At the time of writing, Infinera Corp. [INFN] stock is trading at $6.82, up 1.94%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The INFN shares have gain 1.49% over the last week, with a monthly amount drifted -0.29%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Infinera Corp. [NASDAQ: INFN] stock has seen the most recent analyst activity on August 05, 2024, when Rosenblatt downgraded its rating to a Neutral and also revised its price target to $6.65 from $8. On September 28, 2023, Stifel initiated with a Buy rating and assigned a price target of $7 on the stock. Jefferies upgraded its rating to a Hold. Rosenblatt started tracking with a Buy rating for this stock on March 24, 2022, and assigned it a price target of $12. In a note dated February 14, 2022, Loop Capital initiated an Hold rating and provided a target price of $9 on this stock.
For the past year, the stock price of Infinera Corp. fluctuated between $2.82 and $6.92. Currently, Wall Street analysts expect the stock to reach $6.67 within the next 12 months. Infinera Corp. [NASDAQ: INFN] shares were valued at $6.82 at the most recent close of the market. An investor can expect a potential drop of -2.2% based on the average INFN price forecast.
Analyzing the INFN fundamentals
According to Infinera Corp. [NASDAQ:INFN], the company’s sales were 1.50B for trailing twelve months, which represents an -8.90% plunge. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.61 and Total Capital is -0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.31.
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 6.74 points at the first support level, and at 6.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.86, and for the 2nd resistance point, it is at 6.90.
Ratios To Look Out For
It is important to note that Infinera Corp. [NASDAQ:INFN] has a current ratio of 1.57. In addition, the Quick Ratio stands at 0.94 and the Cash Ratio stands at 0.19. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 12.19.
