Equifax, Inc.’s (NYSE: EFX) Future In 2024

Equifax, Inc. (NYSE:EFX) shares, rose in value, with the stock price up by 0.52% to the previous day’s close as strong demand from buyers drove the stock to $285.20.

Actively observing the price movement in the last trading, the stock closed the session at $283.73, falling within a range of $281.8 and $286.18. The value of beta (5-year monthly) was 1.58 whereas the PE ratio was 60.84 over 12-month period. Referring to stock’s 52-week performance, its high was $309.63, and the low was $159.95. On the whole, EFX has fluctuated by -4.22% over the past month.

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With the market capitalization of Equifax, Inc. currently standing at about $35.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-16. The company’s Forward Dividend Ratio is 1.56, with its dividend yield at 0.55%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.73B, with a low estimate of 1.43B and a high estimate of 1.47B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.44B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EFX’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 3.41, with the price of EFX currently trading nearly -2.49% and -2.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.29, while the 7-day volatility ratio is showing 1.59% which for the 30-day chart, stands at 1.99%. Furthermore, Equifax, Inc. (EFX)’s beta value is 1.58, and its average true range (ATR) is 5.95.

A comparison of Equifax, Inc. (EFX) with its peers suggests the former has fared considerably weaker in the market. EFX showed an intraday change of 0.52% in last session, and over the past year, it grew by 52.84%%.

Data on historical trading for Equifax, Inc. (NYSE:EFX) indicates that the trading volumes over the past 10 days have averaged 0.76 and over the past 3 months, they’ve averaged 869.06K. According to company’s latest data on outstanding shares, there are 123.30 million shares outstanding.

Nearly 0.53% of Equifax, Inc.’s shares belong to company insiders and institutional investors own 98.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.31 million shares as on 2024-09-30, resulting in a short ratio of 2.25. According to the data, the short interest in Equifax, Inc. (EFX) stood at 241.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 3.02 million. The stock has risen by 15.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EFX stock heading into the next quarter.

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