Currently, there are 226.92M common shares owned by the public and among those 223.75M shares have been available to trade.
Insiders at the company have transacted a total of 88 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 52 of these insider trades were purchases, accounting for 1,007,513 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 361,306 shares.
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However, the script later moved the day high at 5.1200, down -8.82%. The company’s stock has a 5-day price change of -7.07% and 21.80% over the past three months. INFN shares are trading 2.32% year to date (YTD), with the 12-month market performance down to -32.41% lower. It has a 12-month low price of $2.82 and touched a high of $7.80 over the same period. INFN has an average intraday trading volume of 1.95 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.54%, 1.34%, and 9.39% respectively.
Institutional ownership of Infinera Corp. (NASDAQ: INFN) shares accounts for 101.69% of the company’s 226.92M shares outstanding.
It has a market capitalization of $1.10B and a beta (3y monthly) value of 1.57. The earnings-per-share (ttm) stands at -$0.05. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.02% over the week and 4.23% over the month.
Earnings per share for the fiscal year are expected to increase by 39.99%, and 97.85% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 23.26% over the past 5-year period.
Looking at the support for the INFN, a number of firms have released research notes about the stock. Stifel stated their Buy rating for the stock in a research note on September 28, 2023, with the firm’s price target at $7.
