Where Does Switch Inc. (SWCH) Rank When It Comes To Price-To-Earnings Ratio?


Switch Inc. (NYSE:SWCH) finished Wednesday with an addition of $0.01 to close at $33.98, an upside of 0.03 percent. An average of 1,814,100 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 1,315,995 shares traded, while the 50-day average volume stands at 1,612,808.

SWCH stock has increased by 0.09% in the last month. The company shares reached their 1-month lowest point of $33.88 on 09/08/22. With the stock rallying to its 52-week high on 09/21/22, shares of the company touched a low of $23.00 and a high of $34.06 in 52 weeks. It has reached a new high 24 times so far this year and achieved 18.65% or $5.34 in price. In spite of this, the price is down -0.23% from the 52-week high.

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Insider Transactions

7 days have passed since Switch Inc. (SWCH) last reported insider trading activity. Thomas Thomas A, who is Director, most recently acquired $40,000 shares at $33.99 per share on Sep 15. In this transaction, the insider spent $1,359,596. Director, Thomas Thomas A, disposed of 40,000 shares at a price of $33.94 on Aug 15. The insider now owns more than $1,357,576 worth of shares. Prior to that, Director Thomas Thomas A went on to Sale 40,000 shares at $33.74 each on Jul 15. An amount of $1,349,516 was transacted.

Valuation Metrics

Switch Inc. (SWCH) has a trailing price-to-earnings (P/E) ratio of 22.28. The stock’s beta is 0.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 12.74, the price-to-book (PB) ratio at 6.86.

The company has a payout ratio of 8.30%. The company’s most recent quarterly dividend payment was $0.0525 a share, without any change from last year. Its latest increase dividend $0.0005 reported on Thursday May 12 2022.

Financial Health

The quick ratio of Switch Inc. for the three months ended March 30 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.47 and a total debt to equity ratio of 2.48 for the quarter ending March 30. Its gross profit as reported stood at $252.41 million compared to revenue of $592.04 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Switch Inc.’s return on assets was 12.80%.

Earnings Surprise

For the three-month period that ended March 30, Switch Inc. had $1.78 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $376.84 million in the quarter, while revenues of $12.79 million were grew 98.84%. The analyst consensus anticipated Switch Inc.’s latest quarter earnings to come in at $0.06 per share, but it turned out to be $0.1, a 66.70% surprise. For the quarter, EBITDA amounted to $73.36 million. Shareholders own equity worth $244.9 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Switch Inc. (SWCH) price momentum. RSI 9-day as of the close on 21 September was 51.04%, suggesting the stock is Neutral, with historical volatility in this time frame at 1.48%.

As of today, SWCH’s price is $33.99 unch or $unch from its 5-day moving average. SWCH is currently trading +0.03% higher than its 20-day SMA and +11.08% higher than its 100-day SMA. However, the stock’s current price level is +0.83% above the SMA50 and +29.60% above the SMA200.

The stochastic %K and %D were 57.74% and 61.84%, respectively, and the average true range (ATR) was 0.09. With the 14-day stochastic at 45.45% and the average true range at 0.10, the RSI (14) stands at 53.36%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at 0.01.

Analyst Ratings

Wells Fargo downgraded Switch Inc. (NYSE: SWCH) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Switch Inc. (SWCH) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SWCH, while 7 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 SWCH’s price target for the next 12 months?

Analysts predict a range of price targets between $30.00 and $34.25, with a median target of $34.25. Taking a look at these predictions, the average price target given by analysts for Switch Inc. (SWCH) stock is $33.28.


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