Market Analysts see Ribbon Communications Inc [RBBN] gaining to $5. Time to buy?

Ribbon Communications Inc [NASDAQ: RBBN] surged by $0.01 during the normal trading session on while it closed the day at $4.01.

Ribbon Communications Inc stock has also loss -3.61% of its value over the past 7 days. However, RBBN stock has inclined by 25.31% in the 3 months of the year. Over the past six months meanwhile, it has gained 23.38% and lost -3.61% year-on date.

The market cap for RBBN stock reached $703.28 million, with 174.74 million shares outstanding and 143.63 million shares in the current float. Compared to the average trading volume of 361.95K shares, RBBN reached a trading volume of 264967 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Ribbon Communications Inc [RBBN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RBBN shares is $5.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RBBN stock is a recommendation set at 1.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Rosenblatt have made an estimate for Ribbon Communications Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 11, 2024. While these analysts kept the previous recommendation, JMP Securities raised their target price to Mkt Outperform. The new note on the price target was released on April 29, 2024, representing the official price target for Ribbon Communications Inc stock. Previously, the target price had yet another raise to $5.50, while Craig Hallum analysts kept a Buy rating on RBBN stock.

The Average True Range (ATR) for Ribbon Communications Inc is set at 0.17, with the Price to Sales ratio for RBBN stock in the period of the last 12 months amounting to 0.87. The Price to Book ratio for the last quarter was 1.77, with the Price to Cash per share for the same quarter was set at 0.23.

RBBN stock trade performance evaluation

Ribbon Communications Inc [RBBN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.61. With this latest performance, RBBN shares gained by 2.82% in over the last four-week period, additionally plugging by 23.38% over the last 6 months – not to mention a rise of 30.62% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RBBN stock in for the last two-week period is set at 49.04, with the RSI for the last a single of trading hit 45.62, and the three-weeks RSI is set at 51.36 for Ribbon Communications Inc [RBBN]. The present Moving Average for the last 50 days of trading for this stock 3.96, while it was recorded at 4.02 for the last single week of trading, and 3.37 for the last 200 days.

Ribbon Communications Inc [RBBN]: An insightful look at the core fundamentals

Ribbon Communications Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.16 and a Current Ratio set at 1.42.

Earnings per share (EPS) analysis for Ribbon Communications Inc [RBBN] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RBBN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ribbon Communications Inc go to 20.00%.

Ribbon Communications Inc [RBBN]: Institutional Ownership

There are presently around $73.20%, or 89.13%% of RBBN stock, in the hands of institutional investors. The top three institutional holders of RBBN stocks are: JPMORGAN CHASE & CO with ownership of 52.04 million shares, which is approximately 29.9424%. NEUBERGER BERMAN GROUP LLC, holding 17.78 million shares of the stock with an approximate value of $$76.49 million in RBBN stocks shares; and NEUBERGER BERMAN GROUP LLC, currently with $$34.7 million in RBBN stock with ownership which is approximately 6.1164%.