Sify Technologies Limited ADR (SIFY) Has Strong Growth Prospects Through 2024

Sify Technologies Limited ADR (NASDAQ:SIFY) has a beta value of 1.52 and has seen 119.58 million shares traded in the recent trading session. The company, currently valued at $127.95M, closed the recent trade at $0.70 per share which meant it gained $0.37 on the day or 110.72% during that session. The SIFY stock price is -217.14% off its 52-week high price of $2.22 and 57.14% above the 52-week low of $0.30. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.2 million shares traded. The 3-month trading volume is 636.40K shares.

Sify Technologies Limited ADR (NASDAQ:SIFY) trade information

Sporting 110.72% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SIFY stock price touched $0.70 or saw a rise of 23.08%. Year-to-date, Sify Technologies Limited ADR shares have moved -62.58%, while the 5-day performance has seen it change 102.76%. Over the past 30 days, the shares of Sify Technologies Limited ADR (NASDAQ:SIFY) have changed 80.85%. Short interest in the company has seen 0.12 million shares shorted with days to cover at 0.29.

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Sify Technologies Limited ADR (SIFY) estimates and forecasts

The company’s shares have lost -48.68% over the past 6 months, compared to 16.60% for the industry. Revenue growth from the last financial year stood is estimated to be 43.80%.

1 analysts offering their estimates for the company have set an average revenue estimate of 112.96M for the current quarter. 1 have an estimated revenue figure of 152.7M for the next ending quarter. Year-ago sales stood 104.06M and 106.34M respectively for this quarter and the next, and analysts expect sales will grow by 8.60% for the current quarter and 43.80% for the next.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -49.35% over the past 5 years.

SIFY Dividends

Sify Technologies Limited ADR is expected to release its next earnings report on 2023-Jul-20 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Sify Technologies Limited ADR (NASDAQ:SIFY)’s Major holders

The top two institutional holders are SCHRODER INVESTMENT MANAGEMENT GROUP with over 0.43 million shares worth more than $0.19 million. As of 2024-06-30, SCHRODER INVESTMENT MANAGEMENT GROUP held 0.2346% of shares outstanding.

The other major institutional holder is ACADIAN ASSET MANAGEMENT LLC, with the holding of over 0.35 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.16 million and represent 0.1915% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Delaware VIP Emerging Markets Series and Fidelity NASDAQ Composite Index Fund. As of Jun 30, 2024, the former fund manager holds about 0.05% shares in the company for having 91.2 shares of worth $62225.0 while later fund manager owns 32.38 shares of worth $22096.0 as of Jun 30, 2024, which makes it owner of about 0.02% of company’s outstanding stock.