Fastly Inc (NYSE:FSLY) currently has a daily average trading volume of 3.05M but it saw 6332346 shares traded in last market. With a market cap of 1.13B USD, the company’s current market price of $8.16 came rising about 6.39 while comparing to the previous closing price of $7.67. 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 $7.855 while lowest mark touched by it was $8.305.
Taking a look at 20-day trading activity of Fastly Inc (FSLY) gives us an average price of $7.32, while its current price level is -68.46% below from 52-week high level whereas it is 47.83% 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 $7.01 while that of 200 days or SMA-200 reads an average of $10.11. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.88% during that period while stretching the period over a month that decreases to 3.60%. 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 70.31 which implies that the stock is in overbought 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 11.78% up while it is 11.78% when we observe its performance for the past one month. Year-to-date it is -54.16% down and over the past year, the stock is showing a downside performance of -50.75%.
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 167.45 of forward P/E ratio. Stock’s beta reads 1.23. Stock has a price to book (P/B) ratio of 1.15 while price to sale or P/S ratio amounts to 2.13. Its return on asset (ROA) is -10.50% on average.
