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After finishing at $7.09 in the prior trading day, Fastly Inc (NYSE: FSLY) closed at $7.00, down -1.27%. In other words, the price has decreased by -$1.27 from its previous closing price. On the day, 2.35 million shares were traded. FSLY stock price reached its highest trading level at $7.13 during the session, while it also had its lowest trading level at $6.9101.
Ratios:
Our goal is to gain a better understanding of FSLY by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.83 and its Current Ratio is at 3.83. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.39.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on May 02, 2024, Downgraded its rating to Neutral and sets its target price to $8.50 from $24 previously.
On May 02, 2024, BofA Securities Downgraded its rating to Underperform which previously was Buy and also lowered its target price recommendation from $18 to $8.
Piper Sandler Upgraded its Neutral to Overweight on April 08, 2024, whereas the target price for the stock was revised from $19 to $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 16 ’24 when KISLING RONALD W sold 7,449 shares for $8.84 per share. The transaction valued at 65,849 led to the insider holds 586,057 shares of the business.
KISLING RONALD W sold 12,000 shares of FSLY for $87,240 on Jul 01 ’24. The Chief Financial Officer now owns 593,506 shares after completing the transaction at $7.27 per share. On May 29 ’24, another insider, KISLING RONALD W, who serves as the Chief Financial Officer of the company, sold 1,206 shares for $8.15 each. As a result, the insider received 9,829 and left with 605,506 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FSLY now has a Market Capitalization of 956353984 and an Enterprise Value of 1052401984. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.83 while its Price-to-Book (P/B) ratio in mrq is 0.96. Its current Enterprise Value per Revenue stands at 2.016 whereas that against EBITDA is -8.023.
Stock Price History:
Over the past 52 weeks, FSLY has reached a high of $25.87, while it has fallen to a 52-week low of $6.65. The 50-Day Moving Average of the stock is -7.89%, while the 200-Day Moving Average is calculated to be -48.23%.
Shares Statistics:
The stock has traded on average 3.03M shares per day over the past 3-months and 2720920 shares per day over the last 10 days, according to various share statistics. A total of 132.99M shares are outstanding, with a floating share count of 124.02M. Insiders hold about 9.21% of the company’s shares, while institutions hold 64.38% stake in the company. Shares short for FSLY as of 1721001600 were 16266754 with a Short Ratio of 5.37, compared to 1718323200 on 16332258. Therefore, it implies a Short% of Shares Outstanding of 16266754 and a Short% of Float of 12.75.
Earnings Estimates
The stock of Fastly Inc (FSLY) is currently in the spotlight, with 12.0 analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is -$0.02, with high estimates of $0.0 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.08 and -$0.16 for the fiscal current year, implying an average EPS of -$0.11. EPS for the following year is $0.05, with 11.0 analysts recommending between $0.15 and -$0.07.
Revenue Estimates
11 analysts predict $131.57M in revenue for the current quarter. It ranges from a high estimate of $132.6M to a low estimate of $129.3M. As of the current estimate, Fastly Inc’s year-ago sales were $122.83MFor the next quarter, 11 analysts are estimating revenue of $140.06M. There is a high estimate of $144.1M for the next quarter, whereas the lowest estimate is $138.09M.
A total of 13 analysts have provided revenue estimates for FSLY’s current fiscal year. The highest revenue estimate was $564.09M, while the lowest revenue estimate was $549.9M, resulting in an average revenue estimate of $558.32M. In the same quarter a year ago, actual revenue was $505.99MBased on 12 analysts’ estimates, the company’s revenue will be $628.2M in the next fiscal year. The high estimate is $646.6M and the low estimate is $604.6M.
