Audiocodes Stock Buy Hold or Sell Recommendation

AUDC
 Stock
  

USD 23.03  0.41  1.75%   

Given the investment horizon of 90 days and your above-average risk tolerance, our recommendation regarding Audiocodes is 'Strong Hold'. Macroaxis provides Audiocodes buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding AUDC positions. The advice algorithm takes into account all of Audiocodes' available fundamental, technical, and predictive indicators you will find on this site.
  
The advice is provided from Audiocodes' buy-and-hold perspective. Please continue to Audiocodes Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. We conduct extensive research on individual companies such as Audiocodes and provide practical buy, sell, or hold advice based on selected investing horizon and risk tolerance towards Audiocodes.

Execute Audiocodes Buy or Sell Advice

The Audiocodes recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Audiocodes. Macroaxis does not own or have any residual interests in Audiocodes or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Audiocodes' advice using the current market data and latest reported fundamentals.

Time Horizon

Risk Tolerance

Execute Advice
Sell AudiocodesBuy Audiocodes
Strong Hold

Volatility

Details

Hype Condition

Details

Current Valuation

Details

Odds of Distress

Details

Economic Sensitivity

Details

Analyst Consensus

Details

Financial Strenth (F Score)

Details

Financial Leverage

Inapplicable
Details

Reporting Quality (M-Score)

Details
For the selected time horizon Audiocodes has a Risk Adjusted Performance of 0.1089, Jensen Alpha of 0.0884, Total Risk Alpha of 0.0388, Sortino Ratio of 0.0422 and Treynor Ratio of 0.1464
Our investment recommendation module complements current analysts and expert consensus on Audiocodes. It analyzes the firm potential to grow using all fundamental, technical, and market related data available at the time. To make sure Audiocodes is not overpriced, please confirm all Audiocodes fundamentals, including its current valuation, price to book, cash and equivalents, as well as the relationship between the shares owned by institutions and gross profit . Given that Audiocodes has a price to earning of 22.20 X, we suggest you to validate Audiocodes market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Audiocodes Trading Alerts and Improvement Suggestions

Audiocodes has a strong financial position based on the latest SEC filings
About 25.0% of the company shares are held by company insiders
Latest headline from www.marketscreener.com: AudioCodes Notice of and Proxy Statement for the Annual General Meeting of Shareholders, dated August 10, 2022 - Form 6-K - Marketscreener.com

Audiocodes Returns Distribution Density

The distribution of Audiocodes' historical returns is an attempt to chart the uncertainty of Audiocodes' future price movements. The chart of the probability distribution of Audiocodes stock daily returns describes the distribution of returns around its average expected value. We use Audiocodes price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Audiocodes returns is essential to provide solid investment advice for Audiocodes.
Mean Return0.20Value At Risk-3.25
Potential Upside4.15Standard Deviation2.40
   Return Density   
       Distribution  
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Audiocodes historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.

Audiocodes Cash Flow Accounts

201720182019202020212022 (projected)
Capital Expenditure(1.57 M)(1.34 M)(1.95 M)(1.53 M)(1.17 M)(1.27 M)
Depreciation Amortization and Accretion2.44 M2.31 M2.04 M2.27 M2.43 M2.42 M
Net Cash Flow or Change in Cash and Cash Equivalents(109 K)7.27 M38.27 M(23.74 M)38.49 M41.53 M
Issuance Purchase of Equity Shares(22.77 M)(8.8 M)(4.9 M)88.03 M(39.41 M)(40.45 M)
Issuance Repayment of Debt Securities(3.5 M)(2.51 M)(2.47 M)(2.5 M)(1.2 M)(1.29 M)
Net Cash Flow from Financing(26.28 M)(17.22 M)(14.5 M)77.09 M(51.48 M)(52.83 M)
Net Cash Flow from Investing8.4 M(1.09 M)29.6 M(139.31 M)42.62 M45.99 M
Net Cash Flow Investment Acquisitions and Disposals9.98 M248 K31.55 M(137.78 M)46.6 M50.28 M
Net Cash Flow from Operations17.77 M25.58 M23.17 M38.48 M47.34 M51.08 M
Share Based Compensation2.31 M3.29 M5.29 M8.77 M14.16 M15.28 M

