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After finishing at $5.94 in the prior trading day, Infinera Corp. (NASDAQ: INFN) closed at $5.43, down -8.59%. In other words, the price has decreased by -$8.59 from its previous closing price. On the day, 2.85 million shares were traded. INFN stock price reached its highest trading level at $5.9 during the session, while it also had its lowest trading level at $5.37.
Ratios:
Our goal is to gain a better understanding of INFN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.65 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.14. 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 1272194688 and an Enterprise Value of 1827795456. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.83 while its Price-to-Book (P/B) ratio in mrq is 7.80. Its current Enterprise Value per Revenue stands at 1.195 whereas that against EBITDA is 47.279.
Stock Price History:
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 2.66%, while the 200-Day Moving Average is calculated to be 18.06%.
Shares Statistics:
The stock has traded on average 3.62M shares per day over the past 3-months and 2379980 shares per day over the last 10 days, according to various share statistics. A total of 230.99M shares are outstanding, with a floating share count of 230.66M. Insiders hold about 1.55% of the company’s shares, while institutions hold 101.72% stake in the company. Shares short for INFN as of 1715731200 were 50201209 with a Short Ratio of 13.86, compared to 1713139200 on 47731706. Therefore, it implies a Short% of Shares Outstanding of 50201209 and a Short% of Float of 34.13.
