Infinera Corp. (NASDAQ:INFN) finished Friday with an addition of $0.17 to close at $4.18, an upside of 4.24 percent. An average of 1,786,240 shares of common stock have been traded in the last five days. There was a gain of $0.04 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 1,796,480 shares traded, while the 50-day average volume stands at 2,391,410.
INFN stock has decreased by -0.71% in the last month. The company shares reached their 1-month lowest point of $3.83 on 09/27/23. With the stock rallying to its 52-week high on 03/31/23, shares of the company touched a low of $3.62 and a high of $7.80 in 52 weeks. It has reached a new high 8 times so far this year and lost -37.98% or -$2.56 in price. In spite of this, the price is down -46.41% from the 52-week high.
Valuation Metrics
Infinera Corp. (INFN) stock’s beta is 1.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.58, the price-to-book (PB) ratio at 5.66.
Financial Health
The quick ratio of Infinera Corp. for the three months ended June 29 was 1.00, and the current ratio was 1.68, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 4.33 and a total debt to equity ratio of 4.45 for the quarter ending June 29. Its gross profit as reported stood at $535.78 million compared to revenue of $1.57 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Infinera Corp.’s return on assets was -0.47%.
Earnings Surprise
For the three-month period that ended June 29, Infinera Corp. had $675.99 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$20.26 million in the quarter, while revenues of -$8.41 million were shrunk -175.02%. The analyst consensus anticipated Infinera Corp.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be $0, a 100.00% surprise. For the quarter, EBITDA amounted to $6.77 million. Shareholders own equity worth $226.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Infinera Corp. (INFN) price momentum. RSI 9-day as of the close on 29 September was 53.58%, suggesting the stock is Neutral, with historical volatility in this time frame at 49.45%.
As of today, INFN’s price is $4.00 +0.97% or $0.04 from its 5-day moving average. INFN is currently trading -10.68% lower than its 20-day SMA and -19.62% lower than its 100-day SMA. However, the stock’s current price level is -9.52% below the SMA50 and -40.37% below the SMA200.
The stochastic %K and %D were 32.78% and 18.87%, respectively, and the average true range (ATR) was 0.19. With the 14-day stochastic at 58.33% and the average true range at 0.19, the RSI (14) stands at 50.85%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.10.
Analyst Ratings
Stifel launched coverage on Infinera Corp. (NASDAQ: INFN) in its analyst report released on September 28, 2023. The firm assigned the stock a Buy rating. The consensus rating for Infinera Corp. (INFN) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell INFN, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is INFN’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $12.00, with a median target of $6.00. Taking a look at these predictions, the average price target given by analysts for Infinera Corp. (INFN) stock is $6.73.
