At the time of writing, Fastly Inc [FSLY] stock is trading at $8.48, up 7.07%. 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 FSLY shares have gain 11.43% over the last week, with a monthly amount glided 16.16%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Fastly Inc fluctuated between $5.52 and $25.87. Currently, Wall Street analysts expect the stock to reach $16.83 within the next 12 months. Fastly Inc [NYSE: FSLY] shares were valued at $8.48 at the most recent close of the market. An investor can expect a potential return of 98.47% based on the average FSLY price forecast.
Analyzing the FSLY fundamentals
According to Fastly Inc [NYSE:FSLY], the company’s sales were 540.87M for trailing twelve months, which represents an 7.35% jump. 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 0.36.
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 8.11 points at the first support level, and at 7.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.69, and for the 2nd resistance point, it is at 8.89.
Ratios To Look Out For
It is important to note that Fastly Inc [NYSE:FSLY] has a current ratio of 3.97. Further, the Quick Ratio stands at 3.97, while the Cash Ratio is 1.9. Considering the valuation of this stock, the price to sales ratio is 2.36, the price to book ratio is 1.23.
Transactions by insiders
Recent insider trading involved Ronald Kisling, Officer, that happened on Dec 02 ’24 when 1186.0 shares were purchased. CEO, Nightingale Todd completed a deal on Nov 25 ’24 to sell 12163.0 shares. Meanwhile, Chief Financial Officer KISLING RONALD W sold 2920.0 shares on Nov 25 ’24.
