AUDC Stock Summary and Trading Ideas (Audiocodes Ltd. - | NASDAQ:AUDC)

AudioCodes Ltd develops and sells advanced and converged voice over IP and data networking solutions, products and applications to service providers and channels, OEMs, network equipment providers and system integrators. Its products include IP phones, session border controllers, voice applications, multi-service business routers, digital and analog media gateways, among others. The company generates revenues from the sale of products through a direct sales force and sales representatives. Its geographic segments are Israel, Americas, Europe, and the Far East. It derives a majority of the revenues from Americas segment.

Audiocodes Ltd. - trades on the NASDAQ stock market under the symbol AUDC.

As of April 17, 2024, AUDC stock price declined to $10.59 with 16,450 million shares trading.

AUDC has a beta of 2.49, meaning it tends to be more sensitive to market movements. AUDC has a correlation of 0.23 to the broad based SPY ETF.

AUDC has a market cap of $321.13 million. This is considered a Small Cap stock.

Last quarter Audiocodes Ltd. - reported $64 million in Revenue and $.28 earnings per share. This beat revenue expectation by $69,000 and exceeded earnings estimates by $.05.

In the last 3 years, AUDC stock traded as high as $37.35 and as low as $7.14.

The top ETF exchange traded funds that AUDC belongs to (by Net Assets): IZRL, OSCV, DLS, ITEQ, DFIS.

AUDC has underperformed the market in the last year with a price return of -0.5% while the SPY ETF gained +23.0%. AUDC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.4% and -16.4%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

AUDC support price is $10.57 and resistance is $11.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AUDC stock will trade within this expected range on the day.