ADTRAN Inc. (ADTN): Technical Analysis and analyst Ratings


ADTRAN Inc. (NASDAQ:ADTN) changes shares on Tuesday trading session, with a change of -0.09% or -$0.01 shares. The trading starts at $11.20 and closed at $10.98 throughout the day. The trading session low price was $10.78 and day high was $11.20 on Tuesday, June 23. After the session, the Technology sector daily volume shifted to 0.44 million while its average volume is 405.46K. In other hand, the ADTN market cap reached to $534.24M. While, its current target price is $10.97 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -1.44% and down -2.05% for month. Its quarterly performance was 72.76% above, while its half year performance is up 16.21%. ADTN yearly performance stood at negative -29.77% and rise 10.92% for year-to-date. Current recommendation for ADTRAN Inc. is 2.60.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ADTN EPS (TTM) for 12-month is -1.33. EPS for this year is -127.20%, while for the next year its value is 0.20. It has an EPS of -27.60% down for past five years and for the next five years will be up 2.30%.

Let’s take a look on the analyst recommendations on ADTN for the current month and previous month. For the current month, 3 of 7 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 4 as Hold. As compared with the previous month ratings, 7 analysts participate in stock recommendation. Out of 7, 0 rated it sell, 2 rated it as Buy and 5 as Hold Ratings. On the other hand, target price ranges from $11.00-$16.00. Average target price for ADTN was reached at $13.80.

Blackrock Inc., Vanguard Group, Inc. (The) and Dimensional Fund Advisors LP are the top three holders in ADTRAN Inc. (ADTN) stock. On Mar 30, 2020, Blackrock Inc. has 7.71 million shares which valued 59.2 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 5.41 million shares which valued at 41.53 million. On Mar 30, 2020, Dimensional Fund Advisors LP has a total of 3.35 million shares which valued at 25.73 million. In the end, Dimensional Fund Advisors LP have 6.99% shares outstanding of ADTRAN Inc. (ADTN) on Mar 30, 2020. The insider ownership moved to 0.70% and institutional holding shifted to 93.60%.

The company posted an EPS (TTM) of -1.33. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of 0.01, while 0.14 EPS posted a year ago period. Analyst Estimated EPS for ADTN published in the report was -0.01-0.02 during the same period. Comparing with last year, the average estimated EPS was 0.14 which is higher than -0.05 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ADTN rise 14.36% for period of 200 days. SMA for 50 days was 4.17% which is showing green signal, while SMA-20 was -2.35%. The moving average value for ADTRAN Inc. (ADTN) is 9.39 and 11.03 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ADTN stock. On Oct 18, LOCKE P STEVEN, VP Service Provider Sales, sold 5,750 trading shares at the cost of $32.38, which valued at 0.19 million. On Feb 18, Whalen Daniel T, Chief Product Officer, bought 6,500 shares at the cost of $8.71, with total shares of 29,700. On Feb 14, Whalen Daniel T, Chief Product Officer, bought 13,500 shares at the cost of 8.95. After this transaction, Whalen Daniel T total shares reached to 23,200 which valued at 0.12 million.