A10 Networks Inc [NYSE: ATEN] loss -16.21% or -3.17 points to close at $16.38 with a heavy trading volume of 6654743 shares.
The daily chart for ATEN points out that the company has recorded 26.00% gains over the past six months.
If we look at the average trading volume of 789.74K shares, ATEN reached to a volume of 6654743 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about A10 Networks Inc [ATEN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ATEN shares is $22.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ATEN stock is a recommendation set at 2.25. 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.
BWS Financial have made an estimate for A10 Networks Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 13, 2024. The new note on the price target was released on November 08, 2024, representing the official price target for A10 Networks Inc stock.
The Average True Range (ATR) for A10 Networks Inc is set at 0.87, with the Price to Sales ratio for ATEN stock in the period of the last 12 months amounting to 4.63. The Price to Book ratio for the last quarter was 5.21, with the Price to Cash per share for the same quarter was set at 2.64. Price to Free Cash Flow for ATEN in the course of the last twelve months was 15.49 with Quick ratio for the last quarter at 2.26.
Trading performance analysis for ATEN stock
A10 Networks Inc [ATEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.81. With this latest performance, ATEN shares dropped by -20.52% in over the last four-week period, additionally plugging by 26.00% over the last 6 months – not to mention a rise of 11.73% 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 ATEN stock in for the last two-week period is set at 22.40, with the RSI for the last a single of trading hit 14.90, and the three-weeks RSI is set at 28.97 for A10 Networks Inc [ATEN]. The present Moving Average for the last 50 days of trading for this stock 19.63, while it was recorded at 18.89 for the last single week of trading, and 15.97 for the last 200 days.
A10 Networks Inc [ATEN]: A deeper dive into fundamental analysis
A10 Networks Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.26 and a Current Ratio set at 2.44.
An analysis of Institutional ownership at A10 Networks Inc [ATEN]
There are presently around $91.52%, or 92.48%% of ATEN stock, in the hands of institutional investors. The top three institutional holders of ATEN stocks are: BLACKROCK INC. with ownership of 12.73 million shares, which is approximately 17.0958%. VANGUARD GROUP INC, holding 7.12 million shares of the stock with an approximate value of $$98.66 million in ATEN stocks shares; and VANGUARD GROUP INC, currently with $$43.06 million in ATEN stock with ownership which is approximately 4.1808%.