Audiocodes Greeks

Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Audiocodes or Technology sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Audiocodes' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Audiocodes stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α
Alpha over DOW
0.09
β
Beta against DOW1.31
σ
Overall volatility
2.32
Ir
Information ratio 0.0471

Audiocodes Volatility Alert

Audiocodes currently demonstrates below-average downside deviation. It has Information Ratio of 0.05 and Jensen Alpha of 0.09. However, we advise investors to further question Audiocodes expected returns to ensure all indicators are consistent with the current outlook about its relatively low value at risk. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Audiocodes' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Audiocodes' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Audiocodes Implied Volatility

Audiocodes' implied volatility exposes the market's sentiment of Audiocodes stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Audiocodes' implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Audiocodes stock will not fluctuate a lot when Audiocodes' options are near their expiration.

Audiocodes Fundamentals Vs Peers

Comparing Audiocodes' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Audiocodes' direct or indirect competition across all of the common fundamentals between Audiocodes and the related equities. This way, we can detect undervalued stocks with similar characteristics as Audiocodes or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Audiocodes' fundamental indicators could also be used in its relative valuation, which is a method of valuing Audiocodes by comparing valuation metrics with those of similar companies.
    
 Better Than Average     
    
 Worse Than Average Compare Audiocodes to competition
FundamentalsAudiocodesPeer Average
Return On Equity16.48 %(0.31) %
Return On Asset6.99 %(0.14) %
Profit Margin12.62 %(1.27) %
Operating Margin15.62 %(5.51) %
Current Valuation754.99 M16.62 B
Shares Outstanding32.3 M571.82 M
Shares Owned by Insiders25.00 %10.09 %
Shares Owned by Institutions40.56 %39.21 %
Number of Shares Shorted85.54 K4.71 M
Price to Earning22.20 X28.72 X
Price to Book3.66 X9.51 X
Price to Sales2.94 X11.42 X
Revenue256.44 M9.43 B
Gross Profit170.89 M27.38 B
EBITDA40.07 M3.9 B
Net Income32.37 M570.98 M
Cash and Equivalents43.95 M2.7 B
Cash per Share1.36 X5.01 X
Total Debt15.74 M5.32 B
Debt to Equity0.08 %48.70 %
Current Ratio1.44 X2.16 X
Book Value Per Share6.24 X1.93 K
Cash Flow from Operations35.26 M971.22 M
Short Ratio1.56 X4.00 X
Earnings Per Share1.03 X3.12 X
Price to Earnings To Growth1.03 X4.89 X
Number of Employees88518.84 K
Beta0.64-0.15
Market Capitalization753.74 M19.03 B
Total Asset189.82 M29.47 B
Retained Earnings(37.98 M)9.33 B
Working Capital30.38 M1.48 B
Current Asset73.85 M9.34 B

Audiocodes Market Momentum

Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Audiocodes . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.

About Audiocodes Buy or Sell Advice

When is the right time to buy or sell Audiocodes? Buying financial instruments such as Audiocodes Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.
 2019 2020 2021 2022 (projected)
Current Assets132.59 M203.64 M167.55 M151.81 M
Total Assets244.32 M358.12 M349.36 M310.83 M

Use Investing Ideas to Build Portfolios

In addition to having Audiocodes in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Run Tech Growth Thematic Idea Now

Tech Growth
Tech Growth Theme
Instruments that are typically traded at high earnings multiples compared to their competitors and other sectors and have been known to drive market cycles frequently. The Tech Growth theme has 65 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Tech Growth Theme or any other thematic opportunities.
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Please continue to Audiocodes Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Audiocodes information on this page should be used as a complementary analysis to other Audiocodes' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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Is Audiocodes' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Audiocodes. If investors know Audiocodes will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Audiocodes listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.13
Market Capitalization
744.8 M
Quarterly Revenue Growth YOY
0.13
Return On Assets
0.0651
Return On Equity
0.16
The market value of Audiocodes is measured differently than its book value, which is the value of Audiocodes that is recorded on the company's balance sheet. Investors also form their own opinion of Audiocodes' value that differs from its market value or its book value, called intrinsic value, which is Audiocodes' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Audiocodes' market value can be influenced by many factors that don't directly affect Audiocodes' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Audiocodes' value and its price as these two are different measures arrived at by different means. Investors typically determine Audiocodes value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Audiocodes' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.