In the last trading session, 1.85 million ADTRAN Holdings Inc (NASDAQ:ADTN) shares changed hands as the company’s beta touched 1.46. With the company’s per share price at $9.10 changed hands at $0.43 or 4.96% during last session, the market valuation stood at $726.73M. ADTN’s last price was a discount, traded about -36.7% off its 52-week high of $12.44. The share price had its 52-week low at $4.34, which suggests the last value was 52.31% up since then. When we look at ADTRAN Holdings Inc’s average trading volume, we note the 10-day average is 1.5 million shares, with the 3-month average coming to 1.16 million.
Analysts gave the ADTRAN Holdings Inc (ADTN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.75. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended ADTN as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. ADTRAN Holdings Inc’s EPS for the current quarter is expected to be -0.03.
ADTRAN Holdings Inc (NASDAQ:ADTN) trade information
Instantly ADTN was in green as seen at the end of in last trading. With action -0.66%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 9.24%, with the 5-day performance at -0.66% in the red. However, in the 30-day time frame, ADTRAN Holdings Inc (NASDAQ:ADTN) is -17.72% down. Looking at the short shares, we see there were 1.15 million shares sold at short interest cover period of 0.87 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 9.0% from its current market value. According to analyst projections, ADTN’s forecast low is 10 with 10 as the target high. To hit the forecast high, the stock’s price needs a -9.89% plunge from its current level, while the stock would need to soar -9.89% for it to hit the projected low.
ADTRAN Holdings Inc (ADTN) estimates and forecasts
Year-over-year growth is forecast to reach 12.19% up 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 245.15M. 4 analysts are of the opinion that ADTRAN Holdings Inc’s revenue for the current quarter will be 255.07M. The company’s revenue for the corresponding quarters a year ago was 226.17M and 225.99M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.39%. The estimates for the next quarter sales put growth at 12.87%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -38.83%. The 2025 estimates are for ADTRAN Holdings Inc earnings to increase by 155.56%.
ADTN Dividends
ADTRAN Holdings Inc is expected to release its next quarterly earnings report on 2025-Feb-26. During the past 5 years, the average dividend yield was 2.9 per year.
ADTRAN Holdings Inc (NASDAQ:ADTN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.59% of ADTRAN Holdings Inc shares while 87.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 89.16%. There are 87.74% institutions holding the ADTRAN Holdings Inc stock share, with TIETON CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 1.2275% of the shares, roughly 0.97 million ADTN shares worth $5.09 million.
BOOTHBAY FUND MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 0.1816% or 0.14 million shares worth $0.75 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund . With 2.17 shares estimated at $19.7 million under it, the former controlled 2.71% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.65% of the shares, roughly 2.12 shares worth around $19.29 million.
