In the latest session, Fastly Inc (NYSE: FSLY) closed at $13.86 down -0.79% from its previous closing price of $13.97. In other words, the price has decreased by -$0.11 from its previous closing price. On the day, 3487316 shares were traded.
Ratios:
For a deeper understanding of Fastly Inc’s stock, let’s take a closer look at its various 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.
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 April 08, 2024, Upgraded its rating to Overweight and sets its target price to $16 from $19 previously.
On February 15, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $20.
Citigroup Upgraded its Sell to Neutral on January 22, 2024, whereas the target price for the stock was revised from $11 to $20.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 01 ’24 when KISLING RONALD W sold 12,000 shares for $12.92 per share. The transaction valued at 155,040 led to the insider holds 640,222 shares of the business.
Daniels Richard Devon sold 7,766 shares of FSLY for $98,318 on Mar 15 ’24. The Director now owns 34,328 shares after completing the transaction at $12.66 per share. On Feb 29 ’24, another insider, KISLING RONALD W, who serves as the Chief Financial Officer of the company, sold 1,192 shares for $14.33 each. As a result, the insider received 17,081 and left with 513,057 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 1.99B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.68 while its Price-to-Book (P/B) ratio in mrq is 1.88. Its current Enterprise Value per Revenue stands at 3.92 whereas that against EBITDA is -34.69.
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 15.70, while the 200-Day Moving Average is calculated to be 17.53.
Shares Statistics:
For the past three months, FSLY has traded an average of 4.18M shares per day and 3.19M over the past ten days. A total of 132.99M shares are outstanding, with a floating share count of 122.65M. Insiders hold about 8.61% of the company’s shares, while institutions hold 70.53% stake in the company. Shares short for FSLY as of Mar 15, 2024 were 8.93M with a Short Ratio of 2.44, compared to 7.88M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.66% and a Short% of Float of 7.16%.
Earnings Estimates
There are 12 different market analysts currently analyzing its stock. 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
A total of 11 analysts believe the company’s revenue will be $133.11M this quarter.It ranges from a high estimate of $134.2M 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 $140.16M, an increase of 14.10% 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 $138.32M.
A total of 13 analysts have provided revenue estimates for FSLY’s current fiscal year. The highest revenue estimate was $586.47M, while the lowest revenue estimate was $580.96M, resulting in an average revenue estimate of $584.59M. In the same quarter a year ago, actual revenue was $505.99M, up 15.50% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $676.69M 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 15.80% from the average revenue estimate for this year.
