Fabrinet (NYSE:FN) does about 468.69K shares in volume on a normal day but saw 1120652 shares change hands in Tuesday’s trading. The company now has a market cap of 7.60B USD. Its current market price is $209.31, marking an increase of 10.85% compared to the previous close of $188.83. The 52 week high reached by this stock is $229.02 whilst the lowest price level in 52 weeks is $90.19.
Fabrinet (FN) has a 20-day trading average at $174.58 and the current price is -8.61% off the 52-week high compared with 132.08% distance from its 52-week low. The 50-day simple moving average of the closing price is $190.01 and its 200-day simple moving average is $173.85. If we look at the stock’s price movements over the week, volatility stands at 4.57%, which decreases to 3.41% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 73.14 to suggest the stock is overbought.
The consensus objective for the share price is $217.43, suggesting that the stock has a potential upside of 3.73% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 21, 2024 when Northland Capital upgraded the stock to “Outperform” and issued a price target of between $200 and $220. Northland Capital downgraded the stock to “Market Perform” from Outperform on February 06, 2024 at a price target of $200. JP Morgan downgraded its price target at $185-$210.
Fabrinet (FN) stock is up 20.94% over the week and 10.97% over the past month. Its price is 9.97% year-to-date and 124.87% over the past year.
To reach the target analysts have set, the stock logically needs to grow 3.73 percent from here.
The company has a return on investment of 16.60% and return on equity of 17.79%. The price to earnings ratio (P/E ratio) amounts to 27.78 while the forward price to earnings ratio is 21.93. The beta has a value of 0.93. Price to book ratio is 4.56 and price to sales ratio is 2.73.
