Currently, there are 78.67M common shares owned by the public and among those 73.59M shares have been available to trade.
The company’s stock has a 5-day price change of -0.18% and 0.54% over the past three months. ADTN shares are trading -23.98% year to date (YTD), with the 12-month market performance down to -33.81% lower. It has a 12-month low price of $4.34 and touched a high of $8.81 over the same period. ADTN has an average intraday trading volume of 1.18 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.44%, 1.00%, and -3.36% respectively.
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Institutional ownership of ADTRAN Holdings Inc (NASDAQ: ADTN) shares accounts for 77.57% of the company’s 78.67M shares outstanding.
It has a market capitalization of $442.10M and a beta (3y monthly) value of 1.21. The earnings-per-share (ttm) stands at -$7.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.14% over the week and 4.90% over the month.
Earnings per share for the fiscal year are expected to increase by 81.03%, and 169.52% over the next financial year. EPS should grow at an annualized rate of 2.30% over the next five years, compared to -53.24% over the past 5-year period.
Looking at the support for the ADTN, a number of firms have released research notes about the stock. Northland Capital stated their Outperform rating for the stock in a research note on May 08, 2024, with the firm’s price target at $7.50. Rosenblatt was of a view on November 07, 2023 that the stock is Neutral, while Northland Capital gave the stock Market Perform rating on April 12, 2023, issuing a price target of $13. Loop Capital on their part issued Buy rating on September 26, 2022.
