Fastly Inc (NYSE:FSLY) currently has a daily average trading volume of 3.23M but it saw 2251736 shares traded in last market. With a market cap of 1.03B USD, the company’s current market price of $7.46 came rising about 3.90 while comparing to the previous closing price of $7.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $25.87 and as low as $5.52. In the recent trading on the day, stock has struck highest price mark of $7.16 while lowest mark touched by it was $7.56.
Taking a look at 20-day trading activity of Fastly Inc (FSLY) gives us an average price of $6.85, while its current price level is -71.16% below from 52-week high level whereas it is 35.14% 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 $6.76 while that of 200 days or SMA-200 reads an average of $11.46. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.15% during that period while stretching the period over a month that increases to 4.71%. 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 61.11 which implies that the stock is in neutral territory.
Piper Sandler downgraded its recommendation for the stock as a “Neutral” from “Overweight” on August 08, 2024 while assigning a price target range of $10-$6. DA Davidson also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $24 and $8.50.
Over the week, FSLY’s stock price is moving -0.53% down while it is 26.44% when we observe its performance for the past one month. Year-to-date it is -58.09% down and over the past year, the stock is showing a downside performance of -60.38%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.06 beat the consensus estimate of -0.08 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of -0.06 while estimate for next year EPS is -0.15. In next quarter, company is expected to be making quarterly sales of $137.34M as analysts are expecting the sales for current fiscal year at $535.02M and seeing the company making $563.79M in sales next year. Moreover, analysts are in estimates of $131.88M for current-quarter revenue.
Currently, Fastly Inc’s total number of outstanding shares is 132.99M. Company’s return on investment (ROI) stands at -12.03% and return on equity (ROE) at -16.75%. It has a 164.46 of forward P/E ratio. Stock’s beta reads 1.23. Stock has a price to book (P/B) ratio of 1.05 while price to sale or P/S ratio amounts to 1.95. Its return on asset (ROA) is -10.50% on average.
