Does Switch Inc. (SWCH) Have A Risk Factor?

The stock of Switch Inc. (NYSE:SWCH) increased by $0.11 on Tuesday to finish at $33.13, up 0.33 percent. The last five days have seen an average of 4,283,480 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $4.49. The average number of shares traded over the last 20 days was 3,273,595, while the average volume over the last 50 days totaled 3,983,446.

SWCH stock dropped -0.66% since last month. On 06/14/22, the company’s shares reached a one-month low of $32.74. The stock touched a high of $33.84 on 05/11/22, after rallying from a low of $20.15 in 52 weeks. The price of SWCH stock has risen by 15.68% or $4.49 this year, reaching a new high 14 times. Still, the stock price is down -2.10% from the 52-week high.


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Insider Transactions

There have been 7 days since Switch Inc. (SWCH) last reported insider trading activity on Jun 15. On Jun 15, Director Thomas Thomas A sold 40,000 shares at $33.15 each. This transaction resulted in the insider making $1,325,936. On May 16, Thomas Thomas A sold 40,000 shares at a price of US$33.46. After the transaction, the insider now owns 3,118,397 shares. Director Thomas Thomas A had earlier sold 40,000 shares on Apr 18 for $30.73 a share. The transaction was completed for $1,229,368.

Valuation Metrics

Switch Inc. (SWCH) has a trailing price-to-earnings (P/E) ratio of 828.25. Beta for the stock is 0.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 12.92, the price-to-book (PB) ratio of 14.47.

Company paid $0.0525 per share in dividends, an increase of 0.96% from $0.0520 last year. A $0.0005 dividend increase was reported on Thursday May 12 2022.

Financial Health

For the three months ended March 30, Switch Inc.’s quick ratio was 0.50, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 5.22, and the total debt to equity ratio is 5.23. As far as profitability goes, gross margin for the trailing twelve months is 42.10% percent. Switch Inc.’s operating margin stood at 9.40% for the same period. Based on annual data, it had gross profit of $252.41 million and revenue of $592.04 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SWCH’s return on assets (ROA) during the last 12 months has been 0.20%. There was a 2.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.10%.

Earnings Surprise

According to Switch Inc.’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $164.61 million, while revenues rose by 20.5% to $161.39 million. It was predicted that Switch Inc.’s quarterly earnings would be $0.1, but it ended up being $0.06, beating the consensus by 66.70%. EBITDA was $77.69 million for the quarter. At the end of Switch Inc.’s most recent quarter ended March 30, its liabilities totaled 2.37 billion, while its total debt was $1.72 billion. Equity owned by shareholders amounts to $244.62 million.

Technical Picture

Here’s a quick look at Switch Inc.’s (SWCH) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 45.94%, suggesting the stock is Neutral, with a 10.10% historical volatility rate.

The stochastic %K and %D were 31.17% and 31.08% respectively, while the average true range (ATR) was 0.35. Based on the 14-day stochastic reading of 38.61%, the RSI (14) reading is 51.88%. On the 9-day MACD Oscillator, the stock is at -0.26, and the 14-day reading is at -0.38.

Analyst Ratings

Switch Inc. (NYSE: SWCH) was downgraded by Wells Fargo to a an Equal weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Switch Inc. (SWCH) an Hold rating. SWCH is a stock that is recommended for selling by 0 brokerage firms, while 11 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.

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

The current consensus forecast for the stock is between $30.00 and $35.00, with a median target price of $34.25. In analyzing these forecasts, the average price target given by analysts for Switch Inc. (SWCH) is $32.96.

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