The price of Fastly Inc (NYSE: FSLY) closed at $13.99 in the last session, up 0.29% from day before closing price of $13.95. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 4758085 shares were traded. FSLY stock price reached its highest trading level at $14.21 during the session, while it also had its lowest trading level at $13.76.
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 3.14 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:
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 Feb 29 ’24 when KISLING RONALD W sold 1,192 shares for $14.33 per share. The transaction valued at 17,081 led to the insider holds 513,057 shares of the business.
Nightingale Todd sold 48,640 shares of FSLY for $677,555 on Feb 26 ’24. The CEO now owns 1,607,821 shares after completing the transaction at $13.93 per share. On Feb 26 ’24, another insider, KISLING RONALD W, who serves as the Chief Financial Officer of the company, sold 14,939 shares for $13.93 each. As a result, the insider received 208,100 and left with 514,249 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 1.87B and an Enterprise Value of 1.98B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.71 while its Price-to-Book (P/B) ratio in mrq is 1.90. Its current Enterprise Value per Revenue stands at 3.92 whereas that against EBITDA is -34.64.
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 18.00, while the 200-Day Moving Average is calculated to be 17.89.
Shares Statistics:
According to the various share statistics, FSLY traded on average about 3.88M shares per day over the past 3-months and 4.56M shares per day over the past 10 days. A total of 132.99M shares are outstanding, with a floating share count of 123.18M. Insiders hold about 8.21% of the company’s shares, while institutions hold 69.84% stake in the company. Shares short for FSLY as of Feb 15, 2024 were 7.88M with a Short Ratio of 2.03, compared to 7.4M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.93% and a Short% of Float of 6.38%.
Earnings Estimates
The company has 12 analysts who recommend its stock at the moment. 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
According to 11 analysts, the current quarter’s revenue is expected to be $133.1M. 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.
