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As of close of business last night, Fastly Inc’s stock clocked out at $7.08, down -3.01% from its previous closing price of $7.30. In other words, the price has decreased by -$3.01 from its previous closing price. On the day, 1.65 million shares were traded. FSLY stock price reached its highest trading level at $7.38 during the session, while it also had its lowest trading level at $7.031.
Ratios:
To gain a deeper understanding of FSLY’s stock, we examine its different ratios. 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.
On August 08, 2024, Piper Sandler Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $10 to $6.
DA Davidson Downgraded its Buy to Neutral on May 02, 2024, whereas the target price for the stock was revised from $24 to $8.50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 16 ’24 when KISLING RONALD W sold 7,449 shares for $7.24 per share. The transaction valued at 53,931 led to the insider holds 558,564 shares of the business.
Ronald W. Kisling bought 7,411 shares of FSLY for $56,546 on Oct 16 ’24. On Sep 03 ’24, another insider, Bergman Artur, who serves as the Chief Technology Officer of the company, sold 19,889 shares for $5.96 each. As a result, the insider received 118,538 and left with 6,205,000 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 981288000 and an Enterprise Value of 1091901056. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.85 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 2.054 whereas that against EBITDA is -8.693.
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 4.26%, while the 200-Day Moving Average is calculated to be -33.56%.
Shares Statistics:
It appears that FSLY traded 3.09M shares on average per day over the past three months and 2261600 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 65.85% stake in the company. Shares short for FSLY as of 1727654400 were 14393094 with a Short Ratio of 4.66, compared to 1724976000 on 14287974. Therefore, it implies a Short% of Shares Outstanding of 14393094 and a Short% of Float of 11.1099996.
