How to buy Switch stock | 15.94

Switch, Inc is an information technology services business based in the US. Switch shares (SWCH) are listed on the NYSE and all prices are listed in US Dollars. Switch employs 789 staff and has a trailing 12-month revenue of around USD$497.9 million.

How to buy shares in Switch

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Switch. Find the stock by name or ticker symbol: SWCH. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Switch reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$15.94, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Switch, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Switch. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Switch's share price?

Since the stock market crash in March caused by coronavirus, Switch's share price has had significant negative movement.

Its last market close was USD$15.94, which is 9.79% down on its pre-crash value of USD$17.67 and 54.76% up on the lowest point reached during the March crash when the shares fell as low as USD$10.3.

If you had bought USD$1,000 worth of Switch shares at the start of February 2020, those shares would have been worth USD$750.91 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$990.03.

Switch share price

Use our graph to track the performance of SWCH stocks over time.

Switch shares at a glance

• Key figures

Information last updated 2020-10-20.

Latest market close	USD$15.94
52-week range	USD$10.3 - USD$19.99
50-day moving average	USD$15.7586
200-day moving average	USD$17.1862
Wall St. target price	USD$21.38
PE ratio	145.2727
Dividend yield	USD$0.2 (1.25%)
Earnings per share (TTM)	USD$0.113

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Is it a good time to buy Switch stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Switch, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Switch price performance over time

Historical closes compared with the close of $15.94 from 2020-10-16

1 week (2020-10-16)	15.94
1 month (2020-09-25)	4.05%
3 months (2020-07-24)	-9.23%
6 months (2020-04-24)	-11.00%

1 year (2019-10-25)	8.66%
2 years (2018-10-25)	74.97%
3 years (2017-10-25)	-16.06%
5 years (2015-10-22)	N/A

Is Switch under- or over-valued?

Valuing Switch stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Switch's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Switch's P/E ratio

Switch's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 145x. In other words, Switch shares trade at around 145x recent earnings.

That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Switch's EBITDA

Switch's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$218.5 million.

The EBITDA is a measure of a Switch's overall financial performance and is widely used to measure a its profitability.

Switch financials

Revenue TTM	USD$497.9 million
Operating margin TTM	17.38%
Gross profit TTM	USD$219.6 million
Return on assets TTM	3.15%
Return on equity TTM	5.07%
Profit margin	2.18%
Book value	$2.237
Market capitalisation	USD$3.8 billion

TTM: trailing 12 months

Shorting Switch shares

There are currently 5.5 million Switch shares held short by investors – that's known as Switch's "short interest". This figure is 3.7% up from 5.3 million last month.

There are a few different ways that this level of interest in shorting Switch shares can be evaluated.

Switch's "short interest ratio" (SIR)

Switch's "short interest ratio" (SIR) is the quantity of Switch shares currently shorted divided by the average quantity of Switch shares traded daily (recently around 1.8 million). Switch's SIR currently stands at 3.07. In other words for every 100,000 Switch shares traded daily on the market, roughly 3070 shares are currently held short.

However Switch's short interest can also be evaluated against the total number of Switch shares, or, against the total number of tradable Switch shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Switch's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Switch shares in existence, roughly 20 shares are currently held short) or 0.0647% of the tradable shares (for every 100,000 tradable Switch shares, roughly 65 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Switch.

Find out more about how you can short Switch stock.

Switch share dividends

Dividend payout ratio: 138.2% of net profits

Recently Switch has paid out, on average, around 138.2% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.25% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Switch shareholders could enjoy a 1.25% return on their shares, in the form of dividend payments. In Switch's case, that would currently equate to about $0.2 per share.

Switch's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Switch's most recent dividend payout was on 31 August 2020. The latest dividend was paid out to all shareholders who bought their shares by 17 August 2020 (the "ex-dividend date").

Switch share price volatility

Over the last 12 months, Switch's shares have ranged in value from as little as $10.3 up to $19.99. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Switch's is 0.6238. This would suggest that Switch's shares are less volatile than average (for this exchange).

Switch overview

Switch, Inc., through its subsidiary, Switch, Ltd., provides colocation space and related services primarily to technology and digital media companies in the United States. It develops and operates data centers in Nevada and Michigan. The company also serves cloud and managed service providers, financial institutions, IT and software providers, government agencies, network and telecommunications providers, and others that conduct critical business on the internet. Switch, Inc. was founded in 2000 and is headquartered in Las Vegas, Nevada.

Frequently asked questions

• What percentage of Switch is owned by insiders or institutions?

  Currently 28.39% of Switch shares are held by insiders and 61.631% by institutions.

• How many people work for Switch?

  Latest data suggests 789 work at Switch.

• When does the fiscal year end for Switch?

  Switch's fiscal year ends in December.

• Where is Switch based?

  Switch's address is: 7135 South Decatur Boulevard, Las Vegas, NV, United States, 89118

• What is Switch's ISIN number?

  Switch's international securities identification number is: US87105L1044

• What is Switch's CUSIP number?

  Switch's Committee on Uniform Securities Identification Procedures number is: 87105L104