As of close of business last night, Infinera Corporation’s stock clocked out at $4.72, down -1.46% from its previous closing price of $4.79. In other words, the price has decreased by -$0.0700 from its previous closing price. On the day, 2396146 shares were traded. INFN stock price reached its highest trading level at $4.8950 during the session, while it also had its lowest trading level at $4.6950.
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To gain a deeper understanding of INFN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 3.59 whereas as Long-Term Debt/Eq ratio is at 3.55.
Upgrades & Downgrades
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 22 when HEARD DAVID W bought 6,000 shares for $4.95 per share. The transaction valued at 29,686 led to the insider holds 744,943 shares of the business.
RIEDEL GEORGE ANDREW bought 10,000 shares of INFN for $52,798 on Jun 10. The Director now owns 82,451 shares after completing the transaction at $5.28 per share.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, INFN now has a Market Capitalization of 1.22B and an Enterprise Value of 1.77B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 5.62. Its current Enterprise Value per Revenue stands at 1.09 whereas that against EBITDA is 20.84.
Stock Price History:
Over the past 52 weeks, INFN has reached a high of $7.80, while it has fallen to a 52-week low of $4.26. The 50-Day Moving Average of the stock is 6.3322, while the 200-Day Moving Average is calculated to be 6.2698.
It appears that INFN traded 2.65M shares on average per day over the past three months and 2.82M shares per day over the past ten days. A total of 222.39M shares are outstanding, with a floating share count of 216.81M. Insiders hold about 0.60% of the company’s shares, while institutions hold 102.14% stake in the company. Shares short for INFN as of May 14, 2023 were 38.03M with a Short Ratio of 38.03M, compared to 39.2M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 16.85% and a Short% of Float of 23.03%.
As of right now, 9 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.03 for the current quarter, with a high estimate of $0.01 and a low estimate of -$0.04, while EPS last year was -$0.05. The consensus estimate for the next quarter is $0.06, with high estimates of $0.09 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.27 and $0.2 for the fiscal current year, implying an average EPS of $0.23. EPS for the following year is $0.46, with 6 analysts recommending between $0.54 and $0.35.
In the current quarter, 8 analysts expect revenue to total $375.97M. It ranges from a high estimate of $385M to a low estimate of $371.62M. As of the current estimate, Infinera Corporation’s year-ago sales were $357.99M, an estimated increase of 5.00% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $427.42M, an increase of 9.50% over than the figure of $5.00% in the same quarter last year. There is a high estimate of $442M for the next quarter, whereas the lowest estimate is $419M.
A total of 9 analysts have provided revenue estimates for INFN’s current fiscal year. The highest revenue estimate was $1.7B, while the lowest revenue estimate was $1.67B, resulting in an average revenue estimate of $1.69B. In the same quarter a year ago, actual revenue was $1.57B, up 7.30% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.82B in the next fiscal year. The high estimate is $1.87B and the low estimate is $1.74B. The average revenue growth estimate for next year is up 8.10% from the average revenue estimate for this year.