Sify Technologies Limited ADR (SIFY) Shares Decline Despite Market Challenges

Sify Technologies Limited ADR (NASDAQ: SIFY) has seen a decline in its stock price by -7.31 in relation to its previous close of 0.43. However, the company has experienced a -14.81% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-07-08 that CHENNAI, India, July 08, 2024 (GLOBE NEWSWIRE) — Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced the appointment of Dr. Tom Bradicich as the incoming Director on the Board of Sify Technologies Limited.

Is It Worth Investing in Sify Technologies Limited ADR (NASDAQ: SIFY) Right Now?

The 36-month beta value for SIFY is at 1.54. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for SIFY is 182.84M, and currently, shorts hold a 1.34% of that float. The average trading volume for SIFY on July 10, 2024 was 462.41K shares.

SIFY’s Market Performance

SIFY’s stock has seen a -14.81% decrease for the week, with a -55.02% drop in the past month and a -69.44% fall in the past quarter. The volatility ratio for the week is 7.31%, and the volatility levels for the past 30 days are at 13.29% for Sify Technologies Limited ADR The simple moving average for the last 20 days is -11.71% for SIFY stock, with a simple moving average of -70.70% for the last 200 days.

Analysts’ Opinion of SIFY

Many brokerage firms have already submitted their reports for SIFY stocks, with Maxim Group repeating the rating for SIFY by listing it as a “Buy.” The predicted price for SIFY in the upcoming period, according to Maxim Group is $4 based on the research report published on December 04, 2018 of the previous year 2018.

Kaufman Bros, on the other hand, stated in their research note that they expect to see SIFY reach a price target of $7, previously predicting the price at $8. The rating they have provided for SIFY stocks is “Hold” according to the report published on July 24th, 2007.

Kaufman Bros gave a rating of “Hold” to SIFY, setting the target price at $7 in the report published on July 23rd of the previous year.

SIFY Trading at -56.92% from the 50-Day Moving Average

After a stumble in the market that brought SIFY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -88.12% of loss for the given period.

Volatility was left at 13.29%, however, over the last 30 days, the volatility rate increased by 7.31%, as shares sank -51.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -68.22% lower at present.

During the last 5 trading sessions, SIFY fell by -14.81%, which changed the moving average for the period of 200-days by -78.47% in comparison to the 20-day moving average, which settled at $0.4320. In addition, Sify Technologies Limited ADR saw -78.53% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for SIFY

Current profitability levels for the company are sitting at:

  • 0.06 for the present operating margin
  • 0.37 for the gross margin

The net margin for Sify Technologies Limited ADR stands at 0.0. The total capital return value is set at 0.04. Equity return is now at value 0.89, with 0.21 for asset returns.

Based on Sify Technologies Limited ADR (SIFY), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at 1.15. The interest coverage ratio of the stock is 1.32.

Currently, EBITDA for the company is 4.95 billion with net debt to EBITDA at 3.96. When we switch over and look at the enterprise to sales, we see a ratio of 0.83. The receivables turnover for the company is 2.89for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.

Conclusion

In conclusion, Sify Technologies Limited ADR (SIFY) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.

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