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The closing price of Fastly Inc (NYSE: FSLY) was $7.34 for the day, up 0.96% from the previous closing price of $7.27. In other words, the price has increased by $0.96 from its previous closing price. On the day, 1.62 million shares were traded. FSLY stock price reached its highest trading level at $7.37 during the session, while it also had its lowest trading level at $7.175.
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.
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 August 08, 2024, Downgraded its rating to Neutral and sets its target price to $6 from $10 previously.
On May 02, 2024, DA Davidson Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $24 to $8.50.
BofA Securities Downgraded its Buy to Underperform on May 02, 2024, whereas the target price for the stock was revised from $18 to $8.
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 Sep 03 ’24 when Bergman Artur sold 19,889 shares for $5.96 per share. The transaction valued at 118,538 led to the insider holds 6,205,000 shares of the business.
KISLING RONALD W sold 1,192 shares of FSLY for $7,057 on Aug 29 ’24. The Chief Financial Officer now owns 566,013 shares after completing the transaction at $5.92 per share. On Sep 03 ’24, another insider, PER ARTUR BERGMAN, who serves as the Director of the company, bought 19,889 shares for $6.02 each.
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 1017324032 and an Enterprise Value of 1127937024. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 2.122 whereas that against EBITDA is -8.979.
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 7.73%, while the 200-Day Moving Average is calculated to be -37.83%.
Shares Statistics:
FSLY traded an average of 3.28M shares per day over the past three months and 2922610 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 66.02% stake in the company. Shares short for FSLY as of 1724976000 were 14287974 with a Short Ratio of 4.36, compared to 1722384000 on 16585579. Therefore, it implies a Short% of Shares Outstanding of 14287974 and a Short% of Float of 11.03.
