Fabrinet (NYSE: FN) has a price-to-earnings ratio that is above its average at 25.76x. The stock has a 36-month beta value of 1.03. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for FN is 36.08M, and at present, short sellers hold a 3.73% of that float. On April 12, 2024, the average trading volume of FN was 474.69K shares.
FN) stock’s latest price update
The stock price of Fabrinet (NYSE: FN) has surged by 0.92 when compared to previous closing price of 176.85, but the company has seen a -4.67% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-06 that If picking the top tech stocks with potential was easy, we’d all have a portfolio full of surprising breakout stocks like Nvidia (NASDAQ: NVDA ). Unfortunately, it isn’t that easy.
FN’s Market Performance
Fabrinet (FN) has experienced a -4.67% fall in stock performance for the past week, with a -11.29% drop in the past month, and a -3.82% drop in the past quarter. The volatility ratio for the week is 2.92%, and the volatility levels for the past 30 days are at 3.54% for FN. The simple moving average for the last 20 days is -7.03% for FN stock, with a simple moving average of 5.30% for the last 200 days.
Analysts’ Opinion of FN
Many brokerage firms have already submitted their reports for FN stocks, with Northland Capital repeating the rating for FN by listing it as a “Outperform.” The predicted price for FN in the upcoming period, according to Northland Capital is $220 based on the research report published on March 21, 2024 of the current year 2024.
Northland Capital, on the other hand, stated in their research note that they expect to see FN reach a price target of $200. The rating they have provided for FN stocks is “Market Perform” according to the report published on February 06th, 2024.
JP Morgan gave a rating of “Neutral” to FN, setting the target price at $210 in the report published on January 08th of the current year.
FN Trading at -11.07% from the 50-Day Moving Average
After a stumble in the market that brought FN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.07% of loss for the given period.
Volatility was left at 3.54%, however, over the last 30 days, the volatility rate increased by 2.92%, as shares sank -11.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.81% lower at present.
During the last 5 trading sessions, FN fell by -4.67%, which changed the moving average for the period of 200-days by +43.62% in comparison to the 20-day moving average, which settled at $190.79. In addition, Fabrinet saw -6.23% 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 FN starting from KELLY THOMAS F, who sale 10,000 shares at the price of $222.17 back on Mar 07 ’24. After this action, KELLY THOMAS F now owns 20,814 shares of Fabrinet, valued at $2,221,684 using the latest closing price.
Gill Harpal, the PRESIDENT & COO of Fabrinet, sale 21,464 shares at $215.50 during a trade that took place back on Feb 29 ’24, which means that Gill Harpal is holding 24,689 shares at $4,625,492 based on the most recent closing price.
Stock Fundamentals for FN
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.13 for the gross margin
The net margin for Fabrinet stands at 0.09. The total capital return value is set at 0.16. Equity return is now at value 16.98, with 12.40 for asset returns.
Based on Fabrinet (FN), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 29.45. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 331.46.
Currently, EBITDA for the company is 313.51 million with net debt to EBITDA at -0.98. When we switch over and look at the enterprise to sales, we see a ratio of 2.26. The receivables turnover for the company is 4.65for trailing twelve months and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.71.
Conclusion
To sum up, Fabrinet (FN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
