With 1.81 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.0 million shares. The 52-week range on ADTN shows that it touched its highest point at $12.44 and its lowest point at $4.34 during that stretch. It currently has a 1-year price target of $13.08. Beta for the stock currently stands at 1.29.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ADTN was down-trending over the past week, with a drop of -0.75%, but this was down by -0.85% over a month. Three-month performance surged to 23.22% while six-month performance rose 95.92%. The stock gained 78.68% in the past year, while it has gained 26.77% so far this year. A look at the trailing 12-month EPS for ADTN yields -5.69 with Next year EPS estimates of 0.46. For the next quarter, that number is -0.03. This implies an EPS growth rate of 155.56% for this year and 132.00% for next year.
Float and Shares Shorts:
At present, 79.31 million ADTN shares are outstanding with a float of 73.60 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ADTN since 12 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.37423 being high and -$0.41917 being low. For ADTN, this leads to a yearly average estimate of -$0.39667. Based on analyst estimates, the high estimate for the next quarter is $0.05 and the low estimate is $0.02. The average estimate for the next quarter is thus $0.04.
Summary of Insider Activity:
Insiders traded ADTN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
