Are You Looking To Buy Equinix Inc. (REIT) (EQIX)? First, Read This

Equinix Inc. (REIT) (NASDAQ:EQIX) finished Friday with an addition of $10.86 to close at $821.02, an upside of 1.34 percent. An average of 442,380 shares of common stock have been traded in the last five days. There was a gain of $39.63 in the past week, and it reached a new high 19 times over the past 12 months. The last 20 days have seen an average of 469,980 shares traded, while the 50-day average volume stands at 527,096.

EQIX stock has decreased by -3.18% in the last month. The company shares reached their 1-month lowest point of $744.79 on 10/11/21. With the stock rallying to its 52-week high on 09/03/21, shares of the company touched a low of $586.73 and a high of $885.26 in 52 weeks. It has reached a new high 25 times so far this year and achieved 14.96% or $106.84 in price. In spite of this, the price is down -7.26% from the 52-week high.


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Insider Transactions

46 days have passed since Equinix Inc. (REIT) (EQIX) last reported insider trading activity. Meyers Charles J, who is CEO and President, most recently acquired $1,449 shares at $872.80 per share on Sep 07. In this transaction, the insider spent $1,264,690. Chief Sales Officer, Campbell Michael Earl, disposed of 1,200 shares at a price of $884.36 on Sep 03. The insider now owns more than $1,061,232 worth of shares. Prior to that, Chief Customer & Rev Officer STROHMEYER KARL went on to Sale 57 shares at $866.27 each on Sep 02. An amount of $49,377 was transacted.

Valuation Metrics

Equinix Inc. (REIT) (EQIX) has a trailing price-to-earnings (P/E) ratio of 215.43, which compares with the 21.25 for the broader industry and 39.54 for the sector. In the last five years, Equinix Inc. (REIT)’s PE ratio has ranged between 345.57 and 76.03. The stock’s beta is 0.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 11.45, the price-to-book (PB) ratio at 6.91.

Equinix Inc. (REIT) pays a $11.48 dividend per share annually. It offers a dividend yield of 1.40%. The company has a payout ratio of 282.90%. The company’s most recent quarterly dividend payment took place on Sep. 22, and it was $2.87 a share, without any change from last year. Its dividend has been increased for the last 6 consecutive years with the latest increase dividend $0.21 reported on Wednesday February 10 2021.Dividends have grown by 33.00% each year over the last three years.

The quick ratio of Equinix Inc. (REIT) for the three months ended June 29 was 1.90, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.28 and a total debt to equity ratio of 1.30 for the quarter ending June 29. Its gross profit as reported stood at $2.92 billion compared to revenue of $6.0 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Equinix Inc. (REIT)’s return on assets was 1.30%. For the broader industry, ROE averaged 7.37 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Equinix Inc. (REIT) had $611.44 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 $68.34 million in the quarter, while revenues of $156.36 million were shrunk -95.05%. The analyst consensus anticipated Equinix Inc. (REIT)’s latest quarter earnings to come in at $1.85 per share, but it turned out to be $0.76, a -58.90% surprise. For the quarter, EBITDA amounted to $699.33 million. Shareholders own equity worth $89.75 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Equinix Inc. (REIT) (EQIX) price momentum. RSI 9-day as of the close on 22 October was 67.91%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.86%.

As of today, EQIX’s price is $794.49 +5.07% or $39.63 from its 5-day moving average. EQIX is currently trading -1.64% lower than its 20-day SMA and +8.30% higher than its 100-day SMA. However, the stock’s current price level is +1.15% above the SMA50 and +20.92% above the SMA200.

The stochastic %K and %D were 94.52% and 78.27%, respectively, and the average true range (ATR) was 16.72. With the 14-day stochastic at 95.59% and the average true range at 17.44, the RSI (14) stands at 59.07%. The stock has reached 25.41 on the 9-day MACD Oscillator while the 14-day reading was at 34.32.

Analyst Ratings

The consensus rating for Equinix Inc. (REIT) (EQIX) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell EQIX, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 19 others rate it as a “buy”.

What is EQIX’s price target for the next 12 months?

Analysts predict a range of price targets between $712.00 and $979.00, with a median target of $885.00. Taking a look at these predictions, the average price target given by analysts for Equinix Inc. (REIT) (EQIX) stock is $883.77.

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