Fastly Inc (NYSE: FSLY) – Time For Strategy Change?

Fastly Inc (NYSE:FSLY) currently has a daily average trading volume of 3.15M but it saw 1811112 shares traded in last market. With a market cap of 836.29M USD, the company’s current market price of $5.78 came rising about 0.52 while comparing to the previous closing price of $5.75. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.35 and as low as $4.65. In the recent trading on the day, stock has struck highest price mark of $5.76 while lowest mark touched by it was $6.0.

Taking a look at 20-day trading activity of Fastly Inc (FSLY) gives us an average price of $5.52, while its current price level is -56.72% below from 52-week high level whereas it is 24.30% 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 $6.31 while that of 200 days or SMA-200 reads an average of $7.64. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.24% during that period while stretching the period over a month that increases to 6.65%. 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 46.64 which implies that the stock is in neutral territory.

Oppenheimer upgraded its recommendation for the stock as a “Outperform” from “Perform” on December 02, 2024 while assigning a price target of $12.

Over the week, FSLY’s stock price is moving -1.20% down while it is -9.97% when we observe its performance for the past one month. Year-to-date it is -38.77% down and over the past year, the stock is showing a downside performance of -55.44%.

The company is expected to be releasing its next quarterly report on 2025-Feb-11, for which analysts forecasted an EPS of -0.06 while estimate for next year EPS is -0.11. In next quarter, company is expected to be making quarterly sales of $140.28M as analysts are expecting the sales for current fiscal year at $578.07M and seeing the company making $620.29M in sales next year. Moreover, analysts are in estimates of $138.39M for current-quarter revenue.

Currently, Fastly Inc’s total number of outstanding shares is 142.09M with 7.50% of that held by the insiders while 69.01% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -11.77% and return on equity (ROE) at -16.25%. It has a 8892.31 of forward P/E ratio. Stock’s beta reads 1.46. Stock has a price to book (P/B) ratio of 0.85 while price to sale or P/S ratio amounts to 1.54. Its return on asset (ROA) is -10.62% on average.