13 on April 12, 2023. Loop Capital upgraded its rating to a Buy and raised its price target to $26 on September 26, 2022. Needham started tracking with a Buy rating for this stock on July 14, 2022, and assigned it a price target of $28. In a note dated April 12, 2022, Rosenblatt initiated an Buy rating and provided a target price of $25 on this stock.
ADTRAN Holdings Inc experienced fluctuations in its stock price throughout the past year between $4.34 and $7.66. Currently, Wall Street analysts expect the stock to reach $15.67 within the next 12 months. ADTRAN Holdings Inc [NASDAQ: ADTN] shares were valued at $7.55 at the most recent close of the market. An investor can expect a potential return of 107.55% based on the average ADTN price forecast.
Analyzing the ADTN fundamentals
Trailing Twelve Months sales for ADTRAN Holdings Inc [NASDAQ:ADTN] were 905.35M which represents -16.39% decline. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at -0.17%, Pretax Profit Margin comes in at -0.55%, and Net Profit Margin reading is -0.59%. To continue investigating profitability, this company’s Return on Assets is posted at -0.43, Equity is -1.26 and Total Capital is -0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.
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 6.63 points at the first support level, and at 5.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.02, and for the 2nd resistance point, it is at 8.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ADTRAN Holdings Inc [NASDAQ:ADTN] is 2.10. As well, the Quick Ratio is 1.17, while the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 2.70.
