In the latest trading session, 1.31 million ADTRAN Holdings Inc (NASDAQ:ADTN) shares changed hands as the company’s beta touched 1.15. With the company’s most recent per share price at $5.45 changing hands around $0.74 or 15.71% at last look, the market valuation stands at $431.20M. ADTN’s current price is a discount, trading about -102.2% off its 52-week high of $11.02. The share price had its 52-week low at $4.34, which suggests the last value was 20.37% up since then. When we look at ADTRAN Holdings Inc’s average trading volume, we note the 3-month average coming to 747.75K.
ADTRAN Holdings Inc (NASDAQ:ADTN) trade information
Instantly ADTN is in green as seen in intraday trades today. With action 24.43%, the performance over the past five days has been green. The jump to weekly highs of 5.73 added 15.71% to the stock’s daily price. The company’s shares are showing year-to-date downside of -25.75%, with the 5-day performance at 24.43% in the green. However, in the 30-day time frame, ADTRAN Holdings Inc (NASDAQ:ADTN) is 7.92% up.
ADTRAN Holdings Inc (ADTN) estimates and forecasts
Data shows that the ADTRAN Holdings Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -25.24% over the past 6 months, a 93.38% in annual growth rate that is considerably higher than the industry average of 20.30%. Year-over-year growth is forecast to reach -13.10% down from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 224.02M. 4 analysts are of the opinion that ADTRAN Holdings Inc’s revenue for the current quarter will be 240M. The company’s revenue for the corresponding quarters a year ago was 323.91M and 327.38M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -30.80%. The estimates for the next quarter sales put growth at -26.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -53.24%. The 2024 estimates are for ADTRAN Holdings Inc earnings to increase by 95.25%, but the outlook for the next 5-year period is at 2.30% per year.
ADTN Dividends
ADTRAN Holdings Inc is expected to release its next quarterly earnings report in June. The 3.30% annual yield figure for the share gives it an annual dividend of 0.18. It is important to note, however, that the 3.30% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
