ADTRAN Holdings Inc (NASDAQ: ADTN) stock closed at $4.68 on 8/6/24 after a major decline of -18.8%. Moreover, trading volume in this decline was unusually high at 166% of normal. The stock has declined -27.3% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
ADTN is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
ADTRAN Holdings has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ADTRAN Holdings has a neutral Appreciation Score of 48 but a poor Power Rating of 18, leading to the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment