The stock of Infinera Corporation (NASDAQ:INFN) increased by $0.04 on Tuesday to $4.30, up 0.94 percent. The last five days have seen an average of 3,691,270 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$2.46. The average number of shares traded over the last 20 days was 2,836,267, while the average volume over the last 50 days totaled 2,793,953.
INFN stock dropped -7.53% since last month. On 08/09/23, the company’s shares reached a one-month low of $3.62. The stock touched a high of $7.80 on 03/31/23, after rallying from a low of $3.62 in 52 weeks. The price of INFN stock has declined by -36.20% or -$2.46 this year, reaching a new high 8 times. Still, the stock price is down -44.87% from the 52-week high.
Insider Transactions
INFN stock investors should be aware that Infinera Corporation (INFN) stock had its last reported insider trading activity 85 days ago on May 22. On May 22, Chief Executive Officer HEARD DAVID W acquired 6,000 shares at $4.95 each. This transaction resulted in the insider spending $29,686.
Valuation Metrics
Beta for the stock is 1.42. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.59, the price-to-book (PB) ratio of 5.12.
Financial Health
For the three months ended June 29, Infinera Corporation’s quick ratio was 1.00, while its current ratio was 1.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 3.55, and the total debt to equity ratio is 3.59. As far as profitability goes, gross margin for the trailing twelve months is 35.10% percent. Infinera Corporation’s EBITDA margin for the year ended June 29 was 2.76%, whereas its operating margin stood at -2.70% for the same period. Based on annual data, it had gross profit of $535.78 million and revenue of $1.57 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. INFN’s return on assets (ROA) during the last 12 months has been -4.90%. There was a -7.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -51.00%.
Earnings Surprise
According to Infinera Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $375.79 million, while revenues rose by 4.74% to $392.08 million. It was predicted that Infinera Corporation’s quarterly earnings would be $0, but it ended up being -$0.03. EBITDA was $6.77 million for the quarter. At the end of Infinera Corporation’s most recent quarter ended June 29, its liabilities totaled 1.42 billion, while its total debt was $738.45 million. Equity owned by shareholders amounts to $226.92 million.
Technical Picture
Here’s a quick look at Infinera Corporation’s (INFN) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 51.36%, suggesting the stock is Neutral, with a 76.79% historical volatility rate.
The stochastic %K and %D were 52.13% and 44.81% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 54.32%, the RSI (14) reading is 46.67%. On the 9-day MACD Oscillator, the stock is at 0.22, and the 14-day reading is at 0.07.
Analyst Ratings
In its most recent analyst report, Jefferies raised its rating on Infinera Corporation (NASDAQ: INFN) to a Hold. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Infinera Corporation (INFN) an Overweight rating. INFN is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is INFN’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $12.00, with a median target price of $5.50. In analyzing these forecasts, the average price target given by analysts for Infinera Corporation (INFN) is $6.70.
