Equinix Inc (NASDAQ: EQIX) is -8.84% 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 $871.90 in the last trading session, with the day’s loss setting it -12.38%.
Currently trading at $859.52, the stock is -6.35% and -6.96% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -1.42% at the moment leaves the stock -0.76% off its SMA200. EQIX registered -4.02% loss for a year compared to 6-month gain of 3.86%.
The stock witnessed a -8.22% loss in the last 1 month and extending the period to 3 months gives it a -10.81%, and is -4.99% 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 3.08% over the week and 2.30% over the month.
Equinix Inc (EQIX) has around 13606 employees, a market worth around $83.66B and $8.75B in sales. Current P/E ratio is 100.55 and Fwd P/E is 59.06. Profit margin for the company is 9.32%. Distance from 52-week low is 25.64% and -13.53% from its 52-week high. The company has generated returns on investments over the last 12 months (2.63%).
with sales reaching $2.23B over the same period.The EPS is expected to grow by 53.14% this year, but quarterly earnings will post 4.66% year-over-year. Quarterly sales are estimated to grow 4.99% in year-over-year returns.
Equinix Inc (EQIX) Top Institutional Holders
The shares outstanding are 97.29M, and float is at 96.82M with Short Float at 1.86%.
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 6.0304% and valued at over $4.35 billion, while COHEN & STEERS, INC. holds 2.5002 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 Miller Simon, the company’s Chief Accounting Officer. SEC filings show that Miller Simon sold 417 shares of the company’s common stock on Mar 04 ’25 at a price of $904.84 per share for a total of $0.38 million. Following the sale, the insider now owns 6305.0 shares.
Equinix Inc disclosed in a document filed with the SEC on Mar 04 ’25 that Pletcher Kurt (Chief Legal Officer) sold a total of 116 shares of the company’s common stock. The trade occurred on Mar 04 ’25 and was made at $904.83 per share for $0.1 million. Following the transaction, the insider now directly holds 1969.0 shares of the EQIX stock.
Still, SEC filings show that on Mar 04 ’25, Lin Jonathan (Chief Business Officer) disposed off 93 shares at an average price of $904.87 for $84153.0. The insider now directly holds 7,999 shares of Equinix Inc (EQIX).
