As of close of business last night, Fastly Inc’s stock clocked out at $14.20, down -0.07% from its previous closing price of $14.21. In other words, the price has decreased by -$0.01 from its previous closing price. On the day, 5119068 shares were traded.
Ratios:
To gain a deeper understanding of FSLY’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 21 when Bergman Artur sold 200 shares for $15.00 per share. The transaction valued at 3,000 led to the insider holds 6,032,026 shares of the business.
Bergman Artur sold 8,387 shares of FSLY for $126,057 on Feb 20. The Chief Architect now owns 6,032,226 shares after completing the transaction at $15.03 per share. On Feb 20, another insider, PAISLEY CHRISTOPHER B, who serves as the Director of the company, sold 1,000 shares for $15.60 each. As a result, the insider received 15,600 and left with 39,000 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 1.91B and an Enterprise Value of 2.02B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.77 while its Price-to-Book (P/B) ratio in mrq is 1.93. Its current Enterprise Value per Revenue stands at 3.98 whereas that against EBITDA is -35.23.
Stock Price History:
The Beta on a monthly basis for FSLY is 1.23, which has changed by 2.30% over the last 52 weeks, in comparison to a change of 28.18% 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 $11.61. The 50-Day Moving Average of the stock is 18.98, while the 200-Day Moving Average is calculated to be 17.85.
Shares Statistics:
It appears that FSLY traded 3.50M shares on average per day over the past three months and 8.2M shares per day over the past ten days. A total of 132.99M shares are outstanding, with a floating share count of 123.21M. Insiders hold about 8.19% of the company’s shares, while institutions hold 69.94% stake in the company. Shares short for FSLY as of Jan 31, 2024 were 7.91M with a Short Ratio of 2.26, compared to 8.3M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 6.05% and a Short% of Float of 6.52%.
Earnings Estimates
As of right now, 12 analysts gave their recommendation on the stock of the company. 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
In the current quarter, 11 analysts expect revenue to total $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.
