Ribbon Communications Inc. (NASDAQ:RBBN) marked $3.18 per share on Monday, down from a previous closing price of $3.26. While Ribbon Communications Inc. has underperformed by -2.45%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RBBN fell by -3.64%, with highs and lows ranging from $4.84 to $2.19, whereas the simple moving average jumped by 5.04% in the last 200 days.
On July 19, 2023, Craig Hallum started tracking Ribbon Communications Inc. (NASDAQ: RBBN) recommending Buy.
Analysis of Ribbon Communications Inc. (RBBN)
Further, the quarter-over-quarter increase in sales is 7.50%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Ribbon Communications Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -20.30% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 606.16K can be a very valuable indicator of volatility for RBBN stock. On a monthly basis, the volatility of the stock is set at 5.42%, whereas on a weekly basis, it is put at 7.12%, with a loss of -8.62% over the past seven days. Furthermore, long-term investors anticipate a median target price of $6.00, showing growth from the present price of $3.18, which can serve as yet another indication of whether RBBN is worth investing in or should be passed over.
How Do You Analyze Ribbon Communications Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 17.20%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 71.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in RBBN shares?
The recent increase in stakes in RBBN appears to be a result of several institutional investors and hedge funds increasing their positions. Neuberger Berman Investment Advis made another increased to its shares in RBBN during the first quarter, upping its stake by 15.62%. During the last quarter, the company picked up 2,114,412 additional shares for a total stake of worth $43.67 million, bringing number of shares owned by the company to 15,653,105.
During the first quarter, Paradigm Capital Management, Inc. added a 100,453 position in RBBN. BlackRock Fund Advisors purchased an additional 71878.0 shares in the last quarter, increasing its holdings by 1.37%, now holding 5.33 million shares worth $14.87 million. At the end of the first quarter, The Vanguard Group, Inc. increased its RBBN holdings by 2.81% and now holds 5.28 million RBBN shares valued at $14.72 million with the added 0.14 million shares during the period. RBBN shares are owned by institutional investors to the tune of 71.10% at present.