Market Insights: Extreme Networks Inc (EXTR)’s Notable Gain of 1.84, Closing at 17.72

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As of close of business last night, Extreme Networks Inc’s stock clocked out at $17.72, up 1.84% from its previous closing price of $17.40. In other words, the price has increased by $1.84 from its previous closing price. On the day, 0.69 million shares were traded. EXTR stock price reached its highest trading level at $18.02 during the session, while it also had its lowest trading level at $17.53.

Ratios:

To gain a deeper understanding of EXTR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.63 and its Current Ratio is at 0.91. In the meantime, Its Debt-to-Equity ratio is 7.22 whereas as Long-Term Debt/Eq ratio is at 6.56.

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:

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 Dec 11 ’24 when MOTIEY KATAYOUN sold 37,000 shares for $17.47 per share. The transaction valued at 646,471 led to the insider holds 117,613 shares of the business.

MOTIEY KATAYOUN bought 37,000 shares of EXTR for $646,470 on Dec 11 ’24. On Dec 02 ’24, another insider, MEYERCORD EDWARD, who serves as the PRESIDENT AND CEO of the company, sold 35,725 shares for $17.21 each. As a result, the insider received 614,792 and left with 1,478,941 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 2341432064 and an Enterprise Value of 2375703552. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.27 while its Price-to-Book (P/B) ratio in mrq is 71.51. Its current Enterprise Value per Revenue stands at 2.299 whereas that against EBITDA is -48.363.

Stock Price History:

Over the past 52 weeks, EXTR has reached a high of $19.24, while it has fallen to a 52-week low of $10.49. The 50-Day Moving Average of the stock is 9.54%, while the 200-Day Moving Average is calculated to be 29.80%.

Shares Statistics:

It appears that EXTR traded 1.09M shares on average per day over the past three months and 851420 shares per day over the past ten days. A total of 132.05M shares are outstanding, with a floating share count of 128.24M. Insiders hold about 2.95% of the company’s shares, while institutions hold 91.70% stake in the company. Shares short for EXTR as of 1732838400 were 5131583 with a Short Ratio of 4.72, compared to 1730332800 on 6182661. Therefore, it implies a Short% of Shares Outstanding of 5131583 and a Short% of Float of 4.66.

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