ADTRAN Holdings Inc (NASDAQ: ADTN) stock closed at $6.10 on 12/4/23 after a major increase of 10.5%. Moreover, unusually high trading volume at 176% of normal accompanied the advance. The stock has risen 12.8% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ADTN is expected to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
ADTRAN Holdings has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ADTRAN Holdings has a good Appreciation Score of 82 but a very low Power Rating of 0, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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