Equinix Inc (NASDAQ: EQIX) has a price-to-earnings ratio of 88.23x that is above its average ratio. Additionally, the 36-month beta value for EQIX is 0.71. There are mixed opinions on the stock, with 16 analysts rating it as a “buy,” 7 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for EQIX is 96.01M and currently, short sellers hold a 1.61% ratio of that float. The average trading volume of EQIX on November 28, 2024 was 474.84K shares.
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EQIX) stock’s latest price update
The stock price of Equinix Inc (NASDAQ: EQIX) has jumped by 0.09 compared to previous close of 978.26. Despite this, the company has seen a gain of 6.55% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-25 that The REIT sector snapped a 5-month winning streak with a -3.42% average total return in October. Micro cap (-2.04%) and mid-cap (-2.30%) REITs averaged modest declines in October, while large caps (-3.89%) and small caps (-4.62%) were deeper in the red. 72.90% of REIT securities had a negative total return in October.
EQIX’s Market Performance
EQIX’s stock has risen by 6.55% in the past week, with a monthly rise of 8.08% and a quarterly rise of 19.59%. The volatility ratio for the week is 2.25% while the volatility levels for the last 30 days are 2.08% for Equinix Inc The simple moving average for the past 20 days is 6.56% for EQIX’s stock, with a 18.79% simple moving average for the past 200 days.
Analysts’ Opinion of EQIX
Many brokerage firms have already submitted their reports for EQIX stocks, with HSBC Securities repeating the rating for EQIX by listing it as a “Buy.” The predicted price for EQIX in the upcoming period, according to HSBC Securities is $1000 based on the research report published on October 04, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see EQIX reach a price target of $875, previously predicting the price at $825. The rating they have provided for EQIX stocks is “Overweight” according to the report published on July 23rd, 2024.
Mizuho gave a rating of “Outperform” to EQIX, setting the target price at $873 in the report published on July 11th of the current year.
EQIX Trading at 9.00% 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 -0.37% of loss for the given period.
Volatility was left at 2.08%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +7.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.72% upper at present.
During the last 5 trading sessions, EQIX rose by +6.55%, which changed the moving average for the period of 200-days by +17.58% in comparison to the 20-day moving average, which settled at $918.86. In addition, Equinix Inc saw 21.57% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EQIX starting from PAISLEY CHRISTOPHER B, who sale 100 shares at the price of $891.00 back on Nov 18 ’24. After this action, PAISLEY CHRISTOPHER B now owns 17,794 shares of Equinix Inc, valued at $89,100 using the latest closing price.
PAISLEY CHRISTOPHER B, the Director of Equinix Inc, proposed sale 100 shares at $891.00 during a trade that took place back on Nov 18 ’24, which means that PAISLEY CHRISTOPHER B is holding shares at $89,100 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
- 0.48 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 8.29, with 3.15 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 0.22. The debt to equity ratio resting at 1.12. The interest coverage ratio of the stock is 3.24.
Currently, EBITDA for the company is 2.01 billion with net debt to EBITDA at 5.17. When we switch over and look at the enterprise to sales, we see a ratio of 12.9. The receivables turnover for the company is 7.66for trailing twelve months and the total asset turnover is 0.24.
Conclusion
In conclusion, Equinix Inc (EQIX) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
