Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Fastly Inc (NYSE: FSLY) closed at $12.40 in the last session, down -3.35% from day before closing price of $12.83. In other words, the price has decreased by -$3.35 from its previous closing price. On the day, 4.04 million shares were traded. FSLY stock price reached its highest trading level at $12.5 during the session, while it also had its lowest trading level at $12.07.
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 3.14 and its Current Ratio is at 3.14. In the meantime, Its Debt-to-Equity ratio is 0.44 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 April 08, 2024, Upgraded its rating to Overweight and sets its target price to $16 from $19 previously.
On February 15, 2024, Craig Hallum Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $20.
Citigroup Upgraded its Sell to Neutral on January 22, 2024, whereas the target price for the stock was revised from $11 to $20.
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 Apr 16 ’24 when KISLING RONALD W sold 7,486 shares for $13.00 per share. The transaction valued at 97,318 led to the insider holds 632,736 shares of the business.
KISLING RONALD W sold 12,000 shares of FSLY for $155,040 on Apr 01 ’24. The Chief Financial Officer now owns 640,222 shares after completing the transaction at $12.92 per share. On Mar 15 ’24, another insider, Daniels Richard Devon, who serves as the Director of the company, sold 7,766 shares for $12.66 each. As a result, the insider received 98,318 and left with 34,328 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 1664080000 and an Enterprise Value of 1774679040. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.29 while its Price-to-Book (P/B) ratio in mrq is 1.68. Its current Enterprise Value per Revenue stands at 3.507 whereas that against EBITDA is -13.43.
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 $11.61. The 50-Day Moving Average of the stock is -10.33%, while the 200-Day Moving Average is calculated to be -28.68%.
Shares Statistics:
According to the various share statistics, FSLY traded on average about 4.17M shares per day over the past 3-months and 3016700 shares per day over the past 10 days. A total of 132.99M shares are outstanding, with a floating share count of 122.66M. Insiders hold about 8.60% of the company’s shares, while institutions hold 70.93% stake in the company. Shares short for FSLY as of 1713139200 were 11487383 with a Short Ratio of 2.75, compared to 1710460800 on 8933418. Therefore, it implies a Short% of Shares Outstanding of 11487383 and a Short% of Float of 9.21.
