Equinix Inc (NASDAQ:EQIX) shares, rose in value, with the stock price down by -0.91% to the previous day’s close as strong demand from buyers drove the stock to $731.61.
Actively observing the price movement in the last trading, the stock closed the session at $738.35. The PE ratio was 70.96 over 12-month period. Referring to stock’s 52-week performance, its high was $914.93, and the low was $672.88. On the whole, EQIX has fluctuated by -10.27% over the past month.
The company’s Forward Dividend Ratio is 15.34, with its dividend yield at 2.10%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.86B, with a low estimate of 2.13B and a high estimate of 2.15B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.14B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EQIX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.35, with the price of EQIX currently trading nearly -4.96% and -11.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.58, while the 7-day volatility ratio is showing 1.68% which for the 30-day chart, stands at 1.86%. Furthermore, Equinix Inc (EQIX)’s beta value is 0.61, and its average true range (ATR) is 16.12.
A comparison of Equinix Inc (EQIX) with its peers suggests the former has fared considerably weaker in the market. EQIX showed an intraday change of -0.91% in last session, and over the past year, it grew by 3.52%%.
Data on historical trading for Equinix Inc (NASDAQ:EQIX) indicates that the trading volumes over the past 3 months, they’ve averaged 622.79K. According to company’s latest data on outstanding shares, there are 94.48 million shares outstanding.
Nearly 0.33% of Equinix Inc’s shares belong to company insiders and institutional investors own 97.98% of the company’s shares. The stock has fallen by -9.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EQIX stock heading into the next quarter.
