Extreme Networks Inc [EXTR] stock prices are up 2.26% to $17.18 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EXTR shares have gain 2.02% over the last week, with a monthly amount drifted -3.37%, and not seem to be holding up well over a long-time horizon.
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 $19.24 over the past year. Currently, Wall Street analysts expect the stock to reach $21 within the next 12 months. Extreme Networks Inc [NASDAQ: EXTR] shares were valued at $17.18 at the most recent close of the market. An investor can expect a potential return of 22.24% 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 of7.22.
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 16.93 points at the first support level, and at 16.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.35, and for the 2nd resistance point, it is at 17.53.
Ratios To Look Out For
It’s worth pointing out that Extreme Networks Inc [NASDAQ:EXTR]’s Current Ratio is 0.91. Further, the Quick Ratio stands at 0.63, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 2.20, the price to book ratio is 69.33.
Transactions by insiders
Recent insider trading involved MOTIEY KATAYOUN, Chief Legal Admin Sust Officer, that happened on Dec 11 ’24 when 37000.0 shares were sold. Officer, MOTIEY KATAYOUN completed a deal on Dec 11 ’24 to buy 37000.0 shares. Meanwhile, PRESIDENT AND CEO MEYERCORD EDWARD sold 35725.0 shares on Dec 02 ’24.
