Sify Technologies Limited ADR (NASDAQ:SIFY) does about 4.42M shares in volume on a normal day but saw 241849104 shares change hands in the recent trading day. The company now has a market cap of 121.20M USD. Its current market price is $0.66, marking an increase of 99.61% compared to the previous close of $0.33. The 52 week high reached by this stock is $2.22 whilst the lowest price level in 52 weeks is $0.30.
Sify Technologies Limited ADR (SIFY) has a 20-day trading average at $0.3613 and the current price is -70.22% off the 52-week high compared with 117.75% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3998 and its 200-day simple moving average is $1.1153. If we look at the stock’s price movements over the week, volatility stands at 14.15%, which decreases to 9.36% 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 78.47 to suggest the stock is overbought.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 78.0% 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.
The current price level is 91.22%, 67.61%, and -40.95% away from its SMA20, SMA50, and SMA200 respectively, with the SIFY price moving below the 50-day SMA on current market day. Sify Technologies Limited ADR (SIFY) stock is up 92.07% over the week and 71.31% over the past month. Its price is -64.55% year-to-date and -68.82% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0.01 for whole year. Expected sales for next quarter are $152.7M, which analysts say will come at $619M for the current fiscal year and next year at $705.7M. In addition, estimates put the company’s current quarterly revenue at an average of $112.96M.
To reach the target analysts have set, the stock logically needs to grow 78.0 percent from here.
Outstanding shares total 183.33M with insiders holding 94.83% of the shares and institutional holders owning 1.05% of the company’s common stock. The company has a return on investment of -0.15% and return on equity of 0.89%. The forward price to earnings ratio is 16.53. The beta has a value of 1.30. Price to book ratio is 0.66 and price to sales ratio is 0.28.
