During the recent session, ADTRAN Holdings Inc (NASDAQ:ADTN)’s traded shares were 0.38 million, with the beta value of the company hitting 1.29. At the last check today, the stock’s price was $11.70, reflecting an intraday gain of 5.83% or $0.64. The 52-week high for the ADTN share is $11.54, that puts it up 1.37 from that peak though still a striking 62.91% gain since the share price plummeted to a 52-week low of $4.34. The company’s market capitalization is $928.27M, and the average intraday trading volume over the past 10 days was 1.26 million shares, and the average trade volume was 858.37K shares over the past three months.
ADTRAN Holdings Inc (ADTN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. ADTN has a Sell rating from 0 analyst(s) out of 12 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 9 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.03.
ADTRAN Holdings Inc (NASDAQ:ADTN) trade information
ADTRAN Holdings Inc (ADTN) registered a 5.83% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.83% in intraday trading to $11.70, hitting a weekly high. The stock’s 5-day price performance is 2.32%, and it has moved by 17.76% in 30 days. Based on these gigs, the overall price performance for the year is 72.13%. The short interest in ADTRAN Holdings Inc (NASDAQ:ADTN) is 0.96 million shares and it means that shorts have 0.86 day(s) to cover.
The consensus price target of analysts on Wall Street is $10, which implies a decrease of -17.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $10 respectively. As a result, ADTN is trading at a premium of 14.53% off the target high and 14.53% off the low.
ADTRAN Holdings Inc (ADTN) estimates and forecasts
In the rating firms’ projections, revenue will decrease -20.11% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 237.14M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 234.65M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 225.48M and 226.17M respectively. In this case, analysts expect current quarter sales to grow by 5.17% and then jump by 3.75% in the coming quarter.
ADTN Dividends
ADTRAN Holdings Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 2.9%.
ADTRAN Holdings Inc (NASDAQ:ADTN)’s Major holders
Also, the Mutual Funds coming in first place with the largest holdings of ADTRAN Holdings Inc (ADTN) shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. Data provided on Nov 30, 2024 indicates that iShares Russell 2000 ETF owns about 2.24 shares. This amounts to just over 2.83 percent of the company’s overall shares, with a $26.5 million market value. The same data shows that the other fund manager holds slightly less at 2.18, or about 2.75% of the stock, which is worth about $25.71 million.
