Ribbon Communications Inc (RBBN)’s stock price range in the last year

While Ribbon Communications Inc has overperformed by 0.98%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RBBN fell by -5.21%, with highs and lows ranging from $4.84 to $1.78, whereas the simple moving average jumped by 16.11% in the last 200 days.

On July 19, 2023, Craig Hallum started tracking Ribbon Communications Inc (NASDAQ: RBBN) recommending Buy.

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Analysis of Ribbon Communications Inc (RBBN)

Further, the quarter-over-quarter decrease in sales is -1.91%, showing a negative trend in the upcoming months.

One of the most important indicators of Ribbon Communications Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -11.32% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.98, 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.

For any stock, average volume can also provide valuable insight into volatility, and RBBN is recording 424.70K average volume. On a monthly basis, the volatility of the stock is set at 5.15%, whereas on a weekly basis, it is put at 3.63%, with a gain of 9.96% over the past seven days. Furthermore, long-term investors anticipate a median target price of $5.50, showing growth from the present price of $3.09, 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?

Along with the fundamentals, it is also important to consider how many employees own shares of 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 18.34%. 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 71.91% 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 7.83%. During the last quarter, the company picked up 1,371,748 additional shares for a total stake of worth $54.77 million, bringing number of shares owned by the company to 18,885,772.

During the first quarter, Paradigm Capital Management, Inc. added a 477,047 position in RBBN. The Vanguard Group, Inc. purchased an additional 10735.0 shares in the last quarter, increasing its holdings by 0.16%, now holding 6.72 million shares worth $19.48 million. At the end of the first quarter, BlackRock Fund Advisors increased its RBBN holdings by 0.89% and now holds 6.29 million RBBN shares valued at $18.24 million with the added 55347.0 shares during the period. RBBN shares are owned by institutional investors to the tune of 71.91% at present.

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