Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
After finishing at $96.91 in the prior trading day, Fortinet Inc (NASDAQ: FTNT) closed at $98.17, up 1.30%. In other words, the price has increased by $1.30 from its previous closing price. On the day, 4.32 million shares were traded. FTNT stock price reached its highest trading level at $99.18 during the session, while it also had its lowest trading level at $97.07.
Ratios:
Our goal is to gain a better understanding of FTNT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 18.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.17. For the most recent quarter (mrq), Quick Ratio is recorded 1.39 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 0.72 whereas as Long-Term Debt/Eq ratio is at 0.70.
Robert W. Baird Downgraded its Outperform to Neutral on February 03, 2025, whereas the target price for the stock was revised from $105 to $112.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 12 ’25 when GOLDMAN KENNETH A sold 2,000 shares for $100.00 per share. The transaction valued at 200,000 led to the insider holds 18,612 shares of the business.
Xie Michael sold 326,784 shares of FTNT for $32,079,517 on Mar 11 ’25. The VP, ENGINEERING & CTO now owns 11,000,068 shares after completing the transaction at $98.17 per share. On Mar 10 ’25, another insider, GOLDMAN KENNETH A, who serves as the Director of the company, sold 1,000 shares for $99.32 each. As a result, the insider received 99,320 and left with 20,612 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, FTNT now has a Market Capitalization of 75490181120 and an Enterprise Value of 72497086464. As of this moment, Fortinet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.44, and their Forward P/E ratio for the next fiscal year is 35.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.54. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.68 while its Price-to-Book (P/B) ratio in mrq is 50.41. Its current Enterprise Value per Revenue stands at 12.173 whereas that against EBITDA is 37.727.
Stock Price History:
The Beta on a monthly basis for FTNT is 1.09, which has changed by 0.43167567 over the last 52 weeks, in comparison to a change of 0.08275449 over the same period for the S&P500. Over the past 52 weeks, FTNT has reached a high of $114.82, while it has fallen to a 52-week low of $54.57. The 50-Day Moving Average of the stock is -3.72%, while the 200-Day Moving Average is calculated to be 18.68%.
Shares Statistics:
The stock has traded on average 4.60M shares per day over the past 3-months and 4637320 shares per day over the last 10 days, according to various share statistics. A total of 767.00M shares are outstanding, with a floating share count of 638.44M. Insiders hold about 16.97% of the company’s shares, while institutions hold 68.47% stake in the company. Shares short for FTNT as of 1740700800 were 17958676 with a Short Ratio of 3.91, compared to 1738281600 on 15171462. Therefore, it implies a Short% of Shares Outstanding of 17958676 and a Short% of Float of 2.8299998.
