Market Insight: Fabrinet (FN)’s Notable Gain, Closing at 216.21

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In the latest session, Fabrinet (NYSE: FN) closed at $216.21 up 1.59% from its previous closing price of $212.82. In other words, the price has increased by $1.59 from its previous closing price. On the day, 0.81 million shares were traded. FN stock price reached its highest trading level at $224.97 during the session, while it also had its lowest trading level at $215.36.

Ratios:

For a deeper understanding of Fabrinet’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.59. For the most recent quarter (mrq), Quick Ratio is recorded 2.90 and its Current Ratio is at 3.66. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

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, B. Riley Securities on November 20, 2024, Downgraded its rating to Sell and sets its target price to $178 from $194 previously.

On November 14, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $292.

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 Nov 12 ’24 when Gill Harpal bought 18,675 shares for $275.00 per share.

Archer Edward T. sold 8,690 shares of FN for $1,914,021 on Sep 05 ’24. The EVP, Sales & Marketing now owns 8,333 shares after completing the transaction at $220.26 per share. On Sep 05 ’24, another insider, Archer Edward T., who serves as the Officer of the company, bought 8,690 shares for $220.26 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FN now has a Market Capitalization of 7841482752 and an Enterprise Value of 6937453056. As of this moment, Fabrinet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.61, and their Forward P/E ratio for the next fiscal year is 19.08. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.76. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.61 while its Price-to-Book (P/B) ratio in mrq is 4.29. Its current Enterprise Value per Revenue stands at 2.311 whereas that against EBITDA is 20.391.

Stock Price History:

The Beta on a monthly basis for FN is 0.91, which has changed by -0.03305006 over the last 52 weeks, in comparison to a change of 0.22208416 over the same period for the S&P500. Over the past 52 weeks, FN has reached a high of $281.79, while it has fallen to a 52-week low of $159.69. The 50-Day Moving Average of the stock is -6.62%, while the 200-Day Moving Average is calculated to be -6.42%.

Shares Statistics:

For the past three months, FN has traded an average of 572.81K shares per day and 825800 over the past ten days. A total of 36.27M shares are outstanding, with a floating share count of 36.10M. Insiders hold about 0.45% of the company’s shares, while institutions hold 103.31% stake in the company. Shares short for FN as of 1736899200 were 2073203 with a Short Ratio of 3.62, compared to 1734048000 on 1941106. Therefore, it implies a Short% of Shares Outstanding of 2073203 and a Short% of Float of 7.9799999999999995.

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