A share price of Fabrinet [FN] is currently trading at $231.55, up 0.20%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FN shares have gain 11.69% over the last week, with a monthly amount drifted -1.98%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fabrinet [NYSE: FN] stock has seen the most recent analyst activity on June 26, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $230. Previously, Northland Capital upgraded its rating to Outperform on March 21, 2024, and elevated its price target to $220. On February 06, 2024, downgrade downgraded it’s rating to Market Perform but maintained its price target of $200 on the stock. JP Morgan downgraded its rating to a Neutral and increased its price target to $210 on January 08, 2024. Rosenblatt initiated its recommendation with a Buy and recommended $230 as its price target on October 05, 2023. Needham reiterated a Buy rating for this stock on August 22, 2023, and upped its price target to $165. In a note dated April 21, 2023, Lake Street initiated an Buy rating and provided a target price of $130 on this stock.
Fabrinet experienced fluctuations in its stock price throughout the past year between $114.84 and $266.39. Currently, Wall Street analysts expect the stock to reach $173.57 within the next 12 months. Fabrinet [NYSE: FN] shares were valued at $231.55 at the most recent close of the market. An investor can expect a potential drop of -25.04% based on the average FN price forecast.
Analyzing the FN fundamentals
Trailing Twelve Months sales for Fabrinet [NYSE:FN] were 2.79B which represents 9.96% growth. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.18 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 227.92 points at the first support level, and at 224.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 234.13, and for the 2nd resistance point, it is at 236.70.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Fabrinet [NYSE:FN] is 3.52. In addition, the Quick Ratio stands at 2.69 and the Cash Ratio stands at 0.71. Considering the valuation of this stock, the price to sales ratio is 3.00, the price to book ratio is 5.04 and price to earnings (TTM) ratio is 30.73.
Transactions by insiders
Recent insider trading involved LEVINSON FRANK H, Director, that happened on May 24 ’24 when 6000.0 shares were sold. Director, Olson Rollance E. completed a deal on May 24 ’24 to sell 1000.0 shares. Meanwhile, Director KELLY THOMAS F sold 10000.0 shares on Mar 07 ’24.
