Fortinet Inc (NASDAQ:FTNT) currently has a daily average trading volume of 5.72M but it saw 4442503 shares traded in last market. With a market cap of 43.70B USD, the company’s current market price of $57.20 came falling about -1.45 while comparing to the previous closing price of $58.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $78.58 and as low as $44.12.
Taking a look at 20-day trading activity of Fortinet Inc (FTNT) gives us an average price of $58.60, while its current price level is -27.21% below from 52-week high level whereas it is 29.65% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $59.31 while that of 200 days or SMA-200 reads an average of $61.14. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.49% during that period while stretching the period over a month that decreases to 2.43%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.77 which implies that the stock is in neutral territory.
TD Cowen upgraded its recommendation for the stock as a “Buy” from “Hold” on July 18, 2024 while assigning a price target of $75. Daiwa Securities issued its recommendations for the stock as it upgraded the price target for the stock is $75.
Over the week, FTNT’s stock price is moving -0.19% down while it is -6.24% when we observe its performance for the past one month. Year-to-date it is -2.27% down and over the past year, the stock is showing a downside performance of -26.69%.
Currently, Fortinet Inc’s total number of outstanding shares is 761.00M. Company’s return on investment (ROI) stands at 140.23%. It has a price to earnings ratio (P/E ratio) of 37.30 while having a 29.42 of forward P/E ratio. Stock’s beta reads 0.98. Stock has a price to sale or P/S ratio amounts to 8.10. Its return on asset (ROA) is 16.55% on average.
