Fastly Inc [FSLY] stock is trading at $8.14, up 3.17%. 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 28.59% over the last week, with a monthly amount glided 11.81%, 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 October 01, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Piper Sandler downgraded its rating to Neutral on August 08, 2024, and dropped its price target to $6. On May 02, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $8.50 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $8 on May 02, 2024. Piper Sandler upgraded its rating to a Overweight and reduced its price target to $16 on April 08, 2024. Craig Hallum downgraded its rating to Hold for this stock on February 15, 2024, but kept the price target unchanged to $20. In a note dated January 22, 2024, Citigroup upgraded an Neutral rating on this stock and boosted its target price from $11 to $20.
Fastly Inc [FSLY] stock has fluctuated between $5.52 and $25.87 over the past year. Currently, Wall Street analysts expect the stock to reach $16.83 within the next 12 months. Fastly Inc [NYSE: FSLY] shares were valued at $8.14 at the most recent close of the market. An investor can expect a potential return of 106.76% based on the average FSLY price forecast.
Analyzing the FSLY fundamentals
Fastly Inc [NYSE:FSLY] reported sales of 540.87M for the trailing twelve months, which represents a growth of 7.35%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at -0.32%, Pretax Profit Margin comes in at -0.27%, and Net Profit Margin reading is -0.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.15 and Total Capital is -0.13. 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 7.93 points at the first support level, and at 7.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.33, and for the 2nd resistance point, it is at 8.52.
Ratios To Look Out For
For context, Fastly Inc’s Current Ratio is 3.97. Also, the Quick Ratio is 3.97, while the Cash Ratio stands at 1.9. Considering the valuation of this stock, the price to sales ratio is 2.19, the price to book ratio is 1.18.
Transactions by insiders
Recent insider trading involved Bergman Artur, Chief Technology Officer, that happened on Nov 19 ’24 when 20806.0 shares were sold. Chief Technology Officer, Bergman Artur completed a deal on Nov 18 ’24 to sell 16922.0 shares. Meanwhile, Chief Financial Officer KISLING RONALD W sold 16102.0 shares on Nov 18 ’24.
