Infinera Corp. (INFN) concluded trading on 01/11/24 at a closing price of $4.85, with 4.92 million shares of worth about $23.88 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.15% during that period and on Thursday the price saw a gain of about 5.90%. Currently the company’s common shares owned by public are about 226.92M shares, out of which, 223.75M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 10 analysts are covering the INFN stock and their offered price forecasts bring an average price target of $6.82. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $12.00 and could fall to a lowest price of $4.00. The stock’s current price level is 28.89% above of average price target set by the analysts, while a rise to estimated low would result in loss of -21.25% for the stock. However, touching the estimated high of $12.00 would mean a gain of 59.58% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 90 times over the past 12 months. They bought 1,011,438 shares in 53 of the transactions. In 37 selling transactions, insiders dumped 363,059 shares.
Infinera Corp. (NASDAQ: INFN) started trading at $4.77, above $0.19 from concluding price of the previous day. However, the stock later moved at a day high price of 5.1212, or with a gain of 5.90%. Stock saw a price change of 13.05% in past 5 days and over the past one month there was a price change of 7.30%. Year-to-date (YTD), INFN shares are showing a performance of 2.11% which decreased to -31.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.82 but also hit the highest price of $7.80 during that period. The average intraday trading volume for Infinera Corp. shares is 2.64 million. The stock is currently trading 4.56% above its 20-day simple moving average (SMA20), while that difference is up 15.83% for SMA50 and it goes to 4.27% higher than SMA200.
Infinera Corp. (NASDAQ: INFN) currently have 226.92M outstanding shares and institutions hold larger chunk of about 99.49% of that.
The stock has a current market capitalization of $1.10B and its 3Y-monthly beta is at 1.59. It has posted earnings per share of -$0.05 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 4.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for INFN, volatility over the week remained 6.09% while standing at 5.00% over the month.
Stock’s fiscal year EPS is expected to rise by 35.15% while it is estimated to increase by 104.94% in next year. EPS is likely to shrink at an annualized rate of 20.00% for next 5-years, compared to annual growth of 23.26% made by the stock over the past 5-years.
Analysts at 10 brokerage firms have issued recommendations for the Infinera Corp. (INFN)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 10 Wall Street analysts, 5 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Stifel on September 28, 2023 offering a Buy rating for the stock and assigned a target price of $7 to it.
