Fastly Inc [FSLY] stock is trading at $12.93, up 2.21%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FSLY shares have gain 0.78% over the last week, with a monthly amount drifted -0.08%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fastly Inc [NYSE: FSLY] stock has seen the most recent analyst activity on April 08, 2024, when Piper Sandler upgraded its rating to a Overweight and also revised its price target to $16 from $19. Previously, Craig Hallum downgraded its rating to Hold on February 15, 2024, and kept the price target unchanged to $20. On January 22, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $20 on the stock. RBC Capital Mkts upgraded its rating to a Sector Perform and increased its price target to $18 on January 08, 2024. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $18 on April 20, 2023. In a note dated February 16, 2023, DA Davidson upgraded an Buy rating on this stock and boosted its target price from $8.50 to $17.
Fastly Inc [FSLY] stock has fluctuated between $11.61 and $25.87 over the past year. Currently, Wall Street analysts expect the stock to reach $20.08 within the next 12 months. Fastly Inc [NYSE: FSLY] shares were valued at $12.93 at the most recent close of the market. An investor can expect a potential return of 55.3% based on the average FSLY price forecast.
Analyzing the FSLY fundamentals
Fastly Inc [NYSE:FSLY] reported sales of 505.99M for the trailing twelve months, which represents a growth of 15.47%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at -0.38%, Pretax Profit Margin comes in at -0.25%, and Net Profit Margin reading is -0.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is -0.13 and Total Capital is -0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.43.
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 12.56 points at the first support level, and at 12.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.33, and for the 2nd resistance point, it is at 13.73.
Fastly Inc [FSLY] reported earnings per share of $0.01 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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
For context, Fastly Inc’s Current Ratio is 3.14. In addition, the Quick Ratio stands at 3.14 and the Cash Ratio stands at 1.25. Considering the valuation of this stock, the price to sales ratio is 3.49, the price to book ratio is 1.76.
Transactions by insiders
Recent insider trading involved KISLING RONALD W, Chief Financial Officer, that happened on Apr 16 ’24 when 7486.0 shares were sold. Chief Financial Officer, KISLING RONALD W completed a deal on Apr 01 ’24 to sell 12000.0 shares. Meanwhile, Director Daniels Richard Devon sold 7766.0 shares on Mar 15 ’24.
