Extreme Networks Inc (NASDAQ: EXTR) is -6.92% lower on its value in year-to-date trading and has touched a low of $10.49 and a high of $18.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EXTR stock was last observed hovering at around $16.94 in the last trading session, with the day’s loss setting it -0.52%.
Currently trading at $16.42, the stock is 2.58% and 6.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -3.07% at the moment leaves the stock 23.97% off its SMA200. EXTR registered 0.18% gain for a year compared to 6-month gain of 48.46%. The firm has a 50-day simple moving average (SMA 50) of $15.382 and a 200-day simple moving average (SMA200) of $13.24545.
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The stock witnessed a 15.47% loss in the last 1 month and extending the period to 3 months gives it a 3.99%, and is 6.42% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.19% over the week and 4.14% over the month.
Extreme Networks Inc (EXTR) has around 2656 employees, a market worth around $2.10B and $1.03B in sales. Fwd P/E is 16.52. Profit margin for the company is -12.11%. Distance from 52-week low is 56.46% and -12.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.61%).
The EPS is expected to grow by 30.60% this year
369.0 institutions hold shares in Extreme Networks Inc (EXTR), with institutional investors hold 95.84% of the company’s shares. The shares outstanding are 130.28M, and float is at 128.20M with Short Float at 3.86%. Institutions hold 93.04% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 18.0 million shares valued at $242.08 million. The investor’s holdings represent 13.9198 of the EXTR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 16.41 million shares valued at $220.75 million to account for 12.6933 of the shares outstanding. The other top investors are PARADIGM CAPITAL MANAGEMENT INC/NY which holds 5.32 million shares representing 4.1183 and valued at over $71.62 million, while RUBRIC CAPITAL MANAGEMENT LP holds 4.064 of the shares totaling 5.25 million with a market value of $70.68 million.
Extreme Networks Inc (EXTR) Insider Activity
The most recent transaction is an insider sale by CARINALLI CHARLES, the company’s Director. SEC filings show that CARINALLI CHARLES sold 5,000 shares of the company’s common stock on Nov 25 ’24 at a price of $16.70 per share for a total of $83500.0. Following the sale, the insider now owns 0.37 million shares.
Extreme Networks Inc disclosed in a document filed with the SEC on Nov 22 ’24 that CARINALLI CHARLES (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Nov 22 ’24 and was made at $16.06 per share for $80310.0. Following the transaction, the insider now directly holds 0.37 million shares of the EXTR stock.
Still, SEC filings show that on Nov 21 ’24, CARINALLI CHARLES (Director) Proposed Sale 12,975 shares at an average price of $15.62 for $0.2 million. The insider now directly holds shares of Extreme Networks Inc (EXTR).
