Extreme Networks Inc. [NASDAQ: EXTR] stock went on a downward path that fall over -2.13% on Thursday, amounting to a one-week price decrease of less than -7.36%.
Over the last 12 months, EXTR stock dropped by -35.68%. The one-year Extreme Networks Inc. stock forecast points to a potential upside of 27.43. The average equity rating for EXTR stock is currently 2.14, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.37 billion, with 127.78 million shares outstanding and 126.36 million shares in the current float. Compared to the average trading volume of 2.12M shares, EXTR stock reached a trading volume of 3320696 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Extreme Networks Inc. [EXTR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EXTR shares is $14.58 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EXTR stock is a recommendation set at 2.14. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Rosenblatt have made an estimate for Extreme Networks Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 02, 2024. The new note on the price target was released on April 15, 2024, representing the official price target for Extreme Networks Inc. stock. Previously, the target price had yet another drop from $22 to $14, while UBS kept a Neutral rating on EXTR stock. On February 01, 2024, analysts decreased their price target for EXTR shares from 19 to 15.
The Average True Range (ATR) for Extreme Networks Inc. is set at 0.44, with the Price to Sales ratio for EXTR stock in the period of the last 12 months amounting to 1.12. The Price to Book ratio for the last quarter was 21.15, with the Price to Cash per share for the same quarter was set at 1.16. Price to Free Cash Flow for EXTR in the course of the last twelve months was 13.49 with Quick ratio for the last quarter at 0.61.
EXTR Stock Performance Analysis:
Extreme Networks Inc. [EXTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.36. With this latest performance, EXTR shares dropped by -3.47% in over the last four-week period, additionally sinking by -37.58% over the last 6 months – not to mention a drop of -35.68% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EXTR stock in for the last two-week period is set at 37.22, with the RSI for the last a single of trading hit 32.93, and the three-weeks RSI is set at 38.32 for Extreme Networks Inc. [EXTR]. The present Moving Average for the last 50 days of trading for this stock 11.41, while it was recorded at 10.92 for the last single week of trading, and 18.08 for the last 200 days.
Insight into Extreme Networks Inc. Fundamentals:
Extreme Networks Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.61 and a Current Ratio set at 0.96.
EXTR Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EXTR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Extreme Networks Inc. go to 20.00%.
Extreme Networks Inc. [EXTR] Institutonal Ownership Details
The top three institutional holders of EXTR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in EXTR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in EXTR stock with ownership which is approximately 5.8386%.
