Currently, there are 235.12M common shares owned by the public and among those 231.47M shares have been available to trade.
The company’s stock has a 5-day price change of 0.00% and 27.77% over the past three months. INFN shares are trading 28.84% year to date (YTD), with the 12-month market performance up to 20.95% higher. It has a 12-month low price of $2.82 and touched a high of $6.62 over the same period. INFN has an average intraday trading volume of 4.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.14%, 11.60%, and 27.73% respectively.
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Institutional ownership of Infinera Corp. (NASDAQ: INFN) shares accounts for 101.72% of the company’s 235.12M shares outstanding.
It has a market capitalization of $1.44B and a beta (3y monthly) value of 1.63. The earnings-per-share (ttm) stands at -$0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.67% over the week and 2.97% over the month.
Earnings per share for the fiscal year are expected to decrease by -84.97%, and 1132.04% over the next financial year. EPS should shrink at an annualized rate of 20.00% over the next five years, compared to 39.38% over the past 5-year period.
Looking at the support for the INFN, a number of firms have released research notes about the stock. Needham stated their Buy rating for the stock in a research note on April 22, 2024, with the firm’s price target at $10. Stifel coverage for the Infinera Corp. (INFN) stock in a research note released on September 28, 2023 offered a Buy rating with a price target of $7. Jefferies was of a view on August 11, 2023 that the stock is Hold, while MKM Partners gave the stock Buy rating on August 04, 2022, issuing a price target of $9. Rosenblatt on their part issued Buy rating on March 24, 2022.
