Extreme Networks Inc. (NASDAQ:EXTR) traded at $11.20 at close of the session on Tuesday, April 30, made a downward move of -3.03% on its previous day’s price.
Looking at the stock we see that its previous close was $11.55 . The company has a trailing 12-month PE ratio of 18.58. In terms of its 52-week price range, EXTR has a high of $32.73 and a low of $10.57. The company’s stock has lost about -2.61% over that past 30 days.
Extreme Networks Inc. has a market cap of $1.44 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.18, with the EPS growth for the year raised at $0.56 for 2024 and $0.83 for next year. These figures represent -48.60% and 48.20% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $204.63 million, with a low of $196.54 million and a high of $210.9 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.13 billion, or -14.30% down from figures reported last year.
On the other hand, looking at the outlook for the EXTR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the EXTR stock currently stands at 0.93, and the current price level is 0.57% off its SMA20 and -3.43% from its 50-day simple moving average. The RSI (14) is pointing at 47.17 while the volatility over the past week is 3.19% and jumps to 3.45% over the past one month. The beta value is 1.89, while the average true range (ATR) is currently pointing at 0.39.
Coming back to Extreme Networks Inc. (NASDAQ:EXTR), we note that the average 3-month trading volume was 2.14 million. Current shares outstanding are 127.78 million.
The insiders hold 2.76% of the company’s shares while institutions hold 90.99%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -36.51% down in year-to-date price movement.
