Extreme Networks Inc. [EXTR] stock is trading at $10.97, up 0.27%. An important factor to consider is whether the stock is rising or falling in short-term value. The EXTR shares have gain 2.52% over the last week, with a monthly amount drifted -6.32%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Extreme Networks Inc. [NASDAQ: EXTR] stock has seen the most recent analyst activity on April 15, 2024, when B. Riley Securities upgraded its rating to a Buy but kept the price target unchanged to $14 for it. Previously, UBS downgraded its rating to Neutral on February 01, 2024, and dropped its price target to $14. On February 01, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $15 on the stock. Oppenheimer downgraded its rating to a Perform. Lake Street downgraded its rating to a Hold. UBS started tracking with a Buy rating for this stock on September 22, 2023, and assigned it a price target of $30. In a note dated August 03, 2023, B. Riley Securities downgraded an Neutral rating on this stock and boosted its target price from $25 to $30.
Extreme Networks Inc. [EXTR] stock has fluctuated between $10.57 and $32.73 over the past year. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Extreme Networks Inc. [NASDAQ: EXTR] shares were valued at $10.97 at the most recent close of the market. An investor can expect a potential return of 118.78% based on the average EXTR price forecast.
Analyzing the EXTR fundamentals
Extreme Networks Inc. [NASDAQ:EXTR] reported sales of 1.35B for the trailing twelve months, which represents a drop of -6.90%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.73 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.85 points at the first support level, and at 10.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.08, and for the 2nd resistance point, it is at 11.20.
Ratios To Look Out For
For context, Extreme Networks Inc.’s Current Ratio is 1.02. On the other hand, the Quick Ratio is 0.74, and the Cash Ratio is 0.4. Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 13.04 and price to earnings (TTM) ratio is 18.20.
Transactions by insiders
Recent insider trading involved MEYERCORD EDWARD, PRESIDENT AND CEO, that happened on Feb 01 ’24 when 28443.0 shares were sold. PRESIDENT AND CEO, MEYERCORD EDWARD completed a deal on Dec 01 ’23 to sell 28443.0 shares. Meanwhile, PRESIDENT AND CEO MEYERCORD EDWARD sold 28443.0 shares on Nov 07 ’23.
