Fortinet Inc (FTNT) concluded trading on Thursday at a closing price of $78.66, with 4.53 million shares of worth about $356.13 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.64% during that period and on October 31, 2024 the price saw a loss of about -0.10%. Currently the company’s common shares owned by public are about 761.00M shares, out of which, 630.88M shares are available for trading.
Stock saw a price change of -2.43% in past 5 days and over the past one month there was a price change of 1.38%. Year-to-date (YTD), FTNT shares are showing a performance of 34.39% which increased to 37.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $44.12 but also hit the highest price of $83.77 during that period. The average intraday trading volume for Fortinet Inc shares is 4.77 million. The stock is currently trading -2.40% below its 20-day simple moving average (SMA20), while that difference is up 0.93% for SMA50 and it goes to 16.26% higher than SMA200.
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Fortinet Inc (NASDAQ: FTNT) currently have 761.00M outstanding shares and institutions hold larger chunk of about 67.52% of that.
The stock has a current market capitalization of $60.17B and its 3Y-monthly beta is at 1.00. PE ratio of stock for trailing 12 months is 46.48, while it has posted earnings per share of $1.69 in the same period. Its PEG reads 3.23 and has Quick Ratio of 1.22 while making debt-to-equity ratio of 3.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FTNT, volatility over the week remained 1.81% while standing at 1.95% over the month.
Stock’s fiscal year EPS is expected to rise by 25.75% while it is estimated to increase by 9.17% in next year. EPS is likely to shrink at an annualized rate of 14.38% for next 5-years, compared to annual growth of 30.73% 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 Mizuho on October 17, 2024 offering an Underperform rating for the stock and assigned a target price of $68 to it. Coverage by DZ Bank stated Fortinet Inc (FTNT) stock as a Hold in their note to investors on August 08, 2024, suggesting a price target of $65 for the stock. Stock get a Buy rating from TD Cowen on July 18, 2024.
