Currently, there are 174.74M common shares owned by the public and among those 143.69M shares have been available to trade.
The company’s stock has a 5-day price change of 2.03% and 19.23% over the past three months. RBBN shares are trading -3.12% year to date (YTD), with the 12-month market performance up to 41.90% higher. It has a 12-month low price of $2.46 and touched a high of $4.39 over the same period. RBBN has an average intraday trading volume of 375.74K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.89%, 0.62%, and 18.78% respectively.
Institutional ownership of Ribbon Communications Inc (NASDAQ: RBBN) shares accounts for 71.83% of the company’s 174.74M shares outstanding.
It has a market capitalization of $706.80M and a beta (3y monthly) value of 1.11. The earnings-per-share (ttm) stands at -$0.31. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.53% over the week and 4.06% over the month.
EPS should grow at an annualized rate of 20.00% over the next five years, compared to 12.07% over the past 5-year period.
Looking at the support for the RBBN, a number of firms have released research notes about the stock. Rosenblatt stated their Buy rating for the stock in a research note on July 11, 2024, with the firm’s price target at $5. JMP Securities coverage for the Ribbon Communications Inc (RBBN) stock in a research note released on April 29, 2024 offered a Mkt Outperform rating with a price target of $6. Craig Hallum was of a view on July 19, 2023 that the stock is Buy, while JMP Securities gave the stock Mkt Outperform rating on April 10, 2023, issuing a price target of $6. Northland Capital on their part issued Outperform rating on January 19, 2022.
