The stock of Extreme Networks Inc. (EXTR) has seen a -3.45% decrease in the past week, with a 0.09% gain in the past month, and a -11.04% decrease in the past quarter. The volatility ratio for the week is 5.65%, and the volatility levels for the past 30 days are at 3.93% for EXTR. The simple moving average for the last 20 days is 0.43% for EXTR stock, with a simple moving average of -39.43% for the last 200 days.
Is It Worth Investing in Extreme Networks Inc. (NASDAQ: EXTR) Right Now?
Moreover, the 36-month beta value for EXTR is 1.80. Analysts have varying 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 126.36M and currently, short sellers hold a 9.30% of that float. On May 06, 2024, EXTR’s average trading volume was 2.06M shares.
EXTR) stock’s latest price update
Extreme Networks Inc. (NASDAQ: EXTR)’s stock price has decreased by -1.93 compared to its previous closing price of 11.42. However, the company has seen a -3.45% decrease in its stock price over the last five trading sessions. MarketBeat reported 2024-04-23 that Extreme Networks Inc. NASDAQ: EXTR is a cloud-driven networking solutions provider that serves three seemingly “recession-proof” industries: government, education and healthcare. With nearly 40% of their revenues coming from government and education, this computer and technology sector company should fare relatively well even in uncertain macroeconomic conditions.
Analysts’ Opinion of EXTR
Many brokerage firms have already submitted their reports for EXTR stocks, with Rosenblatt repeating the rating for EXTR by listing it as a “Buy.” The predicted price for EXTR in the upcoming period, according to Rosenblatt is $17 based on the research report published on May 02, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see EXTR reach a price target of $14. The rating they have provided for EXTR stocks is “Buy” according to the report published on April 15th, 2024.
UBS gave a rating of “Neutral” to EXTR, setting the target price at $14 in the report published on February 01st of the current year.
EXTR Trading at -3.14% 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 -65.78% of loss for the given period.
Volatility was left at 3.93%, however, over the last 30 days, the volatility rate increased by 5.65%, as shares surge +2.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.16% lower at present.
During the last 5 trading sessions, EXTR fell by -3.45%, which changed the moving average for the period of 200-days by -59.52% in comparison to the 20-day moving average, which settled at $11.17. In addition, Extreme Networks Inc. saw -36.51% 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:
- 0.03 for the present operating margin
- 0.59 for the gross margin
The net margin for Extreme Networks Inc. stands at -0.01. The total capital return value is set at 0.06. Equity return is now at value -7.53, with -0.59 for asset returns.
Based on Extreme Networks Inc. (EXTR), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.6. The debt to equity ratio resting at 3.08. The interest coverage ratio of the stock is 3.56.
Currently, EBITDA for the company is 149.62 million with net debt to EBITDA at 1.08. When we switch over and look at the enterprise to sales, we see a ratio of 1.26. The receivables turnover for the company is 12.97for trailing twelve months and the total asset turnover is 1.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
To wrap up, the performance of Extreme Networks Inc. (EXTR) has been bad in recent times. The stock has received a bullish of “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.
