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Tuesday, January 31, 2023

This Is Too Hot For Cyxtera Technologies Inc. (NASDAQ: CYXT), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Cyxtera Technologies Inc. (CYXT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.27, or 11.49%, to $2.62. The Cyxtera Technologies Inc. has recorded 8,029 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Cyxtera to Speak at Upcoming Investor Conferences.

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Stocks Info

As a NASDAQ listed company, CYXT falls under the Technology sector while operating within the Information Technology Services industry segment. At the end of the last regular session, the stock closed at $2.35 and fluctuated between $2.4500 as its day high and $2.3250 as its day low. The current market capitalization of Cyxtera Technologies Inc. is $422.11M. A total of 0.68 million shares were traded on the day, compared to an average of 576.56K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CYXT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 19 SELLs from insiders. Insiders purchased 19,363,888 shares during that period but sold 439,645,270.

In the most recent transaction, Miranda Edmundo sold 1,548 shares of CYXT for 11.77 per share on Aug 10. After the transaction, the Principal Accounting Officer now owns 5,944 company shares. In a previous transaction on Aug 10, Semah Victor sold 8,292 shares at 11.77 per share. CYXT shares that Chief Legal Officer owns now total 29,202.

Among the insiders who sold shares, Sagasta Carlos Ignacio disposed of 19,304 shares on Aug 10 at a per-share price of $11.77. This resulted in the Chief Financial Officer holding 54,258 shares of CYXT after the transaction. In another insider transaction, Rowland James Randolph sold 16,994 shares at $11.77 per share on Aug 10. Company shares held by the Chief Operating Officer now total 59,845.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CYXT in the last 3 months, the mean price target is $6.00 with high estimates of $9.00 and low estimates of $2.00. In terms of 52-week highs and lows, CYXT has a high of $15.42 and a low of $1.53.

As of this writing, CYXT has an earnings estimate of -$0.21 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.29. The company reported an EPS of -$0.23 in the last quarter, which was -4.50% lower than expectations of -$0.22.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CYXT is Overweight with a score of 4.00. A total of 5 analysts rated the stock as Buy while 1 rated it as Overweight while 1 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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