As volatility creeps into ADTRAN, Inc. (NASDAQ:ADTN), investors need to pay close attention to to the factors affecting stock today as its shares are trading 21.54% or 2.35 points down from last closing price of $10.91, reaching $8.56 at last check. The ADTN share price has dropped in 4 of the last 5 days and is down -30.42% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 147,300 shares, and in total 426100 shares valued at $3.647 million were seen changing hands compared with 278800 shares valued at $3.042 million recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the ADTN stock.
ADTRAN, Inc. (ADTN) shares have notched a 3-month decline of about -30.42%, but has still advanced 1.58% year to date. By comparison, the stock sank -36.57% over the past 12 months, while it slipped -2.5% over the 1 month. The company’s market cap is around $521.52M, with its short interest ratio standing at 2.38%.
In the current trading session for ADTN, the stock witnessed two major price actions, it rose to a high of $9.23 and was down as much as $8.09 at one point. The high recorded is very low when compared to their 52-week high which is $9.92. The 52-week high is now at -51.9 distance from current price. Their recent low of $18.4 represents a -10.79% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for ADTN is $14, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
ADTN‘s last price was down -35.43% as compared to the average trading price of 50 days recorded at $13.26 while enlarging the period to 200 trading days, the average closing price was $10.63. At present, there are 47.8 million in the total number of common shares owned by the public and among those 47.49 million shares have been available to trade. The percentage of shares being held by the company management was 0.1% while institutions stake was 94.6%. The company has generated positive returns on equity over the last 12 months (0.9%). It managed to keep its gross profit margin at 41.2% over the past 12 months.
When assessing the full upside of the ADTN stock, there is another set of technicals that should be looked into and considered. Its -22.03% decline from moving average of $10.98 has brought about a negative sentiment when calculated over the last 20 days. The market has allocated a beta of 1.2 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of ADTRAN, Inc. — 1 analysts rate the stock as a buy with another 0 rating it strong buy. There are 3 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $17.25 on shares of ADTRAN, Inc. (NASDAQ:ADTN), which corresponds to 95.36% upside potential than its current market price of $8.56 and implies potential despite the recent drop in the price. However, their current target price has fallen from $18.75 a month ago and is down handily from the consensus target of $19.5 a quarter ago.
In the last five years, the EPS of the company has been roughly -21.4%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 2.3%. The revenue of the company has retreated at an average annualized rate of about -3.8 over the last five years. The company recently recorded an increase of 22.2%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards ADTN stock. Alpha Windward LLC changed position in the company and now owns 39,120 shares worth $334,867, SEC documents show. State of Alaska Department of Revenue shored up assets in the stock as 16259.85 shares have been purchased, increasing its stake by 125.9% to 36,731 shares which are currently valued at $314,417. In addition, Royal Bank of Canada recently reported that it now owns 36,690 shares making a total of $314,066 based on the recent price. This refelects a change of -6.2% in their ownership.