Last Updated: 16 Sep 2024
Executive Summary
Actelis Networks Inc. (ASNS) is a communications equipment company that designs, develops, manufactures, and sells high-speed broadband access solutions. The company's products include Ethernet switches, routers, and gateways that enable service providers to deliver high-speed data, voice, and video services to residential and business customers. Actelis Networks has a market capitalization of $10.17 million and its shares are traded on the NASDAQ exchange.
Company Overview
Actelis Networks was founded in 1999 and is headquartered in Fremont, California. The company has a global presence with sales offices in North America, Europe, and Asia. Actelis Networks' products are used by a variety of service providers, including AT&T, Verizon, and Comcast.
Fundamental Analysis
Actelis Networks' financial performance has been mixed in recent years. The company has reported losses in each of the past three years. However, the company's revenue has grown in each of the past two years. In 2023, Actelis Networks reported revenue of $60.19 million, up 0.81% from the previous year. The company's net loss in 2023 was $5.73 million, compared to a net loss of $6.23 million in 2022.
Actelis Networks' financial ratios are also mixed. The company's price-to-sales ratio of 1.689 is higher than the industry average of 1.34. However, the company's price-to-book ratio of 8.94 is lower than the industry average of 10.23.
Technical Analysis
Actelis Networks' stock price has been volatile in recent months. The stock price hit a 52-week high of $4.60 in January 2023. However, the stock price has since fallen to $1.69. The stock price is currently trading below its 50-day and 200-day moving averages.
Short Term Outlook
The short-term outlook for Actelis Networks is uncertain. The company's financial performance has been mixed and the stock price has been volatile. The stock price is currently trading below its moving averages, which could indicate that the stock is in a downtrend.
Long Term Outlook
The long-term outlook for Actelis Networks is more positive. The company's products are in demand by service providers and the company has a strong global presence. The company's financial performance is expected to improve in the coming years.
Analyst Recommendations
Analysts have a mixed view of Actelis Networks. Some analysts believe that the company is undervalued and has a lot of potential. Other analysts believe that the company is overvalued and that the stock price is likely to continue to decline.
