A share price of Equinix Inc [EQIX] is currently trading at $914.33, up 2.07%. 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 2.14% over the last week, with a monthly amount glided 4.02%, 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 October 04, 2024, when HSBC Securities upgraded its rating to a Buy and also boosted its price target to $1000 from $865. Previously, Wells Fargo upgraded its rating to Overweight on July 23, 2024, and elevated its price target to $875. On July 11, 2024, Mizuho initiated with a Outperform rating and assigned a price target of $873 on the stock. Goldman started tracking the stock assigning a Buy rating and suggested a price target of $870 on July 01, 2024. HSBC Securities downgraded its rating to a Hold. Truist upgraded its rating to Buy for this stock on January 16, 2024, and upped its price target to $915. In a note dated January 02, 2024, Wolfe Research upgraded an Peer Perform rating on this stock.
Equinix Inc experienced fluctuations in its stock price throughout the past year between $677.80 and $914.93. Currently, Wall Street analysts expect the stock to reach $880.35 within the next 12 months. Equinix Inc [NASDAQ: EQIX] shares were valued at $914.33 at the most recent close of the market. An investor can expect a potential drop of -3.72% based on the average EQIX price forecast.
Analyzing the EQIX fundamentals
Trailing Twelve Months sales for Equinix Inc [NASDAQ:EQIX] were 8.46B which represents 6.97% growth. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.12%. 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 1.44.
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 903.88 points at the first support level, and at 893.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 933.90, and for the 2nd resistance point, it is at 953.47.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 10.26, the price to book ratio is 7.07 and price to earnings (TTM) ratio is 83.71.
Transactions by insiders
Recent insider trading involved DAVID J. MORANDI TTEE AND BRAN, Officer, that happened on Oct 25 ’24 when 2589.0 shares were purchased. Chief Legal and HR Officer, MORANDI BRANDI GALVIN completed a deal on Sep 10 ’24 to sell 864.0 shares. Meanwhile, Officer DAVID J. MORANDI TTEE ANDBRAND bought 864.0 shares on Sep 10 ’24.
