Extreme Networks Inc [EXTR] stock prices are up 2.73% to $16.94 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The EXTR shares have gain 9.86% over the last week, with a monthly amount glided 18.88%, and 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 May 16, 2024, when Craig Hallum upgraded its rating to a Buy but kept the price target unchanged to $14 for it. Previously, Rosenblatt upgraded its rating to Buy on May 02, 2024, and elevated its price target to $17. On April 15, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $14 on the stock. UBS downgraded its rating to a Neutral and decreased its price target to $14 on February 01, 2024. Rosenblatt downgraded its rating to a Neutral and reduced its price target to $15 on February 01, 2024. Oppenheimer downgraded its rating to Perform for this stock on November 01, 2023. In a note dated November 01, 2023, Lake Street downgraded an Hold rating on this stock.
The stock price of Extreme Networks Inc [EXTR] has been fluctuating between $10.49 and $18.77 over the past year. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. Extreme Networks Inc [NASDAQ: EXTR] shares were valued at $16.94 at the most recent close of the market. An investor can expect a potential return of 18.06% based on the average EXTR price forecast.
Analyzing the EXTR fundamentals
The Extreme Networks Inc [NASDAQ:EXTR] reported sales of 1.03B for trailing twelve months, representing a drop of -23.77%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at -0.08%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.12%. To continue investigating profitability, this company’s Return on Assets is posted at -0.12, Equity is -2.17 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.99.
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 16.46 points at the first support level, and at 15.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.18, and for the 2nd resistance point, it is at 17.42.
Ratios To Look Out For
It’s worth pointing out that Extreme Networks Inc [NASDAQ:EXTR]’s Current Ratio is 0.91. On the other hand, the Quick Ratio is 0.63, and the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 2.17, the price to book ratio is 68.36.
Transactions by insiders
Recent insider trading involved CARINALLI CHARLES, Director, that happened on Nov 25 ’24 when 5000.0 shares were sold. Director, CARINALLI CHARLES completed a deal on Nov 22 ’24 to sell 5000.0 shares. Meanwhile, Director CARINALLI CHARLES bought 12975.0 shares on Nov 21 ’24.
