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Infinera Corp. (NASDAQ: INFN) closed the day trading at $6.12 up 0.82% from the previous closing price of $6.07. In other words, the price has increased by $0.82 from its previous closing price. On the day, 7.17 million shares were traded. INFN stock price reached its highest trading level at $6.12 during the session, while it also had its lowest trading level at $6.06.
Ratios:
For a better understanding of INFN, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 65.76. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.65. In the meantime, Its Debt-to-Equity ratio is 4.60 whereas as Long-Term Debt/Eq ratio is at 4.37.
On September 28, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $7.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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.
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 1438964864 and an Enterprise Value of 1977137024. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 8.79. Its current Enterprise Value per Revenue stands at 1.293 whereas that against EBITDA is 51.142.
Stock Price History:
The Beta on a monthly basis for INFN is 1.63, which has changed by 0.2887473 over the last 52 weeks, in comparison to a change of 0.23279357 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 11.60%, while the 200-Day Moving Average is calculated to be 27.73%.
Shares Statistics:
Over the past 3-months, INFN traded about 4.04M shares per day on average, while over the past 10 days, INFN traded about 12277900 shares per day. A total of 235.12M shares are outstanding, with a floating share count of 231.47M. Insiders hold about 1.56% of the company’s shares, while institutions hold 101.72% stake in the company. Shares short for INFN as of 1719532800 were 52871058 with a Short Ratio of 13.10, compared to 1717113600 on 51718005. Therefore, it implies a Short% of Shares Outstanding of 52871058 and a Short% of Float of 35.699999999999996.
