Equinix Inc (NASDAQ: EQIX) is -2.11% lower on its value in year-to-date trading and has touched a low of $684.14 and a high of $994.03 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 $935.20 in the last trading session, with the day’s loss setting it -12.2%.
Currently trading at $923.00, the stock is -0.32% and -1.61% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing -1.30% at the moment leaves the stock 8.16% off its SMA200. EQIX registered 8.59% gain for a year compared to 6-month gain of 11.25%. The firm has a 50-day simple moving average (SMA 50) of $939.2424 and a 200-day simple moving average (SMA200) of $852.3913.
The stock witnessed a 2.77% loss in the last 1 month and extending the period to 3 months gives it a 1.04%, and is -1.63% 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 2.19% over the week and 2.36% over the month.
Equinix Inc (EQIX) has around 13606 employees, a market worth around $89.06B and $8.75B in sales. Current P/E ratio is 107.97 and Fwd P/E is 62.28. Profit margin for the company is 9.32%. Distance from 52-week low is 34.91% and -7.15% from its 52-week high. The company has generated returns on investments over the last 12 months (2.63%).
The EPS is expected to grow by 53.61% this year
1750.0 institutions hold shares in Equinix Inc (EQIX), with institutional investors hold 100.11% of the company’s shares. The shares outstanding are 97.29M, and float is at 95.66M with Short Float at 1.98%. Institutions hold 99.47% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 12.58 million shares valued at $9.52 billion. The investor’s holdings represent 13.2862 of the EQIX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.86 million shares valued at $7.46 billion to account for 10.4132 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.74 million shares representing 6.0679 and valued at over $4.35 billion, while COHEN & STEERS, INC. holds 2.5157 of the shares totaling 2.38 million with a market value of $1.8 billion.
Equinix Inc (EQIX) Insider Activity
The most recent transaction is an insider sale by Meyers Charles J, the company’s Executive Chairman. SEC filings show that Meyers Charles J sold 4,241 shares of the company’s common stock on Jan 17 ’25 at a price of $920.99 per share for a total of $3.91 million. Following the sale, the insider now owns 10992.0 shares.
Equinix Inc disclosed in a document filed with the SEC on Jan 16 ’25 that TAYLOR KEITH D (Chief Financial Officer) sold a total of 3,184 shares of the company’s common stock. The trade occurred on Jan 16 ’25 and was made at $909.82 per share for $2.9 million. Following the transaction, the insider now directly holds 22076.0 shares of the EQIX stock.
Still, SEC filings show that on Jan 17 ’25, CHARLES J MEYERS (Officer) Proposed Sale 4,241 shares at an average price of $919.89 for $3.9 million. The insider now directly holds shares of Equinix Inc (EQIX).
