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The price of Fastly Inc (NYSE: FSLY) closed at $7.41 in the last session, up 3.28% from day before closing price of $7.17. In other words, the price has increased by $3.28 from its previous closing price. On the day, 1.3 million shares were traded. FSLY stock price reached its highest trading level at $7.485 during the session, while it also had its lowest trading level at $7.2.
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 3.83 and its Current Ratio is at 3.83. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.39.
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, DA Davidson on May 02, 2024, Downgraded its rating to Neutral and sets its target price to $8.50 from $24 previously.
On May 02, 2024, BofA Securities Downgraded its rating to Underperform which previously was Buy and also lowered its target price recommendation from $18 to $8.
Piper Sandler Upgraded its Neutral to Overweight on April 08, 2024, whereas the target price for the stock was revised from $19 to $16.
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 Jul 01 ’24 when KISLING RONALD W sold 12,000 shares for $7.27 per share. The transaction valued at 87,240 led to the insider holds 593,506 shares of the business.
KISLING RONALD W sold 1,206 shares of FSLY for $9,829 on May 29 ’24. The Chief Financial Officer now owns 605,506 shares after completing the transaction at $8.15 per share. On May 23 ’24, another insider, Nightingale Todd, who serves as the CEO of the company, sold 12,163 shares for $8.92 each. As a result, the insider received 108,494 and left with 1,729,018 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 1011002816 and an Enterprise Value of 1107042048. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.94 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 2.121 whereas that against EBITDA is -8.44.
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 $6.77. The 50-Day Moving Average of the stock is -14.98%, while the 200-Day Moving Average is calculated to be -49.52%.
Shares Statistics:
According to the various share statistics, FSLY traded on average about 3.78M shares per day over the past 3-months and 3191050 shares per day over the past 10 days. A total of 132.99M shares are outstanding, with a floating share count of 125.22M. Insiders hold about 8.33% of the company’s shares, while institutions hold 64.79% stake in the company. Shares short for FSLY as of 1718323200 were 16332258 with a Short Ratio of 4.32, compared to 1715731200 on 14373070. Therefore, it implies a Short% of Shares Outstanding of 16332258 and a Short% of Float of 12.8.
