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Fastly Inc (NYSE: FSLY) closed the day trading at $6.21 down -2.66% from the previous closing price of $6.38. In other words, the price has decreased by -$2.66 from its previous closing price. On the day, 2.65 million shares were traded. FSLY stock price reached its highest trading level at $6.4468 during the session, while it also had its lowest trading level at $6.15.
Ratios:
For a better understanding of FSLY, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.13 and its Current Ratio is at 4.13. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.40.
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, Piper Sandler on August 08, 2024, Downgraded its rating to Neutral and sets its target price to $6 from $10 previously.
On May 02, 2024, DA Davidson Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $24 to $8.50.
BofA Securities Downgraded its Buy to Underperform on May 02, 2024, whereas the target price for the stock was revised from $18 to $8.
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 Aug 23 ’24 when Todd Nightingale bought 12,102 shares for $5.96 per share.
Ronald Kisling bought 2,904 shares of FSLY for $17,308 on Aug 23 ’24. On Aug 16 ’24, another insider, KISLING RONALD W, who serves as the Chief Financial Officer of the company, sold 15,933 shares for $6.18 each. As a result, the insider received 98,466 and left with 570,124 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 884266752 and an Enterprise Value of 971318976. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 0.88. Its current Enterprise Value per Revenue stands at 1.828 whereas that against EBITDA is -7.733.
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 $5.52. The 50-Day Moving Average of the stock is -13.44%, while the 200-Day Moving Average is calculated to be -51.91%.
Shares Statistics:
Over the past 3-months, FSLY traded about 3.45M shares per day on average, while over the past 10 days, FSLY traded about 4192660 shares per day. A total of 132.99M shares are outstanding, with a floating share count of 125.95M. Insiders hold about 9.13% of the company’s shares, while institutions hold 67.47% stake in the company. Shares short for FSLY as of 1722384000 were 16585579 with a Short Ratio of 4.80, compared to 1719532800 on 16109470. Therefore, it implies a Short% of Shares Outstanding of 16585579 and a Short% of Float of 12.8.
