Fastly Inc (FSLY) concluded trading on Thursday at a closing price of $7.48, with 2.99 million shares of worth about $22.37 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -57.45% during that period and on July 11, 2024 the price saw a gain of about 4.91%. Currently the company’s common shares owned by public are about 132.99M shares, out of which, 125.24M shares are available for trading.
Stock saw a price change of 1.08% in past 5 days and over the past one month there was a price change of 0.00%. Year-to-date (YTD), FSLY shares are showing a performance of -57.98% which decreased to -57.04% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.77 but also hit the highest price of $25.87 during that period. The average intraday trading volume for Fastly Inc shares is 3.67 million. The stock is currently trading 3.32% above its 20-day simple moving average (SMA20), while that difference is down -8.45% for SMA50 and it goes to -47.92% lower than SMA200.
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Fastly Inc (NYSE: FSLY) currently have 132.99M outstanding shares and institutions hold larger chunk of about 64.70% of that.
The stock has a current market capitalization of $1.02B and its 3Y-monthly beta is at 1.12. It has posted earnings per share of -$1.00 in the same period. It has Quick Ratio of 3.83 while making debt-to-equity ratio of 0.43. 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 3.80% while standing at 4.03% over the month.
Stock’s fiscal year EPS is expected to rise by 35.58% while it is estimated to increase by 152.04% 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 DA Davidson on May 02, 2024 offering a Neutral rating for the stock and assigned a target price range of between $24 and $8.50 to it. Coverage by BofA Securities stated Fastly Inc (FSLY) stock as an Underperform in their note to investors on May 02, 2024, suggesting a price target of $8 for the stock. On April 08, 2024, Piper Sandler Upgrade their recommendations, while on February 15, 2024, Craig Hallum Downgrade their ratings for the stock with a price target of $20. Stock get a Neutral rating from Citigroup on January 22, 2024.
