While ADTRAN Holdings Inc has overperformed by 0.84%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ADTN fell by -50.16%, with highs and lows ranging from $11.02 to $4.59, whereas the simple moving average fell by -32.28% in the last 200 days.
On November 20, 2023, Argus Downgraded ADTRAN Holdings Inc (NASDAQ: ADTN) to Hold. A report published by Rosenblatt on November 07, 2023, Downgraded its rating to ‘Neutral’ for ADTN. Northland Capital also Downgraded ADTN shares as ‘Market Perform’, setting a target price of $13 on the company’s shares in a report dated April 12, 2023. Loop Capital September 26, 2022d the rating to Buy on September 26, 2022, and set its price target from $21 to $26. Needham initiated its ‘Buy’ rating for ADTN, as published in its report on July 14, 2022. Rosenblatt’s report from April 12, 2022 suggests a price prediction of $25 for ADTN shares, giving the stock a ‘Buy’ rating. Loop Capital also rated the stock as ‘Hold’.
Analysis of ADTRAN Holdings Inc (ADTN)
With ADTN’s current dividend of $0.18 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -37.06%, showing a negative trend in the upcoming months.
ADTRAN Holdings Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -32.97% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.33, 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.
The average volume for any stock is also a very valuable indicator of volatility, and ADTN has an average volume of 764.60K. On a monthly basis, the volatility of the stock is set at 3.79%, whereas on a weekly basis, it is put at 3.59%, with a gain of 3.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.64, showing growth from the present price of $4.78, which can serve as yet another indication of whether ADTN is worth investing in or should be passed over.
How Do You Analyze ADTRAN Holdings Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 6.63%. 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 81.82% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ADTN shares are owned by institutional investors to the tune of 81.82% at present.
