Ribbon Communications Inc (RBBN) concluded trading on Thursday at a closing price of $5.00, with 3.71 million shares of worth about $18.53 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 68.92% during that period and on February 13, 2025 the price saw a gain of about 15.47%. Currently the company’s common shares owned by public are about 175.38M shares, out of which, 143.66M shares are available for trading.
Stock saw a price change of 19.33% in past 5 days and over the past one month there was a price change of 25.31%. Year-to-date (YTD), RBBN shares are showing a performance of 20.19% which increased to 59.24% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.46 but also hit the highest price of $4.39 during that period. The average intraday trading volume for Ribbon Communications Inc shares is 413.13K. The stock is currently trading 20.71% above its 20-day simple moving average (SMA20), while that difference is up 22.61% for SMA50 and it goes to 42.42% higher than SMA200.
Ribbon Communications Inc (NASDAQ: RBBN) currently have 175.38M outstanding shares and institutions hold larger chunk of about 72.28% of that.
The stock has a current market capitalization of $876.92M and its 3Y-monthly beta is at 1.25. It has posted earnings per share of -$0.31 in the same period. It has Quick Ratio of 1.17 while making debt-to-equity ratio of 0.95. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RBBN, volatility over the week remained 7.24% while standing at 5.00% over the month.
Stock’s fiscal year EPS is expected to rise by 4.00% while it is estimated to increase by 33.65% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Rosenblatt on July 11, 2024 offering a Buy rating for the stock and assigned a target price of $5 to it. Coverage by JMP Securities stated Ribbon Communications Inc (RBBN) stock as a Mkt outperform in their note to investors on April 29, 2024, suggesting a price target of $6 for the stock. On July 19, 2023, Craig Hallum Initiated their recommendations, while on April 10, 2023, JMP Securities Initiated their ratings for the stock with a price target of $6. Stock get an Outperform rating from Northland Capital on January 19, 2022.
