At the time of writing, Equinix Inc [EQIX] stock is trading at $811.18, up 2.65%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The EQIX shares have gain 5.44% over the last week, with a monthly amount glided 7.25%, and 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 July 23, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $875 from $825. Previously, Mizuho started tracking the stock with Outperform rating on July 11, 2024, and set its price target to $873. On July 01, 2024, Goldman initiated with a Buy rating and assigned a price target of $870 on the stock. HSBC Securities downgraded its rating to a Hold. Truist upgraded its rating to a Buy and raised its price target to $915 on January 16, 2024. Wolfe Research upgraded its rating to Peer Perform for this stock on January 02, 2024. In a note dated December 06, 2023, KeyBanc Capital Markets initiated an Sector Weight rating.
For the past year, the stock price of Equinix Inc fluctuated between $677.80 and $914.93. Currently, Wall Street analysts expect the stock to reach $846.61 within the next 12 months. Equinix Inc [NASDAQ: EQIX] shares were valued at $811.18 at the most recent close of the market. An investor can expect a potential return of 4.37% based on the average EQIX price forecast.
Analyzing the EQIX fundamentals
According to Equinix Inc [NASDAQ:EQIX], the company’s sales were 8.32B for trailing twelve months, which represents an 6.45% jump. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.17%, 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.13.
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 797.83 points at the first support level, and at 784.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 819.19, and for the 2nd resistance point, it is at 827.21.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.26, the price to book ratio is 6.26 and price to earnings (TTM) ratio is 81.39.
Transactions by insiders
Recent insider trading involved MORANDI BRANDI GALVIN, Chief Legal and HR Officer, that happened on May 17 ’24 when 2800.0 shares were sold. Chief Legal and HR Officer, MORANDI BRANDI GALVIN completed a deal on May 16 ’24 to sell 2070.0 shares. Meanwhile, Director PAISLEY CHRISTOPHER B sold 100.0 shares on May 16 ’24.
