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After finishing at $266.87 in the prior trading day, Fabrinet (NYSE: FN) closed at $243.02, down -8.94%. In other words, the price has decreased by -$8.94 from its previous closing price. On the day, 1.22 million shares were traded. FN stock price reached its highest trading level at $258.025 during the session, while it also had its lowest trading level at $237.29.
Ratios:
Our goal is to gain a better understanding of FN 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 10.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.03. For the most recent quarter (mrq), Quick Ratio is recorded 2.78 and its Current Ratio is at 3.61. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
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 this company, Jefferies on June 26, 2024, initiated with a Hold rating and assigned the stock a target price of $230.
On March 21, 2024, Northland Capital Upgraded its rating to Outperform which previously was Market Perform and also upped its target price recommendation from $200 to $220.
Northland Capital Downgraded its Outperform to Market Perform on February 06, 2024, while the target price for the stock was maintained at $200.
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 Sep 05 ’24 when Archer Edward T. sold 8,690 shares for $220.26 per share. The transaction valued at 1,914,021 led to the insider holds 8,333 shares of the business.
Archer Edward T. bought 8,690 shares of FN for $1,914,022 on Sep 05 ’24. On Aug 23 ’24, another insider, Grady Seamus, who serves as the Chief Executive Officer of the company, sold 26,650 shares for $270.00 each. As a result, the insider received 7,195,500 and left with 37,643 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, FN now has a Market Capitalization of 8785416192 and an Enterprise Value of 7931806720. As of this moment, Fabrinet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.00, and their Forward P/E ratio for the next fiscal year is 21.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.05 while its Price-to-Book (P/B) ratio in mrq is 5.03. Its current Enterprise Value per Revenue stands at 2.751 whereas that against EBITDA is 24.33.
Stock Price History:
Over the past 52 weeks, FN has reached a high of $278.38, while it has fallen to a 52-week low of $149.19. The 50-Day Moving Average of the stock is 2.49%, while the 200-Day Moving Average is calculated to be 11.67%.
Shares Statistics:
The stock has traded on average 556.42K shares per day over the past 3-months and 405500 shares per day over the last 10 days, according to various share statistics. A total of 36.15M shares are outstanding, with a floating share count of 35.91M. Insiders hold about 0.66% of the company’s shares, while institutions hold 104.87% stake in the company. Shares short for FN as of 1727654400 were 1373835 with a Short Ratio of 2.47, compared to 1724976000 on 1410891. Therefore, it implies a Short% of Shares Outstanding of 1373835 and a Short% of Float of 5.2800003.
