Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of Fastly Inc (NYSE: FSLY) closed at $7.98 in the last session, up 4.31% from day before closing price of $7.65. In other words, the price has increased by $4.31 from its previous closing price. On the day, 1.76 million shares were traded. FSLY stock price reached its highest trading level at $8.03 during the session, while it also had its lowest trading level at $7.64.
Ratios:
We take a closer look at FSLY’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1090243584 and an Enterprise Value of 1186269952. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.09 while its Price-to-Book (P/B) ratio in mrq is 1.10. Its current Enterprise Value per Revenue stands at 2.273 whereas that against EBITDA is -9.044.
Stock Price History:
The Beta on a monthly basis for FSLY is 1.13, which has changed by -0.5426934 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, FSLY has reached a high of $25.87, while it has fallen to a 52-week low of $6.77. The 50-Day Moving Average of the stock is 2.59%, while the 200-Day Moving Average is calculated to be -42.73%.
Shares Statistics:
According to the various share statistics, FSLY traded on average about 3.72M shares per day over the past 3-months and 2988020 shares per day over the past 10 days. 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 64.49% stake in the company. Shares short for FSLY as of 1719532800 were 16109470 with a Short Ratio of 4.33, compared to 1717113600 on 13925685. Therefore, it implies a Short% of Shares Outstanding of 16109470 and a Short% of Float of 12.620000000000001.
