Fabrinet [FN] stock is trading at $262.40, up 6.35%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FN shares have gain 8.89% over the last week, with a monthly amount glided 3.69%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Jefferies started tracking the stock with Hold rating on June 26, 2024, and set its price target to $230. On March 21, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $220 on the stock. Northland Capital downgraded its rating to a Market Perform but stick to its price target of $200 on February 06, 2024. JP Morgan downgraded its rating to a Neutral and raised its price target to $210 on January 08, 2024. Rosenblatt started tracking with a Buy rating for this stock on October 05, 2023, and assigned it a price target of $230. In a note dated August 22, 2023, Needham reiterated an Buy rating on this stock and boosted its target price from $150 to $165.
Fabrinet [FN] stock has fluctuated between $157.55 and $278.38 over the past year. Currently, Wall Street analysts expect the stock to reach $182.14 within the next 12 months. Fabrinet [NYSE: FN] shares were valued at $262.40 at the most recent close of the market. An investor can expect a potential drop of -30.59% based on the average FN price forecast.
Analyzing the FN fundamentals
Fabrinet [NYSE:FN] reported sales of 3.00B for the trailing twelve months, which represents a growth of 17.32%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 251.92 points at the first support level, and at 241.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 267.97, and for the 2nd resistance point, it is at 273.53.
Ratios To Look Out For
For context, Fabrinet’s Current Ratio is 3.66. Further, the Quick Ratio stands at 2.90, while the Cash Ratio is 0.7. Considering the valuation of this stock, the price to sales ratio is 3.17, the price to book ratio is 5.21 and price to earnings (TTM) ratio is 31.08.
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.
