EXTR has 36-month beta value of 1.77. Analysts have mixed views 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 128.29M, and currently, short sellers hold a 4.82% ratio of that float. The average trading volume of EXTR on November 15, 2024 was 1.22M shares.
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EXTR) stock’s latest price update
Extreme Networks Inc (NASDAQ: EXTR)’s stock price has plunge by -3.30relation to previous closing price of 16.65. Nevertheless, the company has seen a -4.45% plunge in its stock price over the last five trading sessions. businesswire.com reported 2024-11-07 that MORRISVILLE, N.C.–(BUSINESS WIRE)–Extreme Networks has deepened its partnership with the NHL as the league continues to prioritize improving fan experiences through technology.
EXTR’s Market Performance
Extreme Networks Inc (EXTR) has experienced a -4.45% fall in stock performance for the past week, with a 7.55% rise in the past month, and a 10.88% rise in the past quarter. The volatility ratio for the week is 3.56%, and the volatility levels for the past 30 days are at 3.50% for EXTR. The simple moving average for the last 20 days is 4.15% for EXTR stock, with a simple moving average of 23.00% for the last 200 days.
Analysts’ Opinion of EXTR
Many brokerage firms have already submitted their reports for EXTR stocks, with Craig Hallum repeating the rating for EXTR by listing it as a “Buy.” The predicted price for EXTR in the upcoming period, according to Craig Hallum is $14 based on the research report published on May 16, 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 $17, previously predicting the price at $15. The rating they have provided for EXTR stocks is “Buy” according to the report published on May 02nd, 2024.
B. Riley Securities gave a rating of “Buy” to EXTR, setting the target price at $14 in the report published on April 15th of the current year.
EXTR Trading at 6.64% 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 -14.22% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 3.56%, as shares surge +6.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.22% upper at present.
During the last 5 trading sessions, EXTR fell by -4.45%, which changed the moving average for the period of 200-days by +19.17% in comparison to the 20-day moving average, which settled at $15.46. In addition, Extreme Networks Inc saw -8.73% 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 35,725 shares at the price of $14.96 back on Nov 01 ’24. After this action, MEYERCORD EDWARD now owns 1,448,378 shares of Extreme Networks Inc, valued at $534,600 using the latest closing price.
Khanna Raj, the Director of Extreme Networks Inc, sale 10,000 shares at $16.53 during a trade that took place back on Oct 30 ’24, which means that Khanna Raj is holding 228,733 shares at $165,252 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
- 0.56 for the gross margin
The net margin for Extreme Networks Inc stands at -0.12. The total capital return value is set at -0.15. Equity return is now at value -177.25, with -11.57 for asset returns.
Based on Extreme Networks Inc (EXTR), the company’s capital structure generated 0.86 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01. The debt to equity ratio resting at 5.99. The interest coverage ratio of the stock is -4.76.
Currently, EBITDA for the company is -19.61 million with net debt to EBITDA at -1.25. When we switch over and look at the enterprise to sales, we see a ratio of 2.13. The receivables turnover for the company is 10.63for trailing twelve months and the total asset turnover is 0.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.91.
Conclusion
To put it simply, Extreme Networks Inc (EXTR) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
