Taking a quick look at some possible support and resistance levels on shares of Equinix, Inc. (NASDAQ:EQIX), we can see that the 52-week high is currently 466.62, and the 52-week low is currently 339.02. When shares are trading close to the 52-week high or 52-week low, investors may be watching for a move through either level. Checking in on recent action, we note that the stock has been trading near the $460 level. Investors may also want to keep an eye on historical price activity. During the past 12 weeks, the stock has moved 22.77%. Looking further back to the start of the calendar year, we can see that shares have moved 30.47%. Over the past 4 weeks, shares have seen a change of 3.58%. Over the last 5 trading days, the stock has moved -0.74%. Investors will be monitoring stock activity over the next few sessions to try and decipher which way the momentum is leaning.
As we move closer to the end of the year, investors might be closely monitoring key economic reports. Staying on top of the most recent reports can help the individual see the overall landscape a bit clearer. It may be overwhelming to keep up with every single report that comes out, but knowing which information has a bigger impact on stock investments may help the investor. Investors may already be trying to gauge how they will set themselves up for success over the next couple of quarters. They may be still going over all the latest company earnings reports trying to identify some names that can give the portfolio a boost as we move into the New Year.
Analysts have set a target price on shares of Equinix, Inc. (NASDAQ:EQIX). The current consensus price target is $491.25. Wall Street analysts often provide price target projections on stocks that they cover. Price target projections can be created using a wide variety of methods. Many investors will closely track stock target prices, especially when analysts make updates. A thorough research report will generally offer detailed reasoning for a certain target projection. Some investors may watch sell-side targets very closely and use the information to help with their own stock research.
Sell-side analysts have the capability of providing stock ratings for companies that they cover. According to analysts polled by Zacks Research, the current average broker rating on shares of Equinix, Inc. (NASDAQ:EQIX) is 1.25. This average rating includes analysts who have offered Sell, Buy and Hold ratings on the stock. This rating falls on a numeric scale from 1 to 5. A score of 1 would indicate a Buy recommendation, and a score of 5 would represent a Sell recommendation. Out of all the analysts offering ratings, 14 have pegged the stock a Strong Buy or Buy, based on data provided by Zacks Research.
Tracking the current quarter consensus EPS estimate for Equinix, Inc. (NASDAQ:EQIX), we have noted that the number is currently 5.64. This estimate is using 7 contributing analysts polled by Zacks Research. For the last quarter, the company posted a quarterly EPS of 5.13. Sell-side Wall Street analysts study companies and provide their opinions of where the stock might be going in the future. A lot of weight is given to analyst estimates, and earnings beats or misses revolve around these predictions. Sometimes these estimates are very close to the actual, and other times they are not. When a company announces actual earnings results, a large surprise factor can result in increased volatility. If a company beats estimates and posts a positive earnings surprise, the stock may see a near-term bump in price. On the flip side, a negative surprise may move the stock lower. Based on the unknown, many investors may choose to trade with caution around earnings releases.
Successful investors have typically created a diversified portfolio that has included proper risk analysis and is designed to withstand various market environments. Once the portfolio is set up, investors can work on managing the portfolio for the long-term. Every investor may have a different set of personal goals and expectations for what they intend to get from the market in terms of returns. Expecting too much from the market can often times leave the investor disappointed. Although many people will try to predict returns with pinpoint accuracy, nobody can say for sure what the market will provide. Keeping expectations realistic can help the individual investor better set themselves up for achieving those goals in the future.