Equinix Inc (NASDAQ: EQIX)’s stock price has gone rise by 1.12 in comparison to its previous close of 921.57, however, the company has experienced a -3.43% decrease in its stock price over the last five trading days. zacks.com reported 2024-12-20 that EQIX’s latest initiative empowers partners to implement AI strategies using a customized and integrated solution designed to meet the demand of a rapidly evolving market.
Is It Worth Investing in Equinix Inc (NASDAQ: EQIX) Right Now?
Equinix Inc (NASDAQ: EQIX) has a price-to-earnings ratio that is above its average at 83.98x. The stock has a 36-month beta value of 0.72. Opinions on the stock are mixed, with 16 analysts rating it as a “buy,” 6 as “overweight,” 4 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for EQIX is 95.62M, and at present, short sellers hold a 1.72% of that float. On December 20, 2024, the average trading volume of EQIX was 489.12K shares.
EQIX’s Market Performance
EQIX’s stock has seen a -3.43% decrease for the week, with a 1.41% rise in the past month and a 5.67% gain in the past quarter. The volatility ratio for the week is 2.53%, and the volatility levels for the past 30 days are at 1.99% for Equinix Inc The simple moving average for the past 20 days is -3.16% for EQIX’s stock, with a 12.20% 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 0.80% 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 -6.25% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares surge +0.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.51% upper at present.
During the last 5 trading sessions, EQIX fell by -3.92%, which changed the moving average for the period of 200-days by +2.33% in comparison to the 20-day moving average, which settled at $962.05. In addition, Equinix Inc saw 15.71% 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 Fox-Martin Adaire, who sale 2,965 shares at the price of $961.62 back on Dec 03 ’24. After this action, Fox-Martin Adaire now owns 3,069 shares of Equinix Inc, valued at $2,851,209 using the latest closing price.
Pletcher Kurt, the Chief Legal Officer of Equinix Inc, sale 222 shares at $962.20 during a trade that took place back on Dec 03 ’24, which means that Pletcher Kurt is holding 1,015 shares at $213,608 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 12.37. The receivables turnover for the company is 7.66for trailing twelve months and the total asset turnover is 0.24.
Conclusion
To sum up, Equinix Inc (EQIX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
