Equinix Inc (NASDAQ: EQIX) is -8.32% lower on its value in year-to-date trading and has touched a low of $672.88 and a high of $914.93 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The EQIX stock was last observed hovering at around $756.84 in the last trading session, with the day’s loss setting it -18.49%.
Currently trading at $738.35, the stock is -4.56% and -10.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing -2.44% at the moment leaves the stock -6.77% off its SMA200. EQIX registered 3.98% gain for a year compared to 6-month gain of 4.86%.
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The stock witnessed a -7.71% loss in the last 1 month and extending the period to 3 months gives it a -9.44%, and is -0.20% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.64% over the week and 1.87% over the month.
Equinix Inc (EQIX) has around 13151 employees, a market worth around $69.86B and $8.19B in sales. Current P/E ratio is 71.61 and Fwd P/E is 57.01. Profit margin for the company is 11.84%. Distance from 52-week low is 9.73% and -19.30% from its 52-week high. The company has generated returns on investments over the last 12 months (3.38%).
The EPS is expected to grow by 12.95% this year
The shares outstanding are 94.48M, and float is at 94.31M with Short Float at 2.02%.
Equinix Inc (EQIX) Insider Activity
The most recent transaction is an insider sale by Meyers Charles J, the company’s CEO and President. SEC filings show that Meyers Charles J sold 1,754 shares of the company’s common stock on Mar 07 ’24 at a price of $903.23 per share for a total of $1.58 million. Following the sale, the insider now owns 13914.0 shares.
Equinix Inc disclosed in a document filed with the SEC on Mar 07 ’24 that TAYLOR KEITH D (Chief Financial Officer) sold a total of 833 shares of the company’s common stock. The trade occurred on Mar 07 ’24 and was made at $903.01 per share for $0.75 million. Following the transaction, the insider now directly holds 24466.0 shares of the EQIX stock.
Still, SEC filings show that on Mar 07 ’24, MORANDI BRANDI GALVIN (Chief Legal and HR Officer) disposed off 690 shares at an average price of $903.02 for $0.62 million. The insider now directly holds 14,953 shares of Equinix Inc (EQIX).
