Fortinet Inc (NASDAQ:FTNT) currently has a daily average trading volume of 4.36M but it saw 4293968 shares traded in last market. With a market cap of 82.35B USD, the company’s current market price of $107.09 came falling about -1.77 while comparing to the previous closing price of $109.02. In past 52 weeks, the stock remained buoying in the range of price level as high as $114.82 and as low as $54.57.
Taking a look at 20-day trading activity of Fortinet Inc (FTNT) gives us an average price of $107.80, while its current price level is -6.73% below from 52-week high level whereas it is 96.24% 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 $100.85 while that of 200 days or SMA-200 reads an average of $79.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.13% during that period while stretching the period over a month that decreases to 3.01%. 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 53.17 which implies that the stock is in neutral territory.
Robert W. Baird downgraded its recommendation for the stock as a “Neutral” from “Outperform” on February 03, 2025 while assigning a price target range of $105-$112.
Over the week, FTNT’s stock price is moving -6.23% down while it is 7.27% when we observe its performance for the past one month. Year-to-date it is 13.35% up and over the past year, the stock is showing an upside performance of 56.56%.
Currently, Fortinet Inc’s total number of outstanding shares is 767.00M with 17.61% of that held by the insiders while 71.35% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 68.86% and return on equity (ROE) at 338.74%. It has a price to earnings ratio (P/E ratio) of 47.38 while having a 38.83 of forward P/E ratio. Stock’s beta reads 0.97. Stock has a price to book (P/B) ratio of 54.99 while price to sale or P/S ratio amounts to 13.83. Its return on asset (ROA) is 20.51% on average.
