Infinera Corp. (INFN) concluded trading on Wednesday at a closing price of $5.47, with 6.06 million shares of worth about $33.17 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 46.65% during that period and on Wednesday February 7 the price saw a gain of about 4.59%. Currently the company’s common shares owned by public are about 226.92M shares, out of which, 223.75M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 88 times over the past 12 months. They bought 1,007,513 shares in 52 of the transactions. In 36 selling transactions, insiders dumped 361,306 shares.
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Stock saw a price change of 10.73% in past 5 days and over the past one month there was a price change of 21.56%. Year-to-date (YTD), INFN shares are showing a performance of 15.16% which decreased to -27.26% 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 2.74 million. The stock is currently trading 9.07% above its 20-day simple moving average (SMA20), while that difference is up 16.62% for SMA50 and it goes to 22.65% higher than SMA200.
Infinera Corp. (NASDAQ: INFN) currently have 226.92M outstanding shares and institutions hold larger chunk of about 99.58% of that.
The stock has a current market capitalization of $1.24B and its 3Y-monthly beta is at 1.57. 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 4.37% while standing at 4.44% over the month.
Analysts are in expectations that Infinera Corp. (INFN) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter EPS is $0.09 and it is $0.33 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.02 which is $0.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 39.99% while it is estimated to increase by 97.85% 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.
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.
