With 1.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.13 million shares. The 52-week range on ADTN shows that it touched its highest point at $12.44 and its lowest point at $4.62 during that stretch. It currently has a 1-year price target of $12.41. Beta for the stock currently stands at 1.31.
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 up-trending over the past week, with a rise of 3.79%, but this was up by 6.71% over a month. Three-month performance dropped to -27.73% while six-month performance rose 28.64%. The stock gained 67.72% in the past year, while it has lost -4.56% 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 155.51% for this year and 132.05% for next year.
Float and Shares Shorts:
At present, 79.22 million ADTN shares are outstanding with a float of 68.89 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 -$0.37224 being high and -$0.42498 being low. For ADTN, this leads to a yearly average estimate of -$0.39667.
