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In the latest session, Infinera Corp (NASDAQ: INFN) closed at $6.65 down -0.75% from its previous closing price of $6.70. In other words, the price has decreased by -$0.75 from its previous closing price. On the day, 1.08 million shares were traded. INFN stock price reached its highest trading level at $6.725 during the session, while it also had its lowest trading level at $6.635.
Ratios:
For a deeper understanding of Infinera Corp’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 78.27. For the most recent quarter (mrq), Quick Ratio is recorded 0.97 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 5.53 whereas as Long-Term Debt/Eq ratio is at 5.35.
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 the company, Rosenblatt on August 05, 2024, Downgraded its rating to Neutral and sets its target price to $6.65 from $8 previously.
On September 28, 2023, Stifel started tracking the stock assigning a Buy rating and target price of $7.Stifel initiated its Buy rating on September 28, 2023, with a $7 target price.
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 1574733312 and an Enterprise Value of 2198758400. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08 while its Price-to-Book (P/B) ratio in mrq is 11.74. Its current Enterprise Value per Revenue stands at 1.509 whereas that against EBITDA is 142.508.
Stock Price History:
Over the past 52 weeks, INFN has reached a high of $6.92, while it has fallen to a 52-week low of $2.98. The 50-Day Moving Average of the stock is 0.20%, while the 200-Day Moving Average is calculated to be 16.05%.
Shares Statistics:
For the past three months, INFN has traded an average of 7.29M shares per day and 986960 over the past ten days. A total of 235.77M shares are outstanding, with a floating share count of 231.65M. Insiders hold about 1.75% of the company’s shares, while institutions hold 103.15% stake in the company. Shares short for INFN as of 1728950400 were 29317386 with a Short Ratio of 4.02, compared to 1726185600 on 33556160. Therefore, it implies a Short% of Shares Outstanding of 29317386 and a Short% of Float of 19.780001.
