ADTRAN Inc. (NASDAQ:ADTN) price on Friday, August 06, rose 8.43% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $23.53.
A look at the stock’s price movement, the close in the last trading session was $21.70, moving within a range at $22.45 and $23.58. The beta value (5-Year monthly) was 1.39 while the PE ratio in trailing twelve months stood at 86.83. Turning to its 52-week performance, $22.89 and $9.66 were the 52-week high and 52-week low respectively. Overall, ADTN moved 22.68% over the past month.
ADTRAN Inc.’s market cap currently stands at around $1.15 billion, with investors looking forward to this quarter’s earnings report slated for Nov 01, 2021 – Nov 05, 2021. The company has a Forward Dividend ratio of 0.36, with its dividend yield at 1.53%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.12, which has seen fiscal year 2021 EPS growth forecast to increase to $0.52 and about $0.64 for fiscal year 2022. Per the data, EPS growth is expected to be 100.00% for 2021 and 23.10% for the next financial year.
Analysts have a consensus estimate of $141.82 million for the company’s revenue for the quarter, with a low and high estimate of $141 million and $143.4 million respectively. The average forecast suggests up to a 10.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $559.09 million, representing a 10.40% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that ADTN is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 5 recommend ADTN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 37.75, with ADTN’s current price about 12.10% and 13.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.24, while 7-day volatility ratio is 5.24% and 4.59% in the 30-day chart. Further, ADTRAN Inc. (ADTN) has a beta value of 1.41, and an average true range (ATR) of 1.02. Analysts have given the company’s stock an average 52-week price target of $26.00, forecast between a low of $22.00 and high of $29.00. Looking at the price targets, the low is 6.5% off current price level while to achieve the yearly target high, price needs to move -23.25%. Nonetheless, investors will most likely welcome a -10.5% jump to $26.00 which is the analysts’ median price.
In the market, a comparison of ADTRAN Inc. (ADTN) and its peers suggest the former has performed considerably stronger. Data shows ADTN’s intraday price has changed 8.43% in last session and 93.98% over the past year. Comparatively, Extreme Networks Inc. (EXTR) has moved 1.79% on the day and only 129.18% in the past 12 months. Looking at another peer, we see that DZS Inc. (DZSI) price has dipped -1.21% on the day. However, the stock is 41.25% off its price a year ago. Moreover, Calix Inc. (CALX) is also up 1.99% in trading on the day while keeping a an uptrend of 104.11% over the past year. If we look at the PE ratio, we find that ADTRAN Inc.’s ratio stands at 86.83 compared to Extreme Networks Inc.’s 1423.75. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.17% and 0.41% respectively in the last trading.
If we refocus on ADTRAN Inc. (NASDAQ:ADTN), historical trading data shows that trading volumes averaged 266.89K over the past 3 months. The company’s latest data on shares outstanding shows there are 48.34 million shares.
The 0.90% of ADTRAN Inc.’s shares are in the hands of company insiders while institutional holders own 93.90% of the company’s shares. Current price change has pushed the stock 59.31% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ADTN stock continues to rise going into the next quarter.