Equinix, Inc. (REIT) (NASDAQ:EQIX) has announced a USD 1 billion joint venture with Singapore’s sovereign wealth fund GIC to develop and operate xScale-branded data centres in Europe. The aim is to serve the unique core workload deployment needs of a targeted group of hyperscale cloud service providers including existing Equinix clients Alibaba Cloud, Amazon Web Services, Microsoft Azure, Oracle Cloud Infrastructure and Google Cloud rather than enter the wholesale market. Equinix said the facilities will be built on or close to some of its existing IBX campuses, allowing clients to increasingly
The insider ownership percentage is the key indicator, can be used by investors, to measure the outlook of senior management has on their company. Insider ownership for the EQIX is 0.30%. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. The Institutional ownership for the EQIX is 96.08%.
Insider trading is the buying or selling of any publicly traded company’s stock and this can be done by someone who has non-public, material information about that EQIX. Insider trading can be illegal or legal depending on when the insider makes the trade. It is illegal when the material information is still non-public. The insider transactions of the company (6-month change in insider ownerships) for the Equinix, Inc. (REIT) (NASDAQ:EQIX) is -15.55%.
Institutional transactions is the amount of a Equinix, Inc. (REIT) (NASDAQ:EQIX)’s available stock owned by mutual or pension funds, insurance companies, investment firms, private foundations, endowments or other large entities that actually manage the funds on the behalf of others, so its an interesting element for the traders to note it, and the Institutional ownership for the EQIX is 5.97%.
A Technology sector firm, Equinix, Inc. (REIT) (NASDAQ:EQIX) stock gained 1.98% on Tuesday and when day-trade ended the stock finally concluded at $514.94 and number of shares that changed hands during the day are 348744. The number of shares EQIX stock currently held by all its shareholders are 83.05 and floated shares, the number of shares are available for trading in an open market on last trading day are 83.05. The average volume of shares for 3 months is 379.77 and EQIX stock value has moved between $334.38 – 514.94 in last one year.
The Equinix, Inc. (REIT) (NASDAQ:EQIX)’s latest earnings date is 7/31/2019. The Gross margin is the difference between the revenue and the cost of goods sold (COGS), divided by revenue. In other words, Gross Margin is a percentage value, while Gross Profit is a monetary value. The valuable gross margin for Equinix, Inc. (REIT) (NASDAQ:EQIX) is 49.00% and the profit margin is 8.10% and the stock has gained 46.06% in 2019 to date.
Equinix, Inc. (REIT) (NASDAQ:EQIX)’s monthly stock performance is 6.05%, the quarterly performance is 11.84%, the half year performance is calculated as 46.06%. The yearly performance of EQIX is 19.78%.
The higher the volatility, the riskier the security. For example, when the stock market rises and falls more than one percent over a sustained period of time, it is called a “volatile” market, if the stock price stays relatively stable, the security has low volatility. The Equinix, Inc. (REIT) (NASDAQ:EQIX) weekly volatility is measured as 2.17% and monthly volatility measured as 1.93%.
Return on assets (ROA) is a main indicator of how profitable a company is relative to its total assets. EQIX return on assets is 2.00%, the return on equity (ROE) of the Equinix, Inc. (REIT) (NASDAQ:EQIX) is 5.70%, while the most important return on investment is calculates as a percentage and is typically used for personal financial decisions, and EQIX return on investment is 4.60%.
The price to earnings ratio is 100.57, price to sales ratio is 8.19, and price to book ratio is 5.00, price to cash per share ration is 25.96.
Analysts mean target price for Equinix, Inc. (REIT) (NASDAQ:EQIX) is $518.09 while analysts mean recommendation is 1.70. The current share price indicates that stock is -0.39% away from its one year high and is moving 53.58% ahead of its 52-week low. EQIX’s distance from 20 day simple moving average is 2.46% and distance from 50-Day simple moving average is 5.93%.