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As of close of business last night, Infinera Corp.’s stock clocked out at $6.20, up 1.47% from its previous closing price of $6.11. In other words, the price has increased by $1.47 from its previous closing price. On the day, 6.29 million shares were traded. INFN stock price reached its highest trading level at $6.21 during the session, while it also had its lowest trading level at $6.105.
Ratios:
To gain a deeper understanding of INFN’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 66.39. 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:
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.
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 1457774848 and an Enterprise Value of 2007594752. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.95 while its Price-to-Book (P/B) ratio in mrq is 8.90. Its current Enterprise Value per Revenue stands at 1.313 whereas that against EBITDA is 51.93.
Stock Price History:
The Beta on a monthly basis for INFN is 1.64, which has changed by 0.3449024 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, 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 17.23%, while the 200-Day Moving Average is calculated to be 31.52%.
Shares Statistics:
It appears that INFN traded 3.73M shares on average per day over the past three months and 9216670 shares per day over the past ten days. A total of 230.99M shares are outstanding, with a floating share count of 230.67M. Insiders hold about 1.54% of the company’s shares, while institutions hold 101.66% stake in the company. Shares short for INFN as of 1718323200 were 51445642 with a Short Ratio of 13.78, compared to 1715731200 on 50201209. Therefore, it implies a Short% of Shares Outstanding of 51445642 and a Short% of Float of 34.93.
