Boom Or Bust: Where Does Sify Technologies Limited ADR (NASDAQ: SIFY) Stock Go From Here?

During the last session, Sify Technologies Limited ADR (NASDAQ:SIFY)’s traded shares were 1.68 million, with the beta value of the company hitting 1.49. At the end of the trading day, the stock’s price was $0.36, reflecting an intraday loss of -10.56% or -$0.04. The 52-week high for the SIFY share is $2.05, that puts it down -469.44 from that peak though still a striking 16.67% gain since the share price plummeted to a 52-week low of $0.30. The company’s market capitalization is $66.00M, and the average intraday trading volume over the past 10 days was 1.36 million shares, and the average trade volume was 4.79 million shares over the past three months.

Sify Technologies Limited ADR (NASDAQ:SIFY) trade information

Sify Technologies Limited ADR (SIFY) registered a -10.56% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -10.56% in intraday trading to $0.36, hitting a weekly high. The stock’s 5-day price performance is -14.04%, and it has moved by 6.19% in 30 days. Based on these gigs, the overall price performance for the year is -80.75%. The short interest in Sify Technologies Limited ADR (NASDAQ:SIFY) is 90263.0 shares and it means that shorts have 0.4 day(s) to cover.

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Sify Technologies Limited ADR (SIFY) estimates and forecasts

In the rating firms’ projections, revenue will increase 43.80% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 112.96M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 152.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 104.06M and 106.34M respectively. In this case, analysts expect current quarter sales to grow by 8.60% and then jump by 43.60% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -49.35%. While earnings are projected to return -0.08% in 2024.

SIFY Dividends

Sify Technologies Limited ADR is due to release its next quarterly earnings in October. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. The average dividend yield of the company for the last 5 years is 1.41%.

The next largest institutional holding, with 0.35 million shares, is of ACADIAN ASSET MANAGEMENT LLC’s that is approximately 0.1915% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.16 million.