ADTRAN Holdings Inc (NASDAQ:ADTN) shares, rose in value on Thursday, February 13, with the stock price up by 6.96% to the previous day’s close as strong demand from buyers drove the stock to $11.83.
Actively observing the price movement in the last trading, the stock closed the session at $11.06. Referring to stock’s 52-week performance, its high was $11.54, and the low was $4.34. On the whole, ADTN has fluctuated by 19.01% over the past month.
With the market capitalization of ADTRAN Holdings Inc currently standing at about $938.19 million, investors are eagerly awaiting this quarter’s results, scheduled for in March.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ADTN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ADTN currently trading nearly 11.93% and 24.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.73, while the 7-day volatility ratio is showing 4.68% which for the 30-day chart, stands at 5.35%. Furthermore, ADTRAN Holdings Inc (ADTN)’s beta value is 1.29, and its average true range (ATR) is 0.57.
A comparison of ADTRAN Holdings Inc (ADTN) with its peers suggests the former has fared considerably weaker in the market. ADTN showed an intraday change of 6.96% in last session, and over the past year, it grew by 73.97%%.
Data on historical trading for ADTRAN Holdings Inc (NASDAQ:ADTN) indicates that the trading volumes over the past 3 months, they’ve averaged 858.37K. According to company’s latest data on outstanding shares, there are 78.97 million shares outstanding.
Nearly 7.67% of ADTRAN Holdings Inc’s shares belong to company insiders and institutional investors own 79.00% of the company’s shares. The stock has risen by 42.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ADTN stock heading into the next quarter.
