How Should Investors View Infinera Corporation (INFN) Insider Trading?

As of Friday close, Infinera Corporation’s (NASDAQ:INFN) stock was up $0.33, moving up 5.87 percent to $5.95. The average number of shares traded per day over the past five days has been 2,503,440 shares. 1 time new highs have been achieved over the past 5 days, with a $0.03 gain in that time frame. In the last twenty days, the average volume was 2,696,455, while in the previous 50 days, it was 2,347,756.


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Since last month, INFN stock retreated -24.49%. Shares of the company fell to $5.44 on 05/12/22, the lowest level in the past month. A 52-week high of $10.89 was reached on 01/04/22 after having rallying from a 52-week low of $5.44. Since the beginning of this year, INFN’s stock price has dropped by -37.96% or -$3.64, and marked a new high 2 times. However, the stock has declined by -45.36% since its 52-week high.

Infinera Corporation (INFN) last reported insider trading activity 8 days ago on May 06. HEARD DAVID W, the Chief Executive Officer of the company, purchased of 20,000 shares for $5.92 on May 06. It resulted in a $118,388 investment by the insider. MILBURY PAUL J sold 21,607 shares at an average price of $8.00 on May 03. The insider now owns 100,000 shares following the transaction. On Feb 28, Director Welch David F sold 200,000 shares at $9.14 apiece. The transaction was valued at $1,827,580.

Valuation Metrics

The stock’s beta is 1.04. Besides these, the trailing price-to-sales (P/S) ratio of 0.96, the price-to-book (PB) ratio of 7.44.

Financial Health

In the three months ended March 30, Infinera Corporation’s quick ratio stood at 1.10, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 3.53, and the total debt-to-equity ratio was 3.54. On the profitability front, the trailing twelve-month gross margin is 34.50% percent. In the year ended March 30, operating margins totaled -7.00%. Based on annual data, INFN earned $497.97 million in gross profit and brought in $1.43 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -12.40%. Return on equity (ROE) for the past 12 months was -54.30%.

In Infinera Corporation’s quarter-end financial report for March 30, it reported total debt of $599.47 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. INFN’s revenue rose 2.35% to $400.26 million during the quarter, while net income inched up to $338.87 million. While analysts expected Infinera Corporation to report -$0.04 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by -75.00%. During the quarter, the company generated -$13.86 million in EBITDA. The liabilities of Infinera Corporation were 1.33 billion at the end of its most recent quarter ended March 30, and its total debt was $550.39 million. The value of shareholders’ equity is $215.19 million.

Technical Picture

This quick technical analysis looks at Infinera Corporation’s (INFN) price momentum. With a historical volatility rate of 85.97%, the RSI 9-day stood at 31.18% on 13 May.

With respect to its five-day moving average, the current Infinera Corporation price is up by +0.51% percent or $0.03. At present, INFN shares trade -22.02% below its 20-day simple moving average and -35.68% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.62% below its SMA50 and -39.90% below its SMA200.

Stochastic coefficient K was 9.03% and Stochastic coefficient D was 5.57%, while ATR was 0.40. Given the Stochastic reading of 19.03% for the 14-day period, the RSI (14) reading has been calculated as 31.44%. As of today, the MACD Oscillator reading stands at -0.45, while the 14-day reading stands at -1.03.

Analyst Ratings

Rosenblatt launched its rating on Infinera Corporation (NASDAQ: INFN) to a Buy in a note to investors on March 24, 2022. Infinera Corporation (INFN) has been rated Hold by analysts. According to 2 brokerage firms, INFN is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Infinera Corporation stock as buy, with 5 recommending it as overweight.

With a median target price of $9.00, the current consensus forecast for the stock is $5.50 – $15.00. Based on these forecasts, analysts predict Infinera Corporation (INFN) will achieve an average price target of $9.14.

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