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Switch, Inc is an information technology services business based in the US. Switch shares (SWCH.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $15.94 – a decrease of 2.21% over the previous week. Switch employs 789 staff and has a trailing 12-month revenue of around $497.9 million.
Since the stock market crash in March caused by coronavirus, Switch's share price has had significant negative movement.
Its last market close was $15.94, which is 9.79% down on its pre-crash value of $17.67 and 54.76% up on the lowest point reached during the March crash when the shares fell as low as $10.3.
If you had bought $1,000 worth of Switch shares at the start of February 2020, those shares would have been worth $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 $990.03.
|Latest market close||$15.94|
|52-week range||$10.3 - $19.99|
|50-day moving average||$15.7586|
|200-day moving average||$17.1862|
|Wall St. target price||$21.38|
|Dividend yield||$0.2 (1.25%)|
|Earnings per share (TTM)||$0.113|
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.
|1 month (2020-10-30)||13.37%|
|3 months (2020-08-28)||-6.12%|
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 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 (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.
|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%|
|Market capitalisation||USD$3.8 billion|
TTM: trailing 12 months
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) 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.
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").
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, 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.
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