Extreme Networks Inc. (EXTR) Stock: A SWOT Analysis

The price-to-earnings ratio for Extreme Networks Inc. (NASDAQ: EXTR) is above average at 18.56x, Company’s 36-month beta value is 1.90.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”

The public float for EXTR is 125.18M, and currently, short sellers hold a 9.06% ratio of that floaft. The average trading volume of EXTR on April 03, 2024 was 2.16M shares.

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EXTR) stock’s latest price update

The stock of Extreme Networks Inc. (NASDAQ: EXTR) has decreased by -2.70 when compared to last closing price of 11.50.Despite this, the company has seen a loss of -4.11% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-27 that Extreme Networks (EXTR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

EXTR’s Market Performance

Extreme Networks Inc. (EXTR) has experienced a -4.11% fall in stock performance for the past week, with a -10.19% drop in the past month, and a -36.56% drop in the past quarter. The volatility ratio for the week is 2.33%, and the volatility levels for the past 30 days are at 2.55% for EXTR. The simple moving average for the last 20 days is -4.28% for EXTR’s stock, with a simple moving average of -44.48% for the last 200 days.

Analysts’ Opinion of EXTR

Many brokerage firms have already submitted their reports for EXTR stocks, with UBS repeating the rating for EXTR by listing it as a “Neutral.” The predicted price for EXTR in the upcoming period, according to UBS is $14 based on the research report published on February 01, 2024 of the current year 2024.

Rosenblatt, on the other hand, stated in their research note that they expect to see EXTR reach a price target of $15, previously predicting the price at $19. The rating they have provided for EXTR stocks is “Neutral” according to the report published on February 01st, 2024.

EXTR Trading at -12.86% from the 50-Day Moving Average

After a stumble in the market that brought EXTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.81% of loss for the given period.

Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -9.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.31% lower at present.

During the last 5 trading sessions, EXTR fell by -4.11%, which changed the moving average for the period of 200-days by -54.33% in comparison to the 20-day moving average, which settled at $11.63. In addition, Extreme Networks Inc. saw -36.56% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at EXTR starting from MEYERCORD EDWARD, who sale 28,443 shares at the price of $13.24 back on Feb 01 ’24. After this action, MEYERCORD EDWARD now owns 1,129,611 shares of Extreme Networks Inc., valued at $376,602 using the latest closing price.

MEYERCORD EDWARD, the PRESIDENT AND CEO of Extreme Networks Inc., sale 28,443 shares at $16.32 during a trade that took place back on Dec 01 ’23, which means that MEYERCORD EDWARD is holding 1,129,611 shares at $464,164 based on the most recent closing price.

Stock Fundamentals for EXTR

Current profitability levels for the company are sitting at:

  • 0.08 for the present operating margin
  • 0.6 for the gross margin

The net margin for Extreme Networks Inc. stands at 0.06. The total capital return value is set at 0.19. Equity return is now at value 83.24, with 7.28 for asset returns.

Based on Extreme Networks Inc. (EXTR), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.97. The debt to equity ratio resting at 2.28. The interest coverage ratio of the stock is 6.23.

Currently, EBITDA for the company is 149.62 million with net debt to EBITDA at 0.16. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 12.01for trailing twelve months and the total asset turnover is 1.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.

Conclusion

In a nutshell, Extreme Networks Inc. (EXTR) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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