The price of Cyxtera Technologies Inc. (NASDAQ:CYXT) shares last traded on Wall Street rose 0.92% to $0.15.
Based on available information, 5 analysts follow Cyxtera Technologies Inc. (NASDAQ:CYXT). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $4.00 and a low of $0.25, we find $1.00. Given the previous closing price of $0.15, this indicates a potential upside of 566.67 percent. CYXT stock price is now -66.27% away from the 50-day moving average and -94.36% away from the 200-day moving average. The market capitalization of the company currently stands at $29.40M.
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Among analysts, 2 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $1.85 as their price target over the next twelve months.
In other news, FONSECA NELSON A. JR, President & CEO sold 55,294 shares of the company’s stock on Aug 10. The stock was sold for $650,810 at an average price of $11.77. Upon completion of the transaction, the President & CEO now directly owns 194,725 shares in the company, valued at $29208.75. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, Chief Financial Officer Sagasta Carlos Ignacio sold 19,304 shares of the business’s stock. A total of $227,208 was realized by selling the stock at an average price of $11.77. This leaves the insider owning 54,258 shares of the company worth $8138.7. Insiders disposed of 439,645,270 shares of company stock worth roughly $65.95 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CYXT stock. A new stake in Cyxtera Technologies Inc. shares was purchased by COLUMBUS HILL CAPITAL MANAGEMENT, L.P. during the first quarter worth $103,000. FIRST TRUST ADVISORS LP invested $24,000 in shares of CYXT during the first quarter. In the first quarter, PRICE T ROWE ASSOCIATES INC /MD/ acquired a new stake in Cyxtera Technologies Inc. valued at approximately $10,000. GROUP ONE TRADING, L.P. acquired a new stake in CYXT for approximately $3,000. SG AMERICAS SECURITIES, LLC purchased a new stake in CYXT valued at around $3,000 in the second quarter. In total, there are 137 active investors with 61.50% ownership of the company’s stock.
A candlestick chart of Cyxtera Technologies Inc. (NASDAQ: CYXT) showed a price of $0.1965 on Thursday morning. During the past 12 months, Cyxtera Technologies Inc. has had a low of $0.14 and a high of $15.42. As of last week, the company has a debt-to-equity ratio of 31.95, a current ratio of 0.40, and a quick ratio of 0.40. The fifty day moving average price for CYXT is $0.4234 and a two-hundred day moving average price translates $2.6555 for the stock.
The latest earnings results from Cyxtera Technologies Inc. (NASDAQ: CYXT) was released for Mar, 2023. According to the Information Technology Services Company, earnings per share came in at -$0.26, beating analysts’ expectations of -$0.52 by 0.26. This compares to -$0.23 EPS in the same period last year. The net profit margin was -84.10% and return on equity was -153.60% for CYXT. The company reported revenue of $196.7 million for the quarter, compared to $182.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.84 percent. For the current quarter, analysts expect CYXT to generate $194.35M in revenue.
