The trading price of Sify Technologies Limited (NASDAQ:SIFY) closed lower on Tuesday, Jan 12, closing at $2.85, -9.82% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.3300 and $2.6900. The company’s P/E ratio in the trailing 12-month period was 51.4, while its 5Y monthly beta was 1.68. In examining the 52-week price action we see that the stock hit a 52-week high of $3.69 and a 52-week low of $0.56. Over the past month, the stock has gained 131.53% in value.
Sify Technologies Limited, whose market valuation is $443.2 Million at the time of this writing, is expected to release its quarterly earnings report Jan 22, 2021- Jan 26, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0 per share this quarter, however they have predicted annual earnings per share of $0.07 for 2021 and $0.08 for 2022. It means analysts are expecting annual earnings per share growth of 0.4% this year and 0.14% next year.
On the technical side, indicators suggest SIFY has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned SIFY a recommendation rating is 1. Out of them, no one rate it a Hold, while 1 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Sify Technologies Limited (SIFY) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
To see how Sify Technologies Limited stock has been performing in comparison to its peers in the industry, here are the numbers: SIFY stock’s performance was -9.82% in the latest trading, and +103.16% in the past year, while Alphabet Cl C (GOOG) has traded -1.14% on the day and positioned +21.35% higher than it was a year ago. Another comparable company Alphabet Cl A (GOOGL) saw its stock close -1.07% lower in the most recent trading session but was up +20.65% in a year. Furthermore, Facebook Inc (FB) showed a decline of -9.82% on the day while its price kept rising at 103.16% over the past year. Sify Technologies Limited has a P/E ratio of 51.4, compared to Alphabet Cl C’s 33.75 and Alphabet Cl A’s 33.57. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of Sify Technologies Limited (NASDAQ:SIFY) indicates that the 3-month average is 936.59 Million. However, this figure has declined over the past 10 days to an average of 8.77 Million.
Currently, records show that 179.22 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 0.8%. The stats also highlight that short interest as of December 14, 2020, stood at 5.61 Million shares, resulting in a short ratio of 0.07 at that time. From this, we can conclude that short interest is 0% of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 14.38 Million. However, since the stock’s price has seen +102.36% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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