Do Fastly Inc (NYSE: FSLY) Fit In A Value Investing Philosophy?

Currently, there are 132.99M common shares owned by the public and among those 125.24M shares have been available to trade.

The company’s stock has a 5-day price change of 9.18% and -39.30% over the past three months. FSLY shares are trading -55.22% year to date (YTD), with the 12-month market performance down to -54.46% lower. It has a 12-month low price of $6.77 and touched a high of $25.87 over the same period. FSLY has an average intraday trading volume of 3.64 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.83%, 1.54%, and -43.88% respectively.

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Institutional ownership of Fastly Inc (NYSE: FSLY) shares accounts for 64.79% of the company’s 132.99M shares outstanding.

It has a market capitalization of $1.09B and a beta (3y monthly) value of 1.12. The earnings-per-share (ttm) stands at -$1.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.28% over the week and 3.83% over the month.

Earnings per share for the fiscal year are expected to increase by 36.07%, and 154.11% over the next financial year. EPS should grow at an annualized rate of 30.00% over the next five years, compared to -25.28% over the past 5-year period.

Looking at the support for the FSLY, a number of firms have released research notes about the stock. DA Davidson stated their Neutral rating for the stock in a research note on May 02, 2024, with the firm’s price target at $24-$8.50. BofA Securities coverage for the Fastly Inc (FSLY) stock in a research note released on May 02, 2024 offered a Underperform rating with a price target of $8. Piper Sandler was of a view on April 08, 2024 that the stock is Overweight, while Craig Hallum gave the stock Hold rating on February 15, 2024, issuing a price target of $20. Citigroup on their part issued Neutral rating on January 22, 2024.

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