Equinix Inc [EQIX] stock is trading at $772.43, up 11.51%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EQIX shares have gain 10.55% over the last week, with a monthly amount drifted -0.46%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Equinix Inc [NASDAQ: EQIX] stock has seen the most recent analyst activity on March 20, 2024, when HSBC Securities downgraded its rating to a Hold. Previously, Truist upgraded its rating to Buy on January 16, 2024, and elevated its price target to $915. On January 02, 2024, upgrade upgraded it’s rating to Peer Perform. KeyBanc Capital Markets started tracking the stock assigning a Sector Weight rating. HSBC Securities initiated its recommendation with a Buy and recommended $875 as its price target on December 01, 2023. Oppenheimer upgraded its rating to Outperform for this stock on November 21, 2023. In a note dated October 13, 2023, Scotiabank initiated an Sector Outperform rating and provided a target price of $856 on this stock.
Equinix Inc [EQIX] stock has fluctuated between $672.88 and $914.93 over the past year. Currently, Wall Street analysts expect the stock to reach $815.53 within the next 12 months. Equinix Inc [NASDAQ: EQIX] shares were valued at $772.43 at the most recent close of the market. An investor can expect a potential return of 5.58% based on the average EQIX price forecast.
Analyzing the EQIX fundamentals
Equinix Inc [NASDAQ:EQIX] reported sales of 8.32B for the trailing twelve months, which represents a growth of 6.45%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.08 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 755.64 points at the first support level, and at 738.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 794.61, and for the 2nd resistance point, it is at 816.79.
Equinix Inc [EQIX] reported earnings per share of $2.43 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.64/share, meaning a difference of -$0.21 and a surprise factor of -8.00%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $2.4 per share as compared to estimates of $2.17 per share, a difference of $0.23 representing a surprise of 10.60%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.79, the price to book ratio is 5.96 and price to earnings (TTM) ratio is 77.51.
Transactions by insiders
Recent insider trading involved Meyers Charles J, CEO and President, that happened on Mar 07 ’24 when 1754.0 shares were sold. Chief Financial Officer, TAYLOR KEITH D completed a deal on Mar 07 ’24 to sell 833.0 shares. Meanwhile, Chief Legal and HR Officer MORANDI BRANDI GALVIN sold 690.0 shares on Mar 07 ’24.
