Extreme Networks Inc. [NASDAQ: EXTR] stock went on an upward path that rose over 11.95% on Wednesday, amounting to a one-week price increase of more than 8.23%.
Over the last 12 months, EXTR stock dropped by -19.68%. The one-year Extreme Networks Inc. stock forecast points to a potential downside of -1.08. The average equity rating for EXTR stock is currently 1.86, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $2.10 billion, with 130.28 million shares outstanding and 128.14 million shares in the current float. Compared to the average trading volume of 1.22M shares, EXTR stock reached a trading volume of 4611105 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 $15.75 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 1.86. 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.
Craig Hallum have made an estimate for Extreme Networks Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 16, 2024. While these analysts kept the previous recommendation, Rosenblatt raised their target price from $15 to $17. The new note on the price target was released on May 02, 2024, representing the official price target for Extreme Networks Inc. stock. Previously, the target price had yet another raise to $14, while B. Riley Securities analysts kept a Buy rating on EXTR stock. On February 01, 2024, analysts decreased their price target for EXTR shares from 22 to 14.
The Average True Range (ATR) for Extreme Networks Inc. is set at 0.56, with the Price to Sales ratio for EXTR stock in the period of the last 12 months amounting to 1.88. The Price to Book ratio for the last quarter was 82.04, with the Price to Cash per share for the same quarter was set at 1.19. Price to Free Cash Flow for EXTR in the course of the last twelve months was 56.25 with Quick ratio for the last quarter at 0.63.
EXTR Stock Performance Analysis:
Extreme Networks Inc. [EXTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.23. With this latest performance, EXTR shares gained by 7.79% in over the last four-week period, additionally plugging by 39.04% over the last 6 months – not to mention a drop of -19.68% 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 65.03, with the RSI for the last a single of trading hit 71.25, and the three-weeks RSI is set at 61.52 for Extreme Networks Inc. [EXTR]. The present Moving Average for the last 50 days of trading for this stock 14.86, while it was recorded at 14.64 for the last single week of trading, and 13.11 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 0.63 and a Current Ratio set at 0.90.
EXTR Stock EPS
With the latest financial reports released by the company, Extreme Networks Inc. posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.32/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.03. 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 18.50%.
Extreme Networks Inc. [EXTR] Institutonal Ownership Details
There are presently around $94.79%, or 97.60%% of EXTR stock, in the hands of institutional investors. The top three institutional holders of EXTR stocks are: BLACKROCK INC. with ownership of 18.0 million shares, which is approximately 13.9198%. VANGUARD GROUP INC, holding 16.41 million shares of the stock with an approximate value of $$220.75 million in EXTR stocks shares; and VANGUARD GROUP INC, currently with $$71.62 million in EXTR stock with ownership which is approximately 4.1183%.
