Infinera Corporation (NASDAQ:INFN) saw a downside of -3.93% to $7.47 after subtracting -$0.3 on Tuesday. The 5-day average trading volume is 1,709,413 shares of the company’s common stock. It has gained $7.77 in the past week and touched a new high 2 times within the past 5 days. An average of 1,697,278 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,881,927.
INFN’s 1-month performance is 16.32% or $0.94 on its low of $6.43 reached on 12/28/22. The company’s shares have touched a 52-week low of $4.26 and high of $9.25, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, INFN has achieved 15.28% or $0.72 and has reached a new high 6 times. However, the current price is down -19.30% from the 52-week high price.
INFN stock investors last saw insider trading activity on Jun 10.MILBURY PAUL J (Director) most recently sold 21,607 shares at $8.00 per share on May 03. This transaction cost the insider $172,856. Director, Welch David F, sold 200,000 shares at a price of $9.14 on Feb 28. Then, on Feb 25, Director Welch David F sold 200,000 shares at a price of $9.12 per share. This transaction amounted to $1,825,000.
INFN stock has a beta of 1.22. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.12 while the price-to-book (PB) in the most recent quarter is 14.94.
Infinera Corporation’s quick ratio for the period ended September 29 was 1.10, with the current ratio over the same period at 1.70. As well, the company’s long term debt to equity for the quarter ending September 29 was 5.84, while the total debt to equity was 5.85. In terms of profitability, the gross margin trailing 12 months is 33.50%. The firm’s gross profit as reported stood at $497.97 million against revenue of $1.43 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -350.88% to -$11.93 million, while revenue of -$55.72 million was -367.06% off the previous quarter. Analysts expected INFN to announce $0.01 per share in earnings in its latest quarter, but it posted $0.05, representing a 400.00% surprise. EBITDA for the quarter stood at more than $13.14 million. INFN stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.39 billion, with total debt at $728.47 million. Shareholders hold equity totaling $219.74 million.
Let’s look briefly at Infinera Corporation (INFN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 61.07% to suggest the stock is trending Neutral, with historical volatility in this time period at 47.02%.
The stock’s 5-day moving average is $7.39, reflecting a +0.88% or $0.07 change from its current price. INFN is currently trading +13.64% above its 20-day SMA, +30.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.96% and SMA200 by-7.85%.
Stochastic %K and %D was 84.14% and 78.94% and the average true range (ATR) pointed at 0.30. The RSI (14) points at 60.91%, while the 14-day stochastic is at 71.62% with the period’s ATR at 0.29. The stock’s 9-day MACD Oscillator is pointing at 0.24 and 0.35 on the 14-day charts.
Analysts offering their rating for INFN stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate INFN as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is INFN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.00 and a high of $15.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Infinera Corporation (INFN) stock is $8.27.