Extreme Networks Inc [NASDAQ: EXTR] traded at a low on Wednesday, posting a -1.20 loss after which it closed the day’ session at $13.16.
The results of the trading session contributed to over 4172778 shares changing hands. Over the past one week, the price volatility of Extreme Networks Inc stands at 4.91% while the volatility over the past one month is 6.43%.
The market cap for EXTR stock reached $1.75 billion, with 132.65 million shares outstanding and 130.33 million shares in the current float. Compared to the average trading volume of 1.28M shares, EXTR reached a trading volume of 4172778 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $19.17 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 0.70, with the Price to Sales ratio for EXTR stock in the period of the last 12 months amounting to 1.72. The Price to Book ratio for the last quarter was 34.09, with the Price to Cash per share for the same quarter was set at 1.28.
How has EXTR stock performed recently?
Extreme Networks Inc [EXTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.34. With this latest performance, EXTR shares dropped by -0.53% in over the last four-week period, additionally sinking by -8.29% over the last 6 months – not to mention a rise of 13.45% 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 54.86, with the RSI for the last a single of trading hit 62.79, and the three-weeks RSI is set at 50.44 for Extreme Networks Inc [EXTR]. The present Moving Average for the last 50 days of trading for this stock 13.65, while it was recorded at 12.88 for the last single week of trading, and 15.07 for the last 200 days.
Extreme Networks Inc [EXTR]: Deeper insight into the fundamentals
Extreme Networks Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.68 and a Current Ratio set at 0.93.
Earnings analysis for Extreme Networks Inc [EXTR]
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 27.22%.
Insider trade positions for Extreme Networks Inc [EXTR]
There are presently around $92.66%, or 95.44%% 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 13.8349%. 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 4.0931%.
