Fastly Inc (FSLY) concluded trading on Wednesday at a closing price of $12.93, with 6.39 million shares of worth about $82.64 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -9.26% during that period and on May 01, 2024 the price saw a gain of about 2.21%. Currently the company’s common shares owned by public are about 132.99M shares, out of which, 124.87M shares are available for trading.
Stock saw a price change of 0.78% in past 5 days and over the past one month there was a price change of -0.08%. Year-to-date (YTD), FSLY shares are showing a performance of -27.36% which decreased to -12.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.61 but also hit the highest price of $25.87 during that period. The average intraday trading volume for Fastly Inc shares is 4.22 million. The stock is currently trading -0.04% below its 20-day simple moving average (SMA20), while that difference is down -2.61% for SMA50 and it goes to -25.22% lower than SMA200.
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Fastly Inc (NYSE: FSLY) currently have 132.99M outstanding shares and institutions hold larger chunk of about 69.94% of that.
The stock has a current market capitalization of $1.77B and its 3Y-monthly beta is at 1.20. It has posted earnings per share of -$1.04 in the same period. It has Quick Ratio of 3.14 while making debt-to-equity ratio of 0.44. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FSLY, volatility over the week remained 3.83% while standing at 3.87% over the month.
Analysts are in expectations that Fastly Inc (FSLY) stock would likely to be making an EPS of -$0.06 in the current quarter, while forecast for next quarter EPS is -$0.02 and it is $0.17 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.08 which is -$0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 68.09% while it is estimated to increase by 313.63% in next year. EPS is likely to grow at an annualized rate of 30.00% for next 5-years, compared to annual growth of -25.28% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on April 08, 2024 offering an Overweight rating for the stock and assigned a target price range of between $19 and $16 to it. Coverage by Craig Hallum stated Fastly Inc (FSLY) stock as a Hold in their note to investors on February 15, 2024, suggesting a price target of $20 for the stock. On January 22, 2024, Citigroup Upgrade their recommendations, while on January 08, 2024, RBC Capital Mkts Upgrade their ratings for the stock with a price target of $18. Stock get an Equal-weight rating from Morgan Stanley on April 20, 2023.
