Extreme Networks Inc. (NASDAQ:EXTR) currently has a daily average trading volume of 1.43M but it saw 1037494 shares traded on Wednesday. With a market cap of 2.35B USD, stock’s current market price of $18.43 came falling about -0.54 while comparing to the previous closing price of $18.53. In past 52 weeks, the stock remained buoying in the range of price level as high as $21.03 and as low as $8.49. In the recent trading on the day, stock has struck highest price mark of $18.48 while lowest mark touched by it was $18.05.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
Taking a look at 20-day trading activity of Extreme Networks Inc. (EXTR) gives us an average price of $17.29, while its current price level is -12.36% below from 52-week high level whereas it is 117.08% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $17.67 while that of 200 days or SMA-200 reads an average of $17.08. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.00% during that period while stretching the period over a month that increases to 3.40%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 59.80 which implies that the stock is in neutral territory.
Extreme Networks Inc. (EXTR)’s stock is currently under the radar of 6 analysts who are in consensus at a 12-month price target range of between $17.50 and $25.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $17.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $25.00. Average price target assigned by them is $22.00 which highlights an upside potential of 16.23% for the stock over that period. And to attain the median price target of $23.00 assigned by those analysts, stock has to add about 19.87% of value to its current levels.
Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 5 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, EXTR’s stock price is moving 3.77% up while it is 17.09% when we observe its performance for the past one month. Year-to-date it is 0.66% up and over the past year, the stock is showing an upside performance of 92.58%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.29 beat the consensus estimate of $0.26 for the same. The company is expected to be releasing its next quarterly report in 08/09/2023, for which analysts forecasted an EPS of $0.31 while estimate for next year EPS is $1.07. For EXTR, analysts are forecasting an EPS-growth rate of 39.00% for current year and estimate for EPS growth in next year is 39.30%. In next quarter, company is expected to be making quarterly sales of $341.91 million as analysts are expecting the sales for current fiscal year at $1.29 billion and seeing the company making $1.47 billion in sales next year. Moreover, analysts are in estimates of $343.37 million for current-quarter revenue.
Currently, Extreme Networks Inc.’s total number of outstanding shares is 128.82M with 2.32% of that held by the insiders while 90.04% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 14.30% and return on equity (ROE) at 59.70%. It has a price to earnings ratio (P/E ratio) of 42.37 while having a 12.34 of forward P/E ratio. Stock’s beta reads 1.97. Stock has a price to book (P/B) ratio of 23.04 while price to sale or P/S ratio amounts to 1.92. Its return on asset (ROA) is 5.50% on average.
As per SEC documents, iShares Core S&P Small Cap ETF sought 5,838,562 of company’s common stock of worth $103.81 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Extreme Networks Inc., as Vanguard Total Stock Market ETF picked 4,025,808 shares of worth $71.58 million to bring its holdings to a total of 1940.0 shares. In the most recent quarter, American Funds Small Cap World Fu came cutting its stake by -56.77% in the company and now holds 3.5 million or 2.71% of the company’s stake having worth of about 62.17 million.
