Ribbon Communications Inc (NASDAQ:RBBN) shares, rose in value, with the stock price up by 1.42% to the previous day’s close as strong demand from buyers drove the stock to $3.58.
Actively observing the price movement in the last trading, the stock closed the session at $3.53, falling within a range of $3.505 and $3.61. The value of beta (5-year monthly) was 1.367. Referring to stock’s 52-week performance, its high was $5.38, and the low was $2.46. On the whole, RBBN has fluctuated by -10.95% over the past month.
With the market capitalization of Ribbon Communications Inc currently standing at about $629.84 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 880.86M, with a low estimate of 189.36M and a high estimate of 195M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 191.66M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RBBN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of RBBN currently trading nearly -4.03% and -13.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.56, while the 7-day volatility ratio is showing 3.84% which for the 30-day chart, stands at 5.87%. Furthermore, Ribbon Communications Inc (RBBN)’s beta value is 1.35, and its average true range (ATR) is 0.24.
A comparison of Ribbon Communications Inc (RBBN) with its peers suggests the former has fared considerably weaker in the market. RBBN showed an intraday change of 1.42% in last session, and over the past year, it grew by 37.16%%.
Data on historical trading for Ribbon Communications Inc (NASDAQ:RBBN) indicates that the trading volumes over the past 10 days have averaged 0.51 and over the past 3 months, they’ve averaged 611.44K. According to company’s latest data on outstanding shares, there are 175.60 million shares outstanding.
Nearly 18.14% of Ribbon Communications Inc’s shares belong to company insiders and institutional investors own 71.98% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.28 million shares as on 2025-03-31, resulting in a short ratio of 4.25. According to the data, the short interest in Ribbon Communications Inc (RBBN) stood at 302.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 1.73 million. The stock has fallen by -13.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RBBN stock heading into the next quarter.
