Equinix Inc. (REIT) (NASDAQ:EQIX) has a beta of 0.28, a 12-month trailing P/E ratio of 159.36, and a growth ratio of 4.26. The stock’s Relative Strength Index (RSI) is 59.74, with weekly volatility at 2.00% and ATR at 15.23. The EQIX stock’s 52-week price range has touched low of $586.73 and a $839.77 high. Its shares traded higher over the last trading session, gaining 1.78% on 05/20/21. The shares fell to a low of $714.815 before closing at $728.12. Intraday shares traded counted 0.43 million, which was 19.12% higher than its 30-day average trading volume of 537.72K. EQIX’s previous close was $715.36 while the outstanding shares total 89.33M.
Investors have identified the REIT – Specialty company Equinix Inc. (REIT) as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $64.63 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Equinix Inc. (REIT) (EQIX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For EQIX, the company has in raw cash 1.75 billion on their books with 79.9 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 2.85 billion total, with 1.83 billion as their total liabilities.
EQIX were able to record -226.18 million as free cash flow during the 08/04/2021 quarter of the year, this saw their quarterly net cash flow reduce by 146.11 million. In cash movements, the company had a total of 391.16 million as operating cash flow.
Potential earnings growth for Equinix Inc. (REIT) (EQIX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/04/2021 quarter of the year, Equinix Inc. (REIT) recorded a total of 1.6 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 9.49% coming in sequential stages and their sales for the 08/04/2021 quarter increasing by 2.0%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 811.22 million trying to sell their products during the last quarter, with the result yielding a gross income of 784.85 million. This allows shareholders to hold on to 89.33M with the recently reported earning now reading 1.75 cents per share. This is a figure that compared to analyst’s prediction for their 08/04/2021 (6.98 cents a share).
Having a look at the company’s valuation, the company is expected to record 27.33 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on EQIX sounds very interesting.
Is the stock of EQIX attractive?
In related news, Director, PAISLEY CHRISTOPHER B sold 200 shares of the company’s stock in a transaction that recorded on May 17. The sale was performed at an average price of 714.96, for a total value of 142,992. As the sale deal closes, the Chief Financial Officer, TAYLOR KEITH D now sold 1,000 shares of the company’s stock, valued at 711,346. Also, CEO and President, Meyers Charles J sold 2,465 shares of the company’s stock in a deal that was recorded on Mar 11. The shares were price at an average price of 653.66 per share, with a total market value of 1,611,274. Following this completion of acquisition, the Chief Sales Officer, Campbell Michael Earl now holds 742 shares of the company’s stock, valued at 484,306. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.