Sify Technologies Limited (NASDAQ:SIFY) trading with an addition of $0.09 to $3.62 on Thursday, an upside of 2.55 percent. An average of 227,836 shares of common stock have been traded in the last five days. There was a gain of $0.39 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 194,554 shares traded, while the 50-day average volume stands at 282,744.
SIFY stock has increased by 4.44% in the last month. The company shares reached their 1-month lowest point of $3.09 on 09/20/21. With the stock rallying to its 52-week high on 02/16/21, shares of the company touched a low of $1.00 and a high of $5.89 in 52 weeks. It has reached a new high 10 times so far this year and achieved 177.95% or $2.43 in price. In spite of this, the price is down -38.54% from the 52-week high.
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Sify Technologies Limited (SIFY) has a trailing price-to-earnings (P/E) ratio of 31.52, which compares with the 17.20 for the broader industry and 30.89 for the sector. In the last five years, Sify Technologies Limited’s PE ratio has ranged between 92.49 and 9.977. The stock’s beta is 1.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.00, the price-to-book (PB) ratio at 3.60.
The company’s most recent quarterly dividend payment was $0.0140 a share, representing a down of -22.14 from $0.0171 last year.
The quick ratio of Sify Technologies Limited for the three months ended June 29 was 0.90, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.41 and a total debt to equity ratio of 0.89 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 39.50% against a 5-year average of 37.4%. Sify Technologies Limited’s EBITDA margin for the year ending June 29 is 20.79%, while its operating margin for the same period stands at 9.80%. Its gross profit as reported stood at $130.84 million compared to revenue of $330.86 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. Sify Technologies Limited’s return on assets was 3.2% over the last five years. In the past year, the return on investment has been 9.30%, and the 5-year average is 8.2%. For the broader industry, ROE averaged 4.52 over the past year.
For the three-month period that ended June 29, Sify Technologies Limited had $0.54 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $20.84 million in the quarter, while revenues were grew 25.86%. The analyst consensus anticipated Sify Technologies Limited’s latest quarter earnings to come in at $0.03 per share, but it turned out to be $0.03, a 0.00% surprise. For the quarter, EBITDA amounted to $9.07 million. At the end of the quarter ending June 29, Sify Technologies Limited’s stock balance sheet showed total debt was $11.74 billion.
From a technical analysis perspective, let’s take a brief look at Sify Technologies Limited (SIFY) price momentum. RSI 9-day as of the close on 13 October was 69.79%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.63%.
As of today, SIFY’s price is $3.46 +11.78% or $0.39 from its 5-day moving average. SIFY is currently trading +11.78% higher than its 20-day SMA and +16.35% higher than its 100-day SMA. However, the stock’s current price level is +3.93% above the SMA50 and +184.62% above the SMA200.
The stochastic %K and %D were 76.89% and 64.64%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 73.53% and the average true range at 0.17, the RSI (14) stands at 61.80%. The stock has reached 0.16 on the 9-day MACD Oscillator while the 14-day reading was at 0.14.
Maxim Group launched coverage on Sify Technologies Limited (NASDAQ: SIFY) in its analyst report released on December 04, 2018. The firm assigned the stock a a Buy rating.The consensus rating for Sify Technologies Limited (SIFY) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SIFY, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is SIFY’s price target for the next 12 months?
Analysts predict a range of price targets between $र442.10 and $र442.10, with a median target of $र442.10. Taking a look at these predictions, the average price target given by analysts for Sify Technologies Limited (SIFY) stock is $र442.10.