Fabrinet [FN] stock prices are up 3.00% to $230.89 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FN shares have gain 11.45% 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:
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.
The stock price of Fabrinet [FN] has been fluctuating between $148.97 and $278.38 over the past year. Currently, Wall Street analysts expect the stock to reach $173.57 within the next 12 months. Fabrinet [NYSE: FN] shares were valued at $230.89 at the most recent close of the market. An investor can expect a potential drop of -24.83% based on the average FN price forecast.
Analyzing the FN fundamentals
The Fabrinet [NYSE:FN] reported sales of 2.88B for trailing twelve months, representing a surge of 14.85%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.1%, 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 0.13, 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 226.11 points at the first support level, and at 221.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 233.73, and for the 2nd resistance point, it is at 236.57.
Ratios To Look Out For
It’s worth pointing out that Fabrinet [NYSE:FN]’s Current Ratio is 3.61. Also, the Quick Ratio is 2.78, while the Cash Ratio stands at 0.73. Considering the valuation of this stock, the price to sales ratio is 2.90, the price to book ratio is 4.78 and price to earnings (TTM) ratio is 28.50.
Transactions by insiders
Recent insider trading involved Archer Edward T., EVP, Sales & Marketing, that happened on Sep 05 ’24 when 8690.0 shares were sold. Officer, Archer Edward T. completed a deal on Sep 05 ’24 to buy 8690.0 shares. Meanwhile, Chief Executive Officer Grady Seamus sold 26650.0 shares on Aug 23 ’24.
