More To Go Or Is It Over? – Sify Technologies Limited ADR (SIFY)

Sify Technologies Limited ADR (NASDAQ:SIFY) does about 215.98K shares in volume on a normal day but saw 1952757 shares change hands in Monday trading. The company now has a market cap of 107.61M USD. Its current market price is $0.59, marking a decrease of -29.28% compared to the previous close of $0.83. The 52 week high reached by this stock is $3.37 whilst the lowest price level in 52 weeks is $0.75.

Sify Technologies Limited ADR (SIFY) has a 20-day trading average at $1.2129 and the current price is -82.58% off the 52-week high compared with -21.73% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2286 and its 200-day simple moving average is $1.5160. If we look at the stock’s price movements over the week, volatility stands at 11.37%, which decreases to 8.68% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 26.56 to suggest the stock is oversold.

The consensus objective for the share price is $3.93, suggesting that the stock has a potential upside of 84.99% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 04, 2018 when Maxim Group initiated the stock to “Buy” and issued a price target of $4. Kaufman Bros reiterated its price target at $8-$7.

Sify Technologies Limited ADR (SIFY) stock is down -43.01% over the week and -50.68% over the past month. Its price is -68.53% year-to-date and -58.66% over the past year.

To reach the target analysts have set, the stock logically needs to grow 84.99 percent from here.

The company has a return on investment of 0.31% and return on equity of 0.89%. The forward price to earnings ratio is 14.68. The beta has a value of 1.64. Price to book ratio is 0.59 and price to sales ratio is 0.25.