Ribbon Communications Inc [NASDAQ: RBBN] loss -0.73% or -0.03 points to close at $4.08 with a heavy trading volume of 474407 shares.
It opened the trading session at $4.11, the shares rose to $4.14 and dropped to $3.995, the range by which the price of stock traded the whole day. The daily chart for RBBN points out that the company has recorded -13.56% loss over the past six months.
If we look at the average trading volume of 570.21K shares, RBBN reached to a volume of 474407 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 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 $6.08 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 1.14. 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 Price to Book ratio for the last quarter was 1.95, with the Price to Cash per share for the same quarter was set at 0.35. Price to Free Cash Flow for RBBN in the course of the last twelve months was 60.51 with Quick ratio for the last quarter at 1.13.
Trading performance analysis for RBBN stock
Ribbon Communications Inc [RBBN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.77. With this latest performance, RBBN shares gained by 8.51% in over the last four-week period, additionally sinking by -13.56% over the last 6 months – not to mention a drop of -1.92% 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 58.26, with the RSI for the last a single of trading hit 0.13, and the three-weeks RSI is set at 0.14 for Ribbon Communications Inc [RBBN]. The present Moving Average for the last 50 days of trading for this stock 3.94, while it was recorded at 4.01 for the last single week of trading, and 3.93 for the last 200 days.
Ribbon Communications Inc [RBBN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Ribbon Communications Inc [RBBN] shares currently have an operating margin of 3.78% and a Gross Margin at 48.23%. Ribbon Communications Inc’s Net Margin is presently recorded at -5.14%.
Ribbon Communications Inc (RBBN) Capital Structure & Debt Analysis
According to recent financial data for Ribbon Communications Inc. ( RBBN), the Return on Equity (ROE) stands at -11.45%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -3.95%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Ribbon Communications Inc’s Return on Invested Capital (ROIC) is -5.84%, showcasing its effectiveness in deploying capital for earnings.
Ribbon Communications Inc (RBBN) Efficiency & Liquidity Metrics
Based on Ribbon Communications Inc’s (RBBN) latest financial statements, the Debt-to-Equity Ratio is 1.10%, indicating its reliance on debt financing relative to shareholder equity.
Ribbon Communications Inc (RBBN) Efficiency & Liquidity Metrics
From an operational efficiency perspective, Ribbon Communications Inc. (RBBN) effectively leverages its workforce, generating an average of -$14541.28 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.38% and a Quick Ratio of 1.13%, indicating strong ability to cover short-term liabilities.
Ribbon Communications Inc [RBBN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Ribbon Communications Inc posted 0.05/share EPS, while the average EPS was predicted by analysts to be reported at 0.06/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. 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.
An analysis of Institutional ownership at Ribbon Communications Inc [RBBN]
There are presently around $73.79%, or 89.90%% 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 6.0684%.
