Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
As of close of business last night, Infinera Corp.’s stock clocked out at $5.01, down -1.76% from its previous closing price of $5.10. In other words, the price has decreased by -$1.76 from its previous closing price. On the day, 2.3 million shares were traded. INFN stock price reached its highest trading level at $5.22 during the session, while it also had its lowest trading level at $4.97.
Ratios:
To gain a deeper understanding of INFN’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.69. In the meantime, Its Debt-to-Equity ratio is 4.09 whereas as Long-Term Debt/Eq ratio is at 3.88.
On September 28, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $7.
Insider Transactions:
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 Aug 17 ’23 when Fernicola Michael H bought 4,000 shares for $4.00 per share. The transaction valued at 16,000 led to the insider holds 111,558 shares of the business.
Fernicola Michael H bought 6,500 shares of INFN for $25,350 on Aug 16 ’23. The Chief Accounting Officer now owns 107,558 shares after completing the transaction at $3.90 per share. On May 22 ’23, another insider, HEARD DAVID W, who serves as the Chief Executive Officer of the company, bought 6,000 shares for $4.95 each. As a result, the insider paid 29,686 and bolstered with 744,943 shares of the company.
Valuation Measures:
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 1180255872 and an Enterprise Value of 1774764160. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 6.34. Its current Enterprise Value per Revenue stands at 1.078 whereas that against EBITDA is 20.258.
Stock Price History:
The Beta on a monthly basis for INFN is 1.62, which has changed by -0.14650768 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, INFN has reached a high of $6.62, while it has fallen to a 52-week low of $2.82. The 50-Day Moving Average of the stock is -2.34%, while the 200-Day Moving Average is calculated to be 11.72%.
Shares Statistics:
It appears that INFN traded 3.52M shares on average per day over the past three months and 2169060 shares per day over the past ten days. A total of 231.42M shares are outstanding, with a floating share count of 228.05M. Insiders hold about 1.46% of the company’s shares, while institutions hold 98.31% stake in the company. Shares short for INFN as of 1713139200 were 47731706 with a Short Ratio of 13.55, compared to 1710460800 on 45830752. Therefore, it implies a Short% of Shares Outstanding of 47731706 and a Short% of Float of 27.92.
Earnings Estimates
Infinera Corp. (INFN) is presently subject to a detailed evaluation by 9.0 analysts, each offering their unique perspectives on its market standing.On average, analysts expect EPS of $0.1 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.08, while EPS last year was $0.16. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.1 and low estimates of -$0.14.
Analysts are recommending an EPS of between $0.22 and $0.18 for the fiscal current year, implying an average EPS of $0.2. EPS for the following year is $0.23, with 10.0 analysts recommending between $0.26 and $0.15.
Revenue Estimates
In the current quarter, 8 analysts expect revenue to total $443.63M. It ranges from a high estimate of $445.89M to a low estimate of $442.7M. As of the current estimate, Infinera Corp.’s year-ago sales were $485.94MFor the next quarter, 8 analysts are estimating revenue of $336.99M. There is a high estimate of $344M for the next quarter, whereas the lowest estimate is $332.5M.
A total of 9 analysts have provided revenue estimates for INFN’s current fiscal year. The highest revenue estimate was $1.61B, while the lowest revenue estimate was $1.6B, resulting in an average revenue estimate of $1.6B. In the same quarter a year ago, actual revenue was $1.57BBased on 10 analysts’ estimates, the company’s revenue will be $1.64B in the next fiscal year. The high estimate is $1.69B and the low estimate is $1.6B.
