In today’s recent session, 0.5 million shares of the Eqonex Limited (NASDAQ:EQOS) were traded. Most recently the company’s share price was $4.22, and it changed around -$0.14 or -3.21% from the last close, which brings the market valuation of the company to $169.16M. EQOS at last check was trading at a discount to its 52-week high of $22.95, offering almost -443.84% off that amount. The share price’s 52-week low was $3.09, which indicates that the recent value has risen by an impressive 26.78% since then. We note from Eqonex Limited’s average daily trading volume that its 3-month average coming to 2.17 million.
Eqonex Limited stock received a consensus recommendation rating of a Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended EQOS as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Eqonex Limited is expected to report earnings per share of $0 for the current quarter.
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Instantly EQOS has been showing red trend so far today with a performance of -3.21% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.25 on Monday, 11/22/21 increased the stock’s daily price by 19.62%. The company’s shares are currently down -72.99% year-to-date, but still down -16.31% over the last five days. On the other hand, Eqonex Limited (NASDAQ:EQOS) is 22.47% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $15.21, which translates to bulls needing to increase their stock price by 72.26% from its current value. Analyst projections state that EQOS is forecast to be at a low of $12.00 and a high of $18.41. In order for the stock price to hit the forecast high, the stock would need to plunge -336.26% from its current level, while the stock would need to crash -184.36% from its current level to reach the projected low.
Eqonex Limited (EQOS) estimates and forecasts
The year-over-year growth rate is expected to be 5,626.70%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $17.18 million in revenue for the current quarter. 3 analysts expect Eqonex Limited to make $17.18 million in revenue for the quarter ending Sep 2020. The company’s sales for the same quarters a year ago were $300k and $300k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 5,626.70%. Forecasts for the next quarter put sales growth at 5,626.70%.
Eqonex Limited’s next quarterly earnings report is expected to be released in December.
Eqonex Limited (NASDAQ:EQOS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.36% of Eqonex Limited shares, and 12.52% of them are in the hands of institutional investors. The stock currently has a share float of 13.97%. Eqonex Limited stock is held by 40 institutions, with Toroso Investments, LLC being the largest institutional investor. By Sep 29, 2021, it held 4.83% of the shares, which is about 1.89 million shares worth $6.11 million.
Adage Capital Partners GP L.L.C., with 2.10% or 0.82 million shares worth $2.66 million as of Sep 29, 2021, holds the second largest percentage of outstanding shares.
Amplify Transformational Data Sharing ETF and Financial Investors Tr-Emerald Banking & Finance Fund were the top two Mutual Funds as of Sep 29, 2021. The former held 1.89 million shares worth $6.11 million, making up 4.83% of all outstanding shares. On the other hand, Financial Investors Tr-Emerald Banking & Finance Fund held roughly 0.17 million shares worth around $0.88 million, which represents about 0.42% of the total shares outstanding.