Ribbon Communications Inc (NASDAQ:RBBN) price on Wednesday, April 30, fall -14.40% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.21.
A look at the stock’s price movement, the close in the last trading session was $3.75, moving within a range at $3.02 and $3.4. Turning to its 52-week performance, $5.38 and $2.75 were the 52-week high and 52-week low respectively. Overall, RBBN moved -18.11% over the past month.
Ribbon Communications Inc’s market cap currently stands at around $564.75 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-28.
Analysts have a consensus estimate of 211.97M for the company’s revenue for the quarter, with a low and high estimate of 206.71M and 216.1M respectively. The average forecast suggests up to a 10.05% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 877.99M, representing a 5.29% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that RBBN is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend RBBN as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
RBBN’s current price about -8.94% and -18.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.10, while 7-day volatility ratio is 4.90% and 6.17% in the 30-day chart. Further, Ribbon Communications Inc (RBBN) has a beta value of 1.34, and an average true range (ATR) of 0.23. Analysts have given the company’s stock an average 52-week price target of $6, forecast between a low of $5 and high of $6. Looking at the price targets, the low is -55.76% off current price level while to achieve the yearly target high, price needs to move -86.92%. Nonetheless, investors will most likely welcome a -86.92% jump to $6 which is the analysts’ median price.
If we refocus on Ribbon Communications Inc (NASDAQ:RBBN), historical trading data shows that trading volumes averaged 0.49 over the past 10 days and 603.84K over the past 3 months. The company’s latest data on shares outstanding shows there are 175.93 million shares.
The 18.20% of Ribbon Communications Inc’s shares are in the hands of company insiders while institutional holders own 72.02% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.18 million on 2025-04-15, giving us a short ratio of 4.47. The data shows that as of 2025-04-15 short interest in Ribbon Communications Inc (RBBN) stood at 235.0 of shares outstanding, with shares short rising to 2.01 million registered in 2025-03-14. Current price change has pushed the stock -22.84% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the RBBN stock continues to rise going into the next quarter.
