After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Infosys Limited (INFY) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.11%, to $17.50. The Infosys Limited has recorded 21,045 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Cloud for Organizational Growth and Transformation is Three Times More Important than Cloud for Cost Optimization: Infosys Research.
INFY belongs to the Technology sector of the NYSE while operating in the Information Technology Services industry. The current market capitalization of Infosys Limited is $71.92B. A total of 5.92 million shares were traded on the day, compared to an average of 9.50M shares.
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Infosys Limited pays an annual dividend of $0.41, resulting in a dividend yield of 2.36%, and it has a price to earnings (P/E) ratio of 24.50. INFY’s most recent ex-dividend date was 6/1/2023 when it declared a $0.2134 quarterly dividend that was paid in cash on 7/3/2023. Previously, the company paid the dividend on 6/30/2022 with an ex-dividend date of 5/31/2022. The INFY stock dividend was $0.1710 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for INFY in the last 3 months, the mean price target is $17.43 with high estimates of $22.00 and low estimates of $13.00. In terms of 52-week highs and lows, INFY has a high of $20.57 and a low of $14.71.
As of this writing, INFY has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.21 per share and a lower estimate of $0.17. The company reported an EPS of $0.18 in the last quarter, which was -5.30% lower than expectations of $0.19.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. INFY’s latest balance sheet shows that the firm has $3.23B in Cash & Short Term Investments as of fiscal 2022. There were $722.00M in debt and $4.43B in liabilities at the time. Its Book Value Per Share was $2.18, while its Total Shareholder’s Equity was $9.99B.
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for INFY is Buy with a score of 3.00.