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After finishing at $900.01 in the prior trading day, Equinix Inc (NASDAQ: EQIX) closed at $919.89, up 2.21%. In other words, the price has increased by $2.21 from its previous closing price. On the day, 0.51 million shares were traded. EQIX stock price reached its highest trading level at $921.68 during the session, while it also had its lowest trading level at $899.99.
Ratios:
Our goal is to gain a better understanding of EQIX by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 462.31. In the meantime, Its Debt-to-Equity ratio is 1.41 whereas as Long-Term Debt/Eq ratio is at 1.22.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, HSBC Securities on October 04, 2024, Upgraded its rating to Buy and sets its target price to $1000 from $865 previously.
On July 23, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $825 to $875.
On July 11, 2024, Mizuho started tracking the stock assigning a Outperform rating and target price of $873.Mizuho initiated its Outperform rating on July 11, 2024, with a $873 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 15 ’25 when Pletcher Kurt bought 341 shares for $903.71 per share.
Lin Jonathan bought 1,328 shares of EQIX for $1,200,131 on Jan 16 ’25. On Jan 16 ’25, another insider, Abdel Raouf, who serves as the Officer of the company, bought 1,331 shares for $903.71 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EQIX now has a Market Capitalization of 88758534144 and an Enterprise Value of 105194520576. As of this moment, Equinix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 82.90, and their Forward P/E ratio for the next fiscal year is 70.97. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 9.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.32 while its Price-to-Book (P/B) ratio in mrq is 6.53. Its current Enterprise Value per Revenue stands at 12.521 whereas that against EBITDA is 31.374.
Stock Price History:
The Beta on a monthly basis for EQIX is 0.72, which has changed by 0.14600909 over the last 52 weeks, in comparison to a change of 0.22677135 over the same period for the S&P500. Over the past 52 weeks, EQIX has reached a high of $994.03, while it has fallen to a 52-week low of $684.14. The 50-Day Moving Average of the stock is -1.86%, while the 200-Day Moving Average is calculated to be 9.79%.
Shares Statistics:
The stock has traded on average 511.56K shares per day over the past 3-months and 516290 shares per day over the last 10 days, according to various share statistics. A total of 96.49M shares are outstanding, with a floating share count of 96.02M. Insiders hold about 0.48% of the company’s shares, while institutions hold 98.46% stake in the company. Shares short for EQIX as of 1735603200 were 1815485 with a Short Ratio of 3.55, compared to 1732838400 on 1646773. Therefore, it implies a Short% of Shares Outstanding of 1815485 and a Short% of Float of 2.16.
Dividends & Splits
In the trailing 12 months, EQIX’s forward annual dividend rate was 17.04, compared to 17.04 this year. Against a Trailing Annual Dividend Yield of 0.018933123The stock’s 5-year Average Dividend Yield is 1.68. The current Payout Ratio is 140.55% for EQIX, which recently paid a dividend on 2024-11-13 with an ex-dividend date of 1731456000. Stock splits for the company last occurred on 2002-12-31 when the company split stock in a 1:32 ratio.
