Fastly Inc [FSLY] stock prices are up 1.12% to $7.23 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 FSLY shares have gain 7.91% over the last week, with a monthly amount glided 11.92%, and 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 August 08, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $6 from $10. Previously, DA Davidson downgraded its rating to Neutral on May 02, 2024, and dropped its price target to $8.50. On May 02, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $8 on the stock. Piper Sandler upgraded its rating to a Overweight and decreased its price target to $16 on April 08, 2024. Craig Hallum downgraded its rating to a Hold but $20 remained the price target by the analyst firm on February 15, 2024. Citigroup upgraded its rating to Neutral for this stock on January 22, 2024, and upped its price target to $20. In a note dated January 08, 2024, RBC Capital Mkts upgraded an Sector Perform rating on this stock and boosted its target price from $12 to $18.
The stock price of Fastly Inc [FSLY] has been fluctuating between $5.52 and $25.87 over the past year. Currently, Wall Street analysts expect the stock to reach $16.5 within the next 12 months. Fastly Inc [NYSE: FSLY] shares were valued at $7.23 at the most recent close of the market. An investor can expect a potential return of 128.22% based on the average FSLY price forecast.
Analyzing the FSLY fundamentals
The Fastly Inc [NYSE:FSLY] reported sales of 531.48M for trailing twelve months, representing a surge of 7.77%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at -0.36%, Pretax Profit Margin comes in at -0.31%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.17 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
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 7.03 points at the first support level, and at 6.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.36, and for the 2nd resistance point, it is at 7.50.
Ratios To Look Out For
It’s worth pointing out that Fastly Inc [NYSE:FSLY]’s Current Ratio is 4.13. Also, the Quick Ratio is 4.13, while the Cash Ratio stands at 1.35. Considering the valuation of this stock, the price to sales ratio is 1.89, the price to book ratio is 1.02.
Transactions by insiders
Recent insider trading involved Bergman Artur, Chief Technology Officer, that happened on Sep 03 ’24 when 19889.0 shares were sold. Chief Financial Officer, KISLING RONALD W completed a deal on Aug 29 ’24 to sell 1192.0 shares. Meanwhile, Director PER ARTUR BERGMAN bought 19889.0 shares on Sep 03 ’24.
