In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Equinix Inc (NASDAQ: EQIX) closed at $726.34 down -0.72% from its previous closing price of $731.61. In other words, the price has decreased by -$0.72 from its previous closing price. On the day, 1.0 million shares were traded. EQIX stock price reached its highest trading level at $738.95 during the session, while it also had its lowest trading level at $719.24.
Ratios:
For a deeper understanding of Equinix Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 157.78. In the meantime, Its Debt-to-Equity ratio is 1.40 whereas as Long-Term Debt/Eq ratio is at 1.30.
On January 16, 2024, Truist Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $871 to $915.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 07 ’24 when Meyers Charles J sold 1,754 shares for $903.23 per share. The transaction valued at 1,584,263 led to the insider holds 13,914 shares of the business.
TAYLOR KEITH D sold 833 shares of EQIX for $752,205 on Mar 07 ’24. The Chief Financial Officer now owns 24,466 shares after completing the transaction at $903.01 per share. On Mar 07 ’24, another insider, MORANDI BRANDI GALVIN, who serves as the Chief Legal and HR Officer of the company, sold 690 shares for $903.02 each. As a result, the insider received 623,081 and left with 14,953 shares of the company.
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 69432877056 and an Enterprise Value of 84111351808. As of this moment, Equinix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 70.44, and their Forward P/E ratio for the next fiscal year is 56.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.39 while its Price-to-Book (P/B) ratio in mrq is 5.49. Its current Enterprise Value per Revenue stands at 10.847 whereas that against EBITDA is 29.349.
Stock Price History:
The Beta on a monthly basis for EQIX is 0.60, which has changed by 0.03295076 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, EQIX has reached a high of $914.93, while it has fallen to a 52-week low of $672.88. The 50-Day Moving Average of the stock is -11.90%, while the 200-Day Moving Average is calculated to be -8.23%.
Shares Statistics:
For the past three months, EQIX has traded an average of 628.63K shares per day and 674580 over the past ten days. A total of 94.48M shares are outstanding, with a floating share count of 94.31M. Insiders hold about 0.33% of the company’s shares, while institutions hold 97.98% stake in the company. Shares short for EQIX as of 1713139200 were 1902321 with a Short Ratio of 3.03, compared to 1710460800 on 1388286. Therefore, it implies a Short% of Shares Outstanding of 1902321 and a Short% of Float of 2.31.
Dividends & Splits
According to the company, the forward annual dividend rate for EQIX is 15.34, from 14.49 in the trailing year. Against a Trailing Annual Dividend Yield of 0.019805634The stock’s 5-year Average Dividend Yield is 1.66. The current Payout Ratio is 140.55% for EQIX, which recently paid a dividend on 2024-02-27 with an ex-dividend date of 1708992000. Stock splits for the company last occurred on 2002-12-31 when the company split stock in a 1:32 ratio.
Earnings Estimates
The performance of Equinix Inc (EQIX) in the stock market is under the watchful eye of 18.0 analysts actively contributing to its current rating.On average, analysts expect EPS of $2.64 for the current quarter, with a high estimate of $2.97 and a low estimate of $2.1, while EPS last year was $2.77. The consensus estimate for the next quarter is $2.84, with high estimates of $3.37 and low estimates of $2.35.
Analysts are recommending an EPS of between $17.25 and $9.36 for the fiscal current year, implying an average EPS of $11.93. EPS for the following year is $13.45, with 19.0 analysts recommending between $19.51 and $9.87.
Revenue Estimates
A total of 18 analysts believe the company’s revenue will be $2.14B this quarter.It ranges from a high estimate of $2.15B to a low estimate of $2.13B. As of the current estimate, Equinix Inc’s year-ago sales were $2BFor the next quarter, 18 analysts are estimating revenue of $2.18B. There is a high estimate of $2.22B for the next quarter, whereas the lowest estimate is $2.16B.
A total of 22 analysts have provided revenue estimates for EQIX’s current fiscal year. The highest revenue estimate was $9B, while the lowest revenue estimate was $8.8B, resulting in an average revenue estimate of $8.86B. In the same quarter a year ago, actual revenue was $8.19BBased on 22 analysts’ estimates, the company’s revenue will be $9.64B in the next fiscal year. The high estimate is $9.97B and the low estimate is $9.39B.
