Fortinet Inc. (NASDAQ:FTNT) went up by 1.23% from its latest closing price compared to the recent 1-year high of $322.00. The company’s stock price has collected -4.30% of loss in the last five trading sessions. Press Release reported on 09/13/21 that Fortinet and Linksys Joint Venture Delivers First-of-its-Kind Secure Enterprise Solution to Support Remote and Hybrid Work
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 96.96 x from its present earnings ratio. Plus, the 36-month beta value for FTNT is at 1.12. Opinions of the stock are interesting as 10 analysts out of 26 who provided ratings for Fortinet Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 12 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $295.73, which is -$8.86 below the current price. FTNT currently public float of 133.60M and currently shorts hold a 1.39% ratio of that float. Today, the average trading volume of FTNT was 952.58K shares.
FTNT’s Market Performance
FTNT stocks went down by -4.30% for the week, with a monthly drop of -2.83% and a quarterly performance of 30.65%, while its annual performance rate touched 154.71%. The volatility ratio for the week stands at 2.97% while the volatility levels for the past 30 days are set at 2.70% for Fortinet Inc.. The simple moving average for the period of the last 20 days is -2.18% for FTNT stocks with a simple moving average of 45.09% for the last 200 days.
Analysts’ Opinion of FTNT
Many brokerage firms have already submitted their reports for FTNT stocks, with Wedbush repeating the rating for FTNT by listing it as a “Outperform.” The predicted price for FTNT in the upcoming period, according to Wedbush is $310 based on the research report published on July 30th of the current year 2021.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see FTNT reach a price target of $248, previously predicting the price at $208. The rating they have provided for FTNT stocks is “Outperform” according to the report published on July 30th, 2021.
Raymond James gave a rating of “Outperform” to FTNT, setting the target price at $295 in the report published on July 30th of the current year.
FTNT Trading at 4.44% 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 -6.65% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares sank -0.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.18% upper at present.
During the last 5 trading sessions, FTNT fell by -4.30%, which changed the moving average for the period of 200-days by +150.78% in comparison to the 20-day moving average, which settled at $307.19. In addition, Fortinet Inc. saw 102.37% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at FTNT starting from Xie Michael, who sale 40,000 shares at the price of $301.26 back on Aug 24. After this action, Xie Michael now owns 3,408,214 shares of Fortinet Inc., valued at $12,050,535 using the latest closing price.
Xie Michael, the VP, Engineering & CTO of Fortinet Inc., sale 40,000 shares at $301.27 during a trade that took place back on Aug 24, which means that Xie Michael is holding 5,950,025 shares at $12,050,946 based on the most recent closing price.
Stock Fundamentals for FTNT
Current profitability levels for the company are sitting at:
- +18.95 for the present operating margin
- +77.87 for the gross margin
The net margin for Fortinet Inc. stands at +18.83. The total capital return value is set at 43.18, while invested capital returns managed to touch 43.57. Equity return is now at value 57.20, with 11.10 for asset returns.
Based on Fortinet Inc. (FTNT), the company’s capital structure generated 6.20 points at debt to equity in total, while total debt to capital is 5.84. Total debt to assets is 1.31, with long-term debt to equity ratio resting at 3.97. Finally, the long-term debt to capital ratio is 3.74.
When we switch over and look at the enterprise to sales, we see a ratio of 8.91, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 4.10 and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.50.