As of Wednesday close, Infinera Corporation’s (NASDAQ:INFN) stock was up $0.1, moving up 2.43 percent to $4.21. The average number of shares traded per day over the past five days has been 1,461,840 shares. 4 times new highs have been achieved over the past 5 days, with a $0.10 gain in that time frame. In the last twenty days, the average volume was 2,880,130, while in the previous 50 days, it was 2,447,932.
Since last month, INFN stock retreated -3.00%. Shares of the company fell to $3.62 on 08/09/23, the lowest level in the past month. A 52-week high of $7.80 was reached on 03/31/23 after having rallying from a 52-week low of $3.62. Since the beginning of this year, INFN’s stock price has dropped by -37.54% or -$2.53, and marked a new high 8 times. However, the stock has declined by -46.03% since its 52-week high.
INFN stock investors should be aware that Infinera Corporation (INFN) stock had its last reported insider trading activity 14 days ago on Aug 17. Fernicola Michael H, the Chief Accounting Officer of the company, purchased of 4,000 shares for $4.00 on Aug 17. It resulted in a $16,000 investment by the insider. Fernicola Michael H added 6,500 shares at an average price of $3.90 on Aug 16. The insider now owns 107,558 shares following the transaction. On May 22, Chief Executive Officer HEARD DAVID W bought 6,000 shares at $4.95 apiece. The transaction was valued at $29,686.
Valuation Metrics
The stock’s beta is 1.43. Besides these, the trailing price-to-sales (P/S) ratio of 0.57, the price-to-book (PB) ratio of 5.69.
Financial Health
In the three months ended June 29, Infinera Corporation’s quick ratio stood at 1.00, while its current ratio was 1.70, 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 June 29 was 4.04, and the total debt-to-equity ratio was 4.08. On the profitability front, the trailing twelve-month gross margin is 36.80% percent. In the year ended June 29, operating margins totaled 0.50%. Based on annual data, INFN earned $535.78 million in gross profit and brought in $1.57 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 -7.70%. Return on equity (ROE) for the past 12 months was -4.40%.
In Infinera Corporation’s quarter-end financial report for June 29, it reported total debt of $675.99 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 4.74% to $392.08 million during the quarter, while net income inched up to $375.79 million. While analysts expected Infinera Corporation to report -$0.03 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated $6.77 million in EBITDA. The liabilities of Infinera Corporation were 1.42 billion at the end of its most recent quarter ended June 29, and its total debt was $742.03 million. The value of shareholders’ equity is $226.92 million.
Technical Picture
This quick technical analysis looks at Infinera Corporation’s (INFN) price momentum. With a historical volatility rate of 45.99%, the RSI 9-day stood at 55.12% on 30 August.
With respect to its five-day moving average, the current Infinera Corporation price is up by +2.43% percent or $0.10. At present, INFN shares trade -1.41% below its 20-day simple moving average and -42.41% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.91% below its SMA50 and -36.88% below its SMA200.
Stochastic coefficient K was 58.76% and Stochastic coefficient D was 56.92%, while ATR was 0.21. Given the Stochastic reading of 71.14% for the 14-day period, the RSI (14) reading has been calculated as 50.52%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 0.01.
Analyst Ratings
Jefferies upgraded its rating on Infinera Corporation (NASDAQ: INFN) to a Hold in a note to investors on August 11, 2023. The analysts firm previously had an Underperform rating on the stock.Infinera Corporation (INFN) has been rated Overweight by analysts. According to 1 brokerage firm, INFN is a sell, and 4 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 4 recommending it as overweight.
With a median target price of $5.50, the current consensus forecast for the stock is $4.00 – $12.00. Based on these forecasts, analysts predict Infinera Corporation (INFN) will achieve an average price target of $6.70.
