A share price of Infinera Corp [INFN] is currently trading at $6.63, down -0.15%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The INFN shares have gain 0.30% over the last week, with a monthly amount drifted -1.19%, 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.
Infinera Corp experienced fluctuations in its stock price throughout the past year between $4.09 and $6.92. Currently, Wall Street analysts expect the stock to reach $6.65 within the next 12 months. Infinera Corp [NASDAQ: INFN] shares were valued at $6.63 at the most recent close of the market. An investor can expect a potential return of 0.3% based on the average INFN price forecast.
Analyzing the INFN fundamentals
Trailing Twelve Months sales for Infinera Corp [NASDAQ:INFN] were 1.46B which represents -9.68% decline. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.69 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.06.
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 6.62 points at the first support level, and at 6.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.64, and for the 2nd resistance point, it is at 6.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Infinera Corp [NASDAQ:INFN] is 1.58. Also, the Quick Ratio is 0.97, while the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 1.08, the price to book ratio is 11.70.
