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After finishing at $248.74 in the prior trading day, Fabrinet (NYSE: FN) closed at $226.30, down -9.02%. In other words, the price has decreased by -$9.02 from its previous closing price. On the day, 1.16 million shares were traded. FN stock price reached its highest trading level at $227.7 during the session, while it also had its lowest trading level at $216.8.
Ratios:
Our goal is to gain a better understanding of FN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.83. For the most recent quarter (mrq), Quick Ratio is recorded 2.90 and its Current Ratio is at 3.66. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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, B. Riley Securities on Nov-21-24, Downgraded its rating to Sell and sets its target price to $178 from $194 previously.
On November 14, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $292.
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 Nov 12 ’24 when Gill Harpal bought 18,675 shares for $275.00 per share.
Archer Edward T. sold 8,690 shares of FN for $1,914,021 on Sep 05 ’24. The EVP, Sales & Marketing now owns 8,333 shares after completing the transaction at $220.26 per share. On Sep 05 ’24, another insider, Archer Edward T., who serves as the Officer of the company, bought 8,690 shares for $220.26 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FN now has a Market Capitalization of 8207426048 and an Enterprise Value of 7303395840. As of this moment, Fabrinet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 26.81, and their Forward P/E ratio for the next fiscal year is 19.77. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.73 while its Price-to-Book (P/B) ratio in mrq is 4.49. Its current Enterprise Value per Revenue stands at 2.433 whereas that against EBITDA is 21.467.
Stock Price History:
Over the past 52 weeks, FN has reached a high of $278.38, while it has fallen to a 52-week low of $159.30. The 50-Day Moving Average of the stock is -7.18%, while the 200-Day Moving Average is calculated to be 1.45%.
Shares Statistics:
The stock has traded on average 630.52K shares per day over the past 3-months and 563640 shares per day over the last 10 days, according to various share statistics. A total of 36.15M shares are outstanding, with a floating share count of 36.12M. Insiders hold about 0.41% of the company’s shares, while institutions hold 102.99% stake in the company. Shares short for FN as of 1730332800 were 1432943 with a Short Ratio of 2.27, compared to 1727654400 on 1373835. Therefore, it implies a Short% of Shares Outstanding of 1432943 and a Short% of Float of 5.52.
