Fortinet Inc. (NASDAQ:FTNT) went down by -3.28% from its latest closing price compared to the recent 1-year high of $155.31. The company’s stock price has collected 7.09% of gains in the last five trading sessions. Barron’s reported 18 hours ago that 5 Stocks That Could Pop After Earnings — and 5 That Are Ready to Drop
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Is It Worth Investing in Fortinet Inc. (NASDAQ :FTNT) Right Now?
Fortinet Inc. (NASDAQ:FTNT) scored a price-to-earnings ratio above its average ratio, recording 55.50 x from its present earnings ratio. Plus, the 36-month beta value for FTNT is at 1.06. Opinions of the stock are interesting as 12 analysts out of 30 who provided ratings for Fortinet Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 14 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $148.69, which is -$3.44 below the current price. FTNT currently public float of 135.60M and currently shorts hold a 2.42% ratio of that float. Today, the average trading volume of FTNT was 1.19M shares.
FTNT’s Market Performance
FTNT stocks went up by 7.09% for the week, with a monthly jump of 15.22% and a quarterly performance of 13.24%, while its annual performance rate touched 26.71%. The volatility ratio for the week stands at 3.82% while the volatility levels for the past 30 days are set at 3.20% for Fortinet Inc.. The simple moving average for the period of the last 20 days is 2.44% for FTNT stocks with a simple moving average of 16.09% for the last 200 days.
Analysts’ Opinion of FTNT
Many brokerage firms have already submitted their reports for FTNT stocks, with DA Davidson repeating the rating for FTNT by listing it as a “Buy.” The predicted price for FTNT in the upcoming period, according to DA Davidson is $170 based on the research report published on January 12th of the current year 2021.
Piper Sandler, on the other hand, stated in their research note that they expect to see FTNT reach a price target of $150. The rating they have provided for FTNT stocks is “Neutral” according to the report published on January 05th, 2021.
JP Morgan gave a rating of “Underweight” to FTNT, setting the target price at $140 in the report published on December 09th of the previous year.
FTNT Trading at 14.19% from the 50-Day Moving Average
After a stumble in the market that brought FTNT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.77% of loss for the given period.
Volatility was left at 3.20%, however, over the last 30 days, the volatility rate increased by 3.82%, as shares surge +13.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.00% upper at present.
During the last 5 trading sessions, FTNT rose by +7.09%, which changed the moving average for the period of 200-days by +46.51% in comparison to the 20-day moving average, which settled at $145.24. In addition, Fortinet Inc. saw -0.42% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FTNT starting from Whittle John, who sale 18,155 shares at the price of $150.00 back on Dec 22. After this action, Whittle John now owns 0 shares of Fortinet Inc., valued at $2,723,250 using the latest closing price.
Jensen Keith, the CFO & Chief Accounting Officer of Fortinet Inc., sale 6,696 shares at $117.04 during a trade that took place back on Nov 24, which means that Jensen Keith is holding 792 shares at $783,677 based on the most recent closing price.
Stock Fundamentals for FTNT
Current profitability levels for the company are sitting at:
- +15.96 for the present operating margin
- +76.38 for the gross margin
The net margin for Fortinet Inc. stands at +15.14. The total capital return value is set at 28.95, while invested capital returns managed to touch 27.64. Equity return is now at value 58.00, with 13.00 for asset returns.
Based on Fortinet Inc. (FTNT), the company’s capital structure generated 3.49 points at debt to equity in total, while total debt to capital is 3.37. Total debt to assets is 1.19, with long-term debt to equity ratio resting at 2.31. Finally, the long-term debt to capital ratio is 2.24.
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When we switch over and look at the enterprise to sales, we see a ratio of 7.73, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 4.36 and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
