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The closing price of Fastly Inc (NYSE: FSLY) was $7.24 for the day, down -1.90% from the previous closing price of $7.38. In other words, the price has decreased by -$1.90 from its previous closing price. On the day, 2.06 million shares were traded. FSLY stock price reached its highest trading level at $7.44 during the session, while it also had its lowest trading level at $7.2.
Ratios:
Our analysis of FSLY’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 4.13 and its Current Ratio is at 4.13. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.40.
On August 08, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $10 to $6.
DA Davidson Downgraded its Buy to Neutral on May 02, 2024, whereas the target price for the stock was revised from $24 to $8.50.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Oct 16 ’24 when Ronald W. Kisling bought 7,411 shares for $7.63 per share.
Bergman Artur sold 19,889 shares of FSLY for $118,538 on Sep 03 ’24. The Chief Technology Officer now owns 6,205,000 shares after completing the transaction at $5.96 per share. On Aug 29 ’24, another insider, KISLING RONALD W, who serves as the Chief Financial Officer of the company, sold 1,192 shares for $5.92 each. As a result, the insider received 7,057 and left with 566,013 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 1022867136 and an Enterprise Value of 1114077056. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.89 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 2.096 whereas that against EBITDA is -8.869.
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 $5.52. The 50-Day Moving Average of the stock is 8.56%, while the 200-Day Moving Average is calculated to be -34.23%.
Shares Statistics:
FSLY traded an average of 3.19M shares per day over the past three months and 1864160 shares per day over the past ten days. A total of 132.99M shares are outstanding, with a floating share count of 126.17M. Insiders hold about 8.97% of the company’s shares, while institutions hold 65.91% stake in the company. Shares short for FSLY as of 1727654400 were 14393094 with a Short Ratio of 4.52, compared to 1724976000 on 14287974. Therefore, it implies a Short% of Shares Outstanding of 14393094 and a Short% of Float of 11.1099996.
