Is ADTRAN Holdings Inc (NASDAQ: ADTN) Back In The Buying Zone?

Currently, there are 79.71M common shares owned by the public and among those 68.81M shares have been available to trade.

The company’s stock has a 5-day price change of -4.06% and -26.69% over the past three months. ADTN shares are trading -6.36% year to date (YTD), with the 12-month market performance up to 46.07% higher. It has a 12-month low price of $4.62 and touched a high of $12.44 over the same period. ADTN has an average intraday trading volume of 1.11 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 -1.95%, -4.24%, and -1.14% respectively.

Institutional ownership of ADTRAN Holdings Inc (NASDAQ: ADTN) shares accounts for 78.32% of the company’s 79.71M shares outstanding.

It has a market capitalization of $623.83M and a beta (3y monthly) value of 1.31. The earnings-per-share (ttm) stands at -$1.72. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.86% over the week and 2.53% over the month.

Earnings per share for the fiscal year are expected to increase by 88.94%, and 965.58% over the next financial year.

Looking at the support for the ADTN, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on January 08, 2025, with the firm’s price target at $15. Rosenblatt coverage for the ADTRAN Holdings Inc (ADTN) stock in a research note released on November 08, 2024 offered a Buy rating with a price target of $10. Rosenblatt on their part issued Neutral rating on November 07, 2023.

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