Equinix Inc (NASDAQ: EQIX)’s stock price has dropped by -2.44 in relation to previous closing price of 756.84. Nevertheless, the company has seen a loss of -0.20% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-22 that We have narrowed our search to five U.S. bigwigs (market capital > $70 billion) with attractive valuations. These are: NVDA, MU, BDX, ANET, EQIX.
Is It Worth Investing in Equinix Inc (NASDAQ: EQIX) Right Now?
Equinix Inc (NASDAQ: EQIX) has a higher price-to-earnings ratio of 71.61x compared to its average ratio. EQIX has 36-month beta value of 0.60. Analysts have mixed views on the stock, with 14 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for EQIX is 94.31M, and currently, short sellers hold a 2.02% ratio of that float. The average trading volume of EQIX on April 26, 2024 was 618.97K shares.
EQIX’s Market Performance
EQIX’s stock has seen a -0.20% decrease for the week, with a -7.71% drop in the past month and a -9.44% fall in the past quarter. The volatility ratio for the week is 1.64%, and the volatility levels for the past 30 days are at 1.87% for Equinix Inc. The simple moving average for the past 20 days is -4.56% for EQIX’s stock, with a -6.77% simple moving average for the past 200 days.
Analysts’ Opinion of EQIX
Truist, on the other hand, stated in their research note that they expect to see EQIX reach a price target of $915, previously predicting the price at $871. The rating they have provided for EQIX stocks is “Buy” according to the report published on January 16th, 2024.
EQIX Trading at -10.87% from the 50-Day Moving Average
After a stumble in the market that brought EQIX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.30% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares sank -9.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.33% lower at present.
During the last 5 trading sessions, EQIX fell by -0.20%, which changed the moving average for the period of 200-days by -6.20% in comparison to the 20-day moving average, which settled at $769.81. In addition, Equinix Inc saw -8.32% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EQIX starting from Meyers Charles J, who sale 1,754 shares at the price of $903.23 back on Mar 07 ’24. After this action, Meyers Charles J now owns 13,914 shares of Equinix Inc, valued at $1,584,263 using the latest closing price.
TAYLOR KEITH D, the Chief Financial Officer of Equinix Inc, sale 833 shares at $903.01 during a trade that took place back on Mar 07 ’24, which means that TAYLOR KEITH D is holding 24,466 shares at $752,205 based on the most recent closing price.
Stock Fundamentals for EQIX
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.47 for the gross margin
The net margin for Equinix Inc stands at 0.12. The total capital return value is set at 0.05. Equity return is now at value 8.08, with 3.08 for asset returns.
Based on Equinix Inc (EQIX), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.12. The interest coverage ratio of the stock is 3.21.
Currently, EBITDA for the company is 3.32 billion with net debt to EBITDA at 4.72. When we switch over and look at the enterprise to sales, we see a ratio of 10.41. The receivables turnover for the company is 6.54for trailing twelve months and the total asset turnover is 0.25.
Conclusion
To put it simply, Equinix Inc (EQIX) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
