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. After-hours trades for Equinix Inc. (EQIX) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$1.26, or -0.18%, to $706.00. The Equinix Inc. has recorded 37,097 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Equinix Declares Quarterly Dividend on Its Common Stock.
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Equinix Inc. is listed on the NASDAQ as a member of the Real Estate sector and is a part of the REIT – Specialty industry. At the end of the last regular session, the stock closed at $707.26 and fluctuated between $712.19 as its day high and $681.44 as its day low. The current market capitalization of Equinix Inc. is $65.92B. A total of 0.82 million shares were traded on the day, compared to an average of 401.73K shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, EQIX has seen 22 BUY and 135 SELL insider trades, representing the acquisition of 14,055 and the disposition of 10,823 shares. Over the last 12 months, there were 86 BUYs and 393 SELLs from insiders. Insiders purchased 88,733 shares during that period but sold 62,880.
In the most recent transaction, PAISLEY CHRISTOPHER B sold 75 shares of EQIX for 738.20 per share on May 16. After the transaction, the Director now owns 17,627 company shares. In a previous transaction on May 08, Campbell Michael Earl sold 1,600 shares at 739.50 per share. EQIX shares that Chief Sales Officer owns now total 12,906.
Among the insiders who sold shares, Miller Simon disposed of 1,360 shares on May 08 at a per-share price of $739.41. This resulted in the Chief Accounting Officer holding 3,718 shares of EQIX after the transaction. In another insider transaction, STROHMEYER KARL sold 6,665 shares at $735.80 per share on May 05. Company shares held by the Chief Customer & Rev Officer now total 16,582.
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Equinix Inc. pays an annual dividend of $13.64, resulting in a dividend yield of 1.93%, and it has a price to earnings (P/E) ratio of 80.10. EQIX’s most recent ex-dividend date was 5/23/2023 when it declared a $3.41 quarterly dividend that was paid in cash on 6/21/2023. Previously, the company paid the dividend on 3/22/2023 with an ex-dividend date of 3/6/2023. The EQIX stock dividend was $3.41 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for EQIX in the last 3 months, the mean price target is $795.00 with high estimates of $886.00 and low estimates of $647.00. In terms of 52-week highs and lows, EQIX has a high of $762.51 and a low of $494.89.
As of this writing, EQIX has an earnings estimate of $2.04 per share for the current quarter. EPS was calculated based on a consensus of 14 estimates, with a high estimate of $2.35 per share and a lower estimate of $1.5. The company reported an EPS of $1.39 in the last quarter, which was -20.10% lower than expectations of $1.74.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. EQIX’s latest balance sheet shows that the firm has $1.54B in Cash & Short Term Investments as of fiscal 2021. There were $14.99B in debt and $1.61B in liabilities at the time. Its Book Value Per Share was $129.38, while its Total Shareholder’s Equity was $10.88B.
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 EQIX is Buy with a score of 4.45.