As of Wednesday close, Equinix Inc.’s (NASDAQ:EQIX) stock was up $15.7, moving up 2.39 percent to $671.77. The average number of shares traded per day over the past five days has been 368,120 shares. 4 times new highs have been achieved over the past 5 days, with a $23.88 gain in that time frame. In the last twenty days, the average volume was 526,215, while in the previous 50 days, it was 536,480.
Since last month, EQIX stock rose 21.06%. Shares of the company fell to $525.89 on 10/24/22, the lowest level in the past month. A 52-week high of $853.42 was reached on 01/03/22 after having rallying from a 52-week low of $494.89. Since the beginning of this year, EQIX’s stock price has dropped by -20.58% or -$174.07, and marked a new high 1 time. However, the stock has declined by -21.28% since its 52-week high.
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EQIX stock investors should be aware that Equinix Inc. (EQIX) stock had its last reported insider trading activity 8 days ago on Nov 16. PAISLEY CHRISTOPHER B, the Director of the company, disposed of 50 shares for $658.69 on Nov 16. It resulted in a $32,934 divestment by the insider. MORANDI BRANDI GALVIN sold 65 shares at an average price of $549.83 on Oct 28. The insider now owns 17,285 shares following the transaction. On Sep 08, CEO and President Meyers Charles J sold 377 shares at $650.00 apiece. The transaction was valued at $245,050.
Right now, Equinix Inc. (EQIX) has a P/E ratio of about 87.92. The stock’s beta is 0.54. Besides these, the trailing price-to-sales (P/S) ratio of 8.66, the price-to-book (PB) ratio of 5.53.
The latest dividend of $3.10 per share was paid out, remained unchanged from last year’s $3.10. On Wednesday February 16 2022, a $0.23 dividend increase was announced.
In the three months ended September 29, Equinix Inc.’s quick ratio stood at 2.40, while its current ratio was 2.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.30, and the total debt-to-equity ratio was 1.31. On the profitability front, the trailing twelve-month gross margin is 48.00% percent. In the year ended September 29, operating margins totaled 16.50%. Based on annual data, EQIX earned $3.16 billion in gross profit and brought in $6.64 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.60%. Return on equity (ROE) for the past 12 months was 6.40%.
In Equinix Inc.’s quarter-end financial report for September 29, it reported total debt of $599.13 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EQIX’s revenue rose 8.99% to $1.82 billion during the quarter, while net income inched up to $1.84 billion. While analysts expected Equinix Inc. to report $1.78 quarterly earnings, the actual figure was $2.3 per share, beating the consensus estimate by 29.20%. During the quarter, the company generated $767.88 million in EBITDA. The liabilities of Equinix Inc. were 18.17 billion at the end of its most recent quarter ended September 29, and its total debt was $16.02 billion. The value of shareholders’ equity is $92.54 million.
This quick technical analysis looks at Equinix Inc.’s (EQIX) price momentum. With a historical volatility rate of 30.32%, the RSI 9-day stood at 72.05% on 23 November.
With respect to its five-day moving average, the current Equinix Inc. price is up by +3.69% percent or $23.88. At present, EQIX shares trade +21.01% above its 20-day simple moving average and +0.69% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.20% above its SMA50 and -2.72% below its SMA200.
Stochastic coefficient K was 95.31% and Stochastic coefficient D was 91.06%, while ATR was 18.10. Given the Stochastic reading of 99.81% for the 14-day period, the RSI (14) reading has been calculated as 67.91%. As of today, the MACD Oscillator reading stands at 8.16, while the 14-day reading stands at 22.73.
Equinix Inc. downgraded its rating on Equinix Inc. (NASDAQ: EQIX) to an Equal weight in a note to investors on September 23, 2022. The analysts firm previously had an Overweight rating on the stock.Equinix Inc. (EQIX) has been rated Overweight by analysts. According to 1 brokerage firm, EQIX is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Equinix Inc. stock as buy, with 18 recommending it as overweight.
With a median target price of $702.00, the current consensus forecast for the stock is $591.00 – $870.00. Based on these forecasts, analysts predict Equinix Inc. (EQIX) will achieve an average price target of $712.91.