After finishing at $5.10 in the prior trading day, Infinera Corp. (NASDAQ: INFN) closed at $4.79, down -6.08%. On the day, 4143233 shares were traded.
Ratios:
Our goal is to gain a better understanding of INFN by taking a closer look at 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Stifel on September 28, 2023, initiated with a Buy rating and assigned the stock a 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. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.67 while its Price-to-Book (P/B) ratio in mrq is 6.06.
Stock Price History:
Over the past 52 weeks, INFN has reached a high of $7.14, while it has fallen to a 52-week low of $2.82.
Shares Statistics:
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 97.91% stake in the company.
Earnings Estimates
Its stock is currently analyzed by Horizon Kinetics Inflation Bene different market analysts. The consensus estimate for the next quarter is $38.48, with high estimates of $17.72 and low estimates of $4.79.
Analysts are recommending an EPS of between $Technology and $Technology for the fiscal current year, implying an average EPS of $Technology.
