Ratios in Focus: Analyzing Fortinet Inc (FTNT)’s Price-to-Cash and Price-to-Free Cash Flow

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In the latest session, Fortinet Inc (NASDAQ: FTNT) closed at $57.94 down -2.05% from its previous closing price of $59.15. In other words, the price has decreased by -$2.05 from its previous closing price. On the day, 10.4 million shares were traded. FTNT stock price reached its highest trading level at $58.76 during the session, while it also had its lowest trading level at $57.174.

Ratios:

For a deeper understanding of Fortinet Inc’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 14.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.15. For the most recent quarter (mrq), Quick Ratio is recorded 1.08 and its Current Ratio is at 1.20.

HSBC Securities Downgraded its Hold to Reduce on February 07, 2024, while the target price for the stock was maintained at $57.

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 Jun 12 ’24 when Xie Ken sold 24,256 shares for $60.23 per share. The transaction valued at 1,460,934 led to the insider holds 48,759,894 shares of the business.

Xie Ken sold 24,235 shares of FTNT for $1,442,643 on Jun 11 ’24. The PRESIDENT & CEO now owns 48,742,483 shares after completing the transaction at $59.53 per share. On Jun 06 ’24, another insider, NEUKOM WILLIAM H., who serves as the Director of the company, bought 586 shares for $59.55 each. As a result, the insider paid 34,898 and bolstered with 295,778 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 45186940928 and an Enterprise Value of 42322067456. As of this moment, Fortinet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 37.78, and their Forward P/E ratio for the next fiscal year is 29.73. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.20. Its current Enterprise Value per Revenue stands at 7.844 whereas that against EBITDA is 30.256.

Stock Price History:

The Beta on a monthly basis for FTNT is 0.97, which has changed by -0.19066906 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, FTNT has reached a high of $81.24, while it has fallen to a 52-week low of $44.12. The 50-Day Moving Average of the stock is -6.22%, while the 200-Day Moving Average is calculated to be -5.52%.

Shares Statistics:

For the past three months, FTNT has traded an average of 5.08M shares per day and 4764710 over the past ten days. A total of 761.00M shares are outstanding, with a floating share count of 629.86M. Insiders hold about 17.55% of the company’s shares, while institutions hold 68.34% stake in the company. Shares short for FTNT as of 1715731200 were 12759936 with a Short Ratio of 3.27, compared to 1713139200 on 13966069. Therefore, it implies a Short% of Shares Outstanding of 12759936 and a Short% of Float of 2.02.

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