Fastly Inc (NYSE: FSLY) closed the day trading at $12.63 up 0.16% from the previous closing price of $12.61. In other words, the price has increased by $+0.02 from its previous closing price. On the day, 2477930 shares were traded.
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Ratios:
For a better understanding of FSLY, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.14 and its Current Ratio is at 3.14. In the meantime, Its Debt-to-Equity ratio is 0.44 whereas as Long-Term Debt/Eq ratio is at 0.40.
On January 22, 2024, Citigroup Upgraded its rating to Neutral which previously was Sell and also upped its target price recommendation from $11 to $20.
RBC Capital Mkts Upgraded its Underperform to Sector Perform on January 08, 2024, whereas the target price for the stock was revised from $12 to $18.
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 Mar 15 ’24 when Daniels Richard Devon sold 7,766 shares for $12.66 per share. The transaction valued at 98,318 led to the insider holds 34,328 shares of the business.
KISLING RONALD W sold 1,192 shares of FSLY for $17,081 on Feb 29 ’24. The Chief Financial Officer now owns 513,057 shares after completing the transaction at $14.33 per share. On Feb 26 ’24, another insider, Nightingale Todd, who serves as the CEO of the company, sold 48,640 shares for $13.93 each. As a result, the insider received 677,555 and left with 1,607,821 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 1.69B and an Enterprise Value of 1.81B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.35 while its Price-to-Book (P/B) ratio in mrq is 1.71. Its current Enterprise Value per Revenue stands at 3.57 whereas that against EBITDA is -31.55.
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 $11.61. The 50-Day Moving Average of the stock is 16.90, while the 200-Day Moving Average is calculated to be 17.70.
Shares Statistics:
Over the past 3-months, FSLY traded about 4.06M shares per day on average, while over the past 10 days, FSLY traded about 3.33M shares per day. A total of 132.99M shares are outstanding, with a floating share count of 122.64M. Insiders hold about 8.62% of the company’s shares, while institutions hold 70.47% stake in the company. Shares short for FSLY as of Feb 29, 2024 were 8.33M with a Short Ratio of 2.20, compared to 7.91M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.21% and a Short% of Float of 6.68%.
Earnings Estimates
Current recommendations for the stock of the company come from 12 analysts. On average, analysts expect EPS of -$0.06 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.08, while EPS last year was -$0.09. The consensus estimate for the next quarter is -$0.02, with high estimates of $0.01 and low estimates of -$0.04.
Analysts are recommending an EPS of between -$0.01 and -$0.07 for the fiscal current year, implying an average EPS of -$0.03. EPS for the following year is $0.17, with 11 analysts recommending between $0.33 and $0.1.
Revenue Estimates
11 analysts predict $133.1M in revenue for the current quarter. It ranges from a high estimate of $134.1M to a low estimate of $132.1M. As of the current estimate, Fastly Inc’s year-ago sales were $117.56M, an estimated increase of 13.20% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $140.59M, an increase of 14.50% over than the figure of $13.20% in the same quarter last year. There is a high estimate of $142.13M for the next quarter, whereas the lowest estimate is $139.11M.
A total of 13 analysts have provided revenue estimates for FSLY’s current fiscal year. The highest revenue estimate was $588.6M, while the lowest revenue estimate was $580.96M, resulting in an average revenue estimate of $584.95M. In the same quarter a year ago, actual revenue was $505.99M, up 15.60% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $676.89M in the next fiscal year. The high estimate is $709.2M and the low estimate is $660.4M. The average revenue growth estimate for next year is up 15.70% from the average revenue estimate for this year.
