For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Extreme Networks Inc. (NASDAQ: EXTR) closed at $10.96 down -2.14% from its previous closing price of $11.20. In other words, the price has decreased by -$2.14 from its previous closing price. On the day, 3.17 million shares were traded. EXTR stock price reached its highest trading level at $11.36 during the session, while it also had its lowest trading level at $10.94.
Ratios:
For a deeper understanding of Extreme Networks Inc.’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 9.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.98. For the most recent quarter (mrq), Quick Ratio is recorded 0.61 and its Current Ratio is at 0.96. In the meantime, Its Debt-to-Equity ratio is 3.73 whereas as Long-Term Debt/Eq ratio is at 3.43.
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 May 02, 2024, Upgraded its rating to Buy and sets its target price to $17 from $15 previously.
On April 15, 2024, B. Riley Securities Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $14.
UBS Downgraded its Buy to Neutral on February 01, 2024, whereas the target price for the stock was revised from $22 to $14.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 01 ’24 when MEYERCORD EDWARD sold 28,443 shares for $13.24 per share. The transaction valued at 376,602 led to the insider holds 1,129,611 shares of the business.
MEYERCORD EDWARD sold 28,443 shares of EXTR for $464,164 on Dec 01 ’23. The PRESIDENT AND CEO now owns 1,129,611 shares after completing the transaction at $16.32 per share. On Nov 07 ’23, another insider, MEYERCORD EDWARD, who serves as the PRESIDENT AND CEO of the company, sold 28,443 shares for $17.10 each. As a result, the insider received 486,424 and left with 1,090,354 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 1455411328 and an Enterprise Value of 1515378688. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 21.91. Its current Enterprise Value per Revenue stands at 1.238 whereas that against EBITDA is 20.216.
Stock Price History:
Over the past 52 weeks, EXTR has reached a high of $32.73, while it has fallen to a 52-week low of $10.57. The 50-Day Moving Average of the stock is -5.03%, while the 200-Day Moving Average is calculated to be -40.47%.
Shares Statistics:
For the past three months, EXTR has traded an average of 2.10M shares per day and 2860770 over the past ten days. A total of 127.78M shares are outstanding, with a floating share count of 126.36M. Insiders hold about 2.76% of the company’s shares, while institutions hold 89.98% stake in the company. Shares short for EXTR as of 1713139200 were 11749065 with a Short Ratio of 5.59, compared to 1710460800 on 11335292. Therefore, it implies a Short% of Shares Outstanding of 11749065 and a Short% of Float of 12.29.
