CyrusOne Inc. [NASDAQ: CONE] closed the trading session at $71.73 on 07/29/21. The day’s price range saw the stock hit a low of $69.32, while the highest price level was $77.29. The company report on July 29, 2021 that CyrusOne Reports Second Quarter 2021 Earnings.
Signed $41.8 Million in Annualized GAAP Revenue and 21 Megawatts in 2Q’21.
CyrusOne Inc. (NASDAQ: CONE), a premier global data center REIT, announced second quarter 2021 earnings.
The stocks have a year to date performance of -1.94 percent and weekly performance of 0.18 percent. The stock has been moved at -0.66 percent over the last six months. The stock has performed -1.51 percent around the most recent 30 days and changed 0.39 percent over the most recent 3-months.
If compared to the average trading volume of 1.01M shares, CONE reached to a volume of 3122429 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about CyrusOne Inc. [CONE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CONE shares is $80.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CONE stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Raymond James have made an estimate for CyrusOne Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 29, 2021. The new note on the price target was released on July 29, 2021, representing the official price target for CyrusOne Inc. stock. Previously, the target price had yet another raise to $81, while BMO Capital Markets analysts kept a Outperform rating on CONE stock.
The Average True Range (ATR) for CyrusOne Inc. is set at 1.98, with the Price to Sales ratio for CONE stock in the period of the last 12 months amounting to 7.91. The Price to Book ratio for the last quarter was 3.30, with the Price to Cash per share for the same quarter was set at 2.01.
CONE stock trade performance evaluation
CyrusOne Inc. [CONE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.18. With this latest performance, CONE shares dropped by -1.51% in over the last four-week period, additionally sinking by -0.66% over the last 6 months – not to mention a drop of -11.49% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CONE stock in for the last two-week period is set at 44.63, with the RSI for the last a single of trading hit 41.72, and the three-weeks RSI is set at 46.36 for CyrusOne Inc. [CONE]. The present Moving Average for the last 50 days of trading for this stock 73.96, while it was recorded at 73.28 for the last single week of trading, and 71.53 for the last 200 days.
CyrusOne Inc. [CONE]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and CyrusOne Inc. [CONE] shares currently have an operating margin of +13.97 and a Gross Margin at +16.69. CyrusOne Inc.’s Net Margin is presently recorded at +4.01.
Return on Total Capital for CONE is now 2.45, given the latest momentum, and Return on Invested Capital for the company is 0.70. Return on Equity for this stock inclined to 1.66, with Return on Assets sitting at 0.63. When it comes to the capital structure of this company, CyrusOne Inc. [CONE] has a Total Debt to Total Equity ratio set at 144.13. Additionally, CONE Total Debt to Total Capital is recorded at 59.04, with Total Debt to Total Assets ending up at 53.46. Long-Term Debt to Equity for the company is recorded at 143.97, with the Long-Term Debt to Total Capital now at 58.97.
Reflecting on the efficiency of the workforce at the company, CyrusOne Inc. [CONE] managed to generate an average of $93,878 per employee. Receivables Turnover for the company is 3.30 with a Total Asset Turnover recorded at a value of 0.16.
CyrusOne Inc. [CONE]: Insider Ownership positions
There are presently around $8,986 million, in the hands of institutional investors. The top three institutional holders of CONE stocks are: COHEN & STEERS, INC. with ownership of 20,466,139, which is approximately 1.268% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 17,385,353 shares of the stock with an approximate value of $1.25 billion in CONE stocks shares; and BLACKROCK INC., currently with $1.03 billion in CONE stock with ownership of nearly 1.885% of the company’s market capitalization.
Positions in CyrusOne Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 197 institutional holders increased their position in CyrusOne Inc. [NASDAQ:CONE] by around 8,614,713 shares. Additionally, 194 investors decreased positions by around 9,830,659 shares, while 67 investors held positions by with 106,827,640 shares. The mentioned changes placed institutional holdings at 125,273,012 shares, according to the latest SEC report filing. CONE stock had 54 new institutional investments in for a total of 2,284,205 shares, while 44 institutional investors sold positions of 1,805,146 shares during the same period.