A share price of Fastly Inc [FSLY] is currently trading at $12.59, down -0.87%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FSLY shares have lost -0.32% over the last week, with a monthly amount drifted -7.02%, and not seem to be holding up well over a long-time horizon.
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On 3, April 2024, Fastly to Announce First Quarter 2024 Financial Results. In a post published today on Yahoo Finance, Fastly, Inc. (NYSE: FSLY), a leader in global edge cloud platforms, will release financial results for the first quarter of 2024 after market close on Wednesday, May 1, 2024. Fastly will host an investor conference call that day to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET.
From an analyst’s perspective:
Fastly Inc [NYSE: FSLY] stock has seen the most recent analyst activity on February 15, 2024, when Craig Hallum downgraded its rating to a Hold but kept the price target unchanged to $20 for it. Previously, Citigroup upgraded its rating to Neutral on January 22, 2024, and elevated its price target to $20. On January 08, 2024, upgrade upgraded it’s rating to Sector Perform and revised its price target to $18 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight and increased its price target to $18 on April 20, 2023. DA Davidson upgraded its rating to Buy for this stock on February 16, 2023, and upped its price target to $17. In a note dated February 16, 2023, Craig Hallum upgraded an Buy rating on this stock and boosted its target price from $9 to $17.
Fastly Inc experienced fluctuations in its stock price throughout the past year between $11.61 and $25.87. Currently, Wall Street analysts expect the stock to reach $19.58 within the next 12 months. Fastly Inc [NYSE: FSLY] shares were valued at $12.59 at the most recent close of the market. An investor can expect a potential return of 55.52% based on the average FSLY price forecast.
Analyzing the FSLY fundamentals
Trailing Twelve Months sales for Fastly Inc [NYSE:FSLY] were 505.99M which represents 15.47% growth. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at -0.39%, Pretax Profit Margin comes in at -0.26%, and Net Profit Margin reading is -0.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.14 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.42 points at the first support level, and at 12.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.87, and for the 2nd resistance point, it is at 13.16.
Fastly Inc [FSLY] reported earnings per share of $0.01 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.02/share, meaning a difference of $0.03 and a surprise factor of 150.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.06 per share as compared to estimates of -$0.08 per share, a difference of $0.02 representing a surprise of 25.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fastly Inc [NYSE:FSLY] is 3.14. Also, the Quick Ratio is 3.14, while the Cash Ratio stands at 0.73. Considering the valuation of this stock, the price to sales ratio is 3.34, the price to book ratio is 1.71.
Transactions by insiders
Recent insider trading involved KISLING RONALD W, Chief Financial Officer, that happened on Apr 01 ’24 when 12000.0 shares were sold. Director, Daniels Richard Devon completed a deal on Mar 15 ’24 to sell 7766.0 shares. Meanwhile, Chief Financial Officer KISLING RONALD W sold 1192.0 shares on Feb 29 ’24.
