Analyzing Ratios: Extreme Networks Inc. (EXTR)’s Financial Story Unveiled

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The price of Extreme Networks Inc. (NASDAQ: EXTR) closed at $12.98 in the last session, down -1.14% from day before closing price of $13.13. In other words, the price has decreased by -$1.14 from its previous closing price. On the day, 1.2 million shares were traded. EXTR stock price reached its highest trading level at $13.26 during the session, while it also had its lowest trading level at $12.785.

Ratios:

We take a closer look at EXTR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.61 and its Current Ratio is at 0.96. In the meantime, Its Debt-to-Equity ratio is 3.73 whereas as Long-Term Debt/Eq ratio is at 3.43.

On May 02, 2024, Rosenblatt Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $15 to $17.

B. Riley Securities Upgraded its Neutral to Buy on April 15, 2024, while the target price for the stock was maintained at $14.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 09 ’24 when MEYERCORD EDWARD sold 50,000 shares for $10.63 per share. The transaction valued at 531,370 led to the insider holds 1,119,724 shares of the business.

MEYERCORD EDWARD sold 28,443 shares of EXTR for $376,602 on Feb 01 ’24. The PRESIDENT AND CEO now owns 1,129,611 shares after completing the transaction at $13.24 per share. On Dec 01 ’23, another insider, MEYERCORD EDWARD, who serves as the PRESIDENT AND CEO of the company, sold 28,443 shares for $16.32 each. As a result, the insider received 464,164 and left with 1,129,611 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, EXTR now has a Market Capitalization of 1706208000 and an Enterprise Value of 1777872896. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 25.95. Its current Enterprise Value per Revenue stands at 1.452 whereas that against EBITDA is 23.718.

Stock Price History:

The Beta on a monthly basis for EXTR is 1.79, which has changed by -0.5030628 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, EXTR has reached a high of $32.73, while it has fallen to a 52-week low of $10.49. The 50-Day Moving Average of the stock is 11.69%, while the 200-Day Moving Average is calculated to be -14.86%.

Shares Statistics:

According to the various share statistics, EXTR traded on average about 2.36M shares per day over the past 3-months and 3992710 shares per day over the past 10 days. A total of 127.78M shares are outstanding, with a floating share count of 126.38M. Insiders hold about 2.75% of the company’s shares, while institutions hold 93.50% stake in the company. Shares short for EXTR as of 1718323200 were 13797207 with a Short Ratio of 5.84, compared to 1715731200 on 12986927. Therefore, it implies a Short% of Shares Outstanding of 13797207 and a Short% of Float of 14.430000000000001.

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