Equinix Inc. [NASDAQ: EQIX] stock went on a downward path that fall over -3.39% on Friday, amounting to a one-week price decrease of less than -5.90%. The company report on September 2, 2022 that MEDIA ALERT: Equinix to Speak at Upcoming Investor Conferences.
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Equinix, Inc. (Nasdaq: EQIX), the world’s digital infrastructure company™, today announced that its executives will attend two upcoming investor conferences:.
Bank of America Securities Media, Communications & Entertainment Conference on Thursday, September 8. Keith Taylor, Chief Financial Officer, will present at 10:30 a.m. PT.
Over the last 12 months, EQIX stock dropped by -27.82%. The one-year Equinix Inc. stock forecast points to a potential upside of 21.57. The average equity rating for EQIX stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $59.10 billion, with 91.04 million shares outstanding and 90.78 million shares in the current float. Compared to the average trading volume of 463.75K shares, EQIX stock reached a trading volume of 380077 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Equinix Inc. [EQIX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQIX shares is $804.77 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EQIX stock is a recommendation set at 2.00. 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.
Oppenheimer have made an estimate for Equinix Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on July 28, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price from $750 to $790. The new note on the price target was released on June 30, 2022, representing the official price target for Equinix Inc. stock. Previously, the target price had yet another raise to $950, while Citigroup analysts kept a Buy rating on EQIX stock. On February 17, 2022, analysts decreased their price target for EQIX shares from 900 to 850.
The Average True Range (ATR) for Equinix Inc. is set at 16.95, with the Price to Sales ratio for EQIX stock in the period of the last 12 months amounting to 8.52. The Price to Book ratio for the last quarter was 5.41.
EQIX Stock Performance Analysis:
Equinix Inc. [EQIX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.90. With this latest performance, EQIX shares dropped by -9.45% in over the last four-week period, additionally sinking by -12.45% over the last 6 months – not to mention a drop of -27.82% 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 EQIX stock in for the last two-week period is set at 33.85, with the RSI for the last a single of trading hit 25.80, and the three-weeks RSI is set at 39.05 for Equinix Inc. [EQIX]. The present Moving Average for the last 50 days of trading for this stock 669.71, while it was recorded at 651.41 for the last single week of trading, and 714.12 for the last 200 days.
Insight into Equinix Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Equinix Inc. [EQIX] shares currently have an operating margin of +19.50 and a Gross Margin at +60.51. Equinix Inc.’s Net Margin is presently recorded at +7.54.
Return on Equity for this stock inclined to 4.65, with Return on Assets sitting at 1.82.
Equinix Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.
EQIX Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EQIX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Equinix Inc. go to 28.60%.
Equinix Inc. [EQIX] Insider Position Details
There are presently around $54,380 million, or 97.30% of EQIX stock, in the hands of institutional investors. The top three institutional holders of EQIX stocks are: VANGUARD GROUP INC with ownership of 11,929,706, which is approximately -0.008% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 9,025,046 shares of the stock with an approximate value of $5.7 billion in EQIX stocks shares; and STATE STREET CORP, currently with $3.79 billion in EQIX stock with ownership of nearly 11.724% of the company’s market capitalization.
Positions in Equinix Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 454 institutional holders increased their position in Equinix Inc. [NASDAQ:EQIX] by around 5,503,391 shares. Additionally, 449 investors decreased positions by around 3,644,890 shares, while 142 investors held positions by with 77,011,277 shares. The mentioned changes placed institutional holdings at 86,159,558 shares, according to the latest SEC report filing. EQIX stock had 83 new institutional investments in for a total of 405,011 shares, while 109 institutional investors sold positions of 452,491 shares during the same period.