Fortinet Inc. (NASDAQ:FTNT) went down by -0.32% from its latest closing price compared to the recent 1-year high of $371.77. The company’s stock price has collected -9.19% of loss in the last five trading sessions.
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 68.12 x from its present earnings ratio. Plus, the 36-month beta value for FTNT is at 1.21. Opinions of the stock are interesting as 15 analysts out of 29 who provided ratings for Fortinet Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 10 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $355.36, which is $104.97 above the current price. FTNT currently public float of 130.76M and currently shorts hold a 1.41% ratio of that float. Today, the average trading volume of FTNT was 1.32M shares.
FTNT’s Market Performance
FTNT stocks went down by -9.19% for the week, with a monthly drop of -20.46% and a quarterly performance of -20.88%, while its annual performance rate touched 32.45%. The volatility ratio for the week stands at 8.22% while the volatility levels for the past 30 days are set at 6.07% for Fortinet Inc.. The simple moving average for the period of the last 20 days is -14.25% for FTNT stocks with a simple moving average of -17.04% for the last 200 days.
Analysts’ Opinion of FTNT
Many brokerage firms have already submitted their reports for FTNT stocks, with Daiwa Securities repeating the rating for FTNT by listing it as a “Buy.” The predicted price for FTNT in the upcoming period, according to Daiwa Securities is $307 based on the research report published on May 11th of the current year 2022.
Mizuho, on the other hand, stated in their research note that they expect to see FTNT reach a price target of $350, previously predicting the price at $340. The rating they have provided for FTNT stocks is “Buy” according to the report published on May 05th, 2022.
Barclays gave a rating of “Overweight” to FTNT, setting the target price at $395 in the report published on March 29th of the current year.
FTNT Trading at -16.91% 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 -29.81% of loss for the given period.
Volatility was left at 6.07%, however, over the last 30 days, the volatility rate increased by 8.22%, as shares sank -20.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.75% lower at present.
During the last 5 trading sessions, FTNT fell by -9.19%, which changed the moving average for the period of 200-days by -3.75% in comparison to the 20-day moving average, which settled at $300.86. In addition, Fortinet Inc. saw -27.39% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at FTNT starting from Xie Michael, who sale 1,653 shares at the price of $248.85 back on May 09. After this action, Xie Michael now owns 5,954,424 shares of Fortinet Inc., valued at $411,347 using the latest closing price.
Whittle John, the VP Corp Dev&Strat Alliance,GC of Fortinet Inc., sale 1,704 shares at $315.50 during a trade that took place back on Mar 21, which means that Whittle John is holding 0 shares at $537,612 based on the most recent closing price.
Stock Fundamentals for FTNT
Current profitability levels for the company are sitting at:
- +19.32 for the present operating margin
- +76.02 for the gross margin
The net margin for Fortinet Inc. stands at +18.16. Equity return is now at value 80.60, with 11.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.