Infinera Corp. (INFN) concluded trading on Tuesday at a closing price of $5.16, with 6.25 million shares of worth about $32.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.02% during that period and on June 18, 2024 the price saw a loss of about -2.82%. Currently the company’s common shares owned by public are about 230.99M shares, out of which, 230.67M shares are available for trading.
Stock saw a price change of -4.27% in past 5 days and over the past one month there was a price change of -1.90%. Year-to-date (YTD), INFN shares are showing a performance of 8.63% which increased to 1.78% 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 $6.62 during that period. The average intraday trading volume for Infinera Corp. shares is 3.13 million. The stock is currently trading -5.02% below its 20-day simple moving average (SMA20), while that difference is down -1.01% for SMA50 and it goes to 10.59% higher than SMA200.
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Infinera Corp. (NASDAQ: INFN) currently have 230.99M outstanding shares and institutions hold larger chunk of about 101.72% of that.
The stock has a current market capitalization of $1.21B and its 3Y-monthly beta is at 1.62. It has posted earnings per share of -$0.34 in the same period. It has Quick Ratio of 0.97 while making debt-to-equity ratio of 4.60. 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 4.82% while standing at 4.55% over the month.
Stock’s fiscal year EPS is expected to drop by -85.00% while it is estimated to increase by 1135.69% in next year. EPS is likely to shrink at an annualized rate of 20.00% for next 5-years, compared to annual growth of 39.38% 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 Needham on April 22, 2024 offering a Buy rating for the stock and assigned a target price of $10 to it. Coverage by Stifel stated Infinera Corp. (INFN) stock as a Buy in their note to investors on September 28, 2023, suggesting a price target of $7 for the stock. On August 11, 2023, Jefferies Upgrade their recommendations, while on August 04, 2022, MKM Partners Resumed their ratings for the stock with a price target of $9. Stock get a Buy rating from Rosenblatt on March 24, 2022.
