ADTRAN Holdings Inc [ADTN] stock prices are up 6.97% to $9.67 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ADTN shares have gain 17.78% over the last week, with a monthly amount glided 10.26%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
ADTRAN Holdings Inc [NASDAQ: ADTN] stock has seen the most recent analyst activity on November 08, 2024, when Rosenblatt upgraded its rating to a Buy and also boosted its price target to $10 from $6. Previously, Northland Capital upgraded its rating to Outperform on May 08, 2024, and kept the price target unchanged to $7.50. On November 20, 2023, downgrade downgraded it’s rating to Hold. Rosenblatt downgraded its rating to a Neutral and decreased its price target to $7 on November 07, 2023. Northland Capital downgraded its rating to a Market Perform but $13 remained the price target by the analyst firm on April 12, 2023. Loop Capital upgraded its rating to Buy for this stock on September 26, 2022, and upped its price target to $26. In a note dated July 14, 2022, Needham initiated an Buy rating and provided a target price of $28 on this stock.
The stock price of ADTRAN Holdings Inc [ADTN] has been fluctuating between $4.34 and $9.21 over the past year. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. ADTRAN Holdings Inc [NASDAQ: ADTN] shares were valued at $9.67 at the most recent close of the market. An investor can expect a potential return of 3.41% based on the average ADTN price forecast.
Analyzing the ADTN fundamentals
The ADTRAN Holdings Inc [NASDAQ:ADTN] reported sales of 905.35M for trailing twelve months, representing a drop of -16.39%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.5%, and Net Profit Margin reading is -0.57%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is -1.59 and Total Capital is -0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
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 9.32 points at the first support level, and at 8.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.95, and for the 2nd resistance point, it is at 10.23.
Ratios To Look Out For
It’s worth pointing out that ADTRAN Holdings Inc [NASDAQ:ADTN]’s Current Ratio is 2.10. On the other hand, the Quick Ratio is 1.17, and the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.88, the price to book ratio is 3.57.
