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After finishing at $700.18 in the prior trading day, Equinix Inc (NASDAQ: EQIX) closed at $693.73, down -0.92%. In other words, the price has decreased by -$0.92 from its previous closing price. On the day, 0.67 million shares were traded. EQIX stock price reached its highest trading level at $708.99 during the session, while it also had its lowest trading level at $688.07.
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 30.67 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 150.70. 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:
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 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 66450034688 and an Enterprise Value of 81025744896. As of this moment, Equinix’s Price-to-Earnings (P/E) ratio for their current fiscal year is 67.28, and their Forward P/E ratio for the next fiscal year is 53.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.02 while its Price-to-Book (P/B) ratio in mrq is 5.25. Its current Enterprise Value per Revenue stands at 10.449 whereas that against EBITDA is 28.272.
Stock Price History:
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 -14.20%, while the 200-Day Moving Average is calculated to be -12.07%.
Shares Statistics:
The stock has traded on average 661.68K shares per day over the past 3-months and 854770 shares per day over the last 10 days, according to various share statistics. A total of 94.48M shares are outstanding, with a floating share count of 94.33M. Insiders hold about 0.31% of the company’s shares, while institutions hold 98.41% stake in the company. Shares short for EQIX as of 1713139200 were 1902321 with a Short Ratio of 2.87, 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
In the trailing 12 months, EQIX’s forward annual dividend rate was 14.49, compared to 15.34 this year. Against a Trailing Annual Dividend Yield of 0.020694679The stock’s 5-year Average Dividend Yield is 1.66.
