Fastly Inc (NYSE: FSLY): To Buy Or Not To Buy, That Is The Question

Fastly Inc (FSLY) concluded trading on Wednesday at a closing price of $10.52, with 5.42 million shares of worth about $56.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 50.29% during that period and on December 18, 2024 the price saw a loss of about -7.15%. Currently the company’s common shares owned by public are about 140.08M shares, out of which, 128.22M shares are available for trading.

Stock saw a price change of -0.28% in past 5 days and over the past one month there was a price change of 66.19%. Year-to-date (YTD), FSLY shares are showing a performance of -40.90% which decreased to -43.29% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.52 but also hit the highest price of $25.87 during that period. The average intraday trading volume for Fastly Inc shares is 3.08 million. The stock is currently trading 10.35% above its 20-day simple moving average (SMA20), while that difference is up 28.80% for SMA50 and it goes to 21.22% higher than SMA200.

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Fastly Inc (NYSE: FSLY) currently have 140.08M outstanding shares and institutions hold larger chunk of about 62.95% of that.

The stock has a current market capitalization of $1.48B and its 3Y-monthly beta is at 1.25. It has posted earnings per share of -$1.09 in the same period. It has Quick Ratio of 3.97 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 7.72% while standing at 7.52% over the month.

Stock’s fiscal year EPS is expected to rise by 40.85% while it is estimated to increase by 146.73% 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 Oppenheimer on December 02, 2024 offering an Outperform rating for the stock and assigned a target price of $12 to it. On August 08, 2024, Piper Sandler Downgrade their recommendations, while on May 02, 2024, DA Davidson Downgrade their ratings for the stock with a price target of $8.50. Stock get an Underperform rating from BofA Securities on May 02, 2024.

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