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The closing price of Infinera Corp. (NASDAQ: INFN) was $5.98 for the day, up 1.36% from the previous closing price of $5.90. In other words, the price has increased by $1.36 from its previous closing price. On the day, 8.79 million shares were traded. INFN stock price reached its highest trading level at $5.98 during the session, while it also had its lowest trading level at $5.89.
Ratios:
Our analysis of INFN’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.35 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.26. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 1406047488 and an Enterprise Value of 1956050944. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.92 while its Price-to-Book (P/B) ratio in mrq is 8.59. Its current Enterprise Value per Revenue stands at 1.279 whereas that against EBITDA is 50.596.
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 6.45%, while the 200-Day Moving Average is calculated to be 22.71%.
Shares Statistics:
INFN traded an average of 4.58M shares per day over the past three months and 6784610 shares per day over the past ten days. A total of 235.12M shares are outstanding, with a floating share count of 231.47M. Insiders hold about 1.56% of the company’s shares, while institutions hold 101.63% stake in the company. Shares short for INFN as of 1721001600 were 45067901 with a Short Ratio of 9.85, compared to 1718323200 on 51445642. Therefore, it implies a Short% of Shares Outstanding of 45067901 and a Short% of Float of 30.43.
