The stock of Fastly Inc (FSLY) has seen a -2.81% decrease in the past week, with a 2.82% gain in the past month, and a -26.52% decrease in the past quarter. The volatility ratio for the week is 3.69%, and the volatility levels for the past 30 days are at 3.55% for FSLY.. The simple moving average for the past 20 days is 0.82% for FSLY’s stock, with a -25.04% simple moving average for the past 200 days.
Is It Worth Investing in Fastly Inc (NYSE: FSLY) Right Now?
FSLY has 36-month beta value of 1.19. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FSLY is 122.65M, and currently, short sellers hold a 8.31% ratio of that float. The average trading volume of FSLY on April 16, 2024 was 4.24M shares.
FSLY) stock’s latest price update
Fastly Inc (NYSE: FSLY) has experienced a decline in its stock price by -3.67 compared to its previous closing price of 13.63. However, the company has seen a fall of -2.81% in its stock price over the last five trading days. The Motley Fool reported 2024-04-12 that Investors may love a bull market, but it’s a lot tougher to find bargains when the major stock indexes are climbing to new highs. This fast-growing tech stock has made a complete round trip after gaining more than 1,000% during the early stages of the COVID-19 pandemic.
Analysts’ Opinion of FSLY
Many brokerage firms have already submitted their reports for FSLY stocks, with Piper Sandler repeating the rating for FSLY by listing it as a “Overweight.” The predicted price for FSLY in the upcoming period, according to Piper Sandler is $16 based on the research report published on April 08, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see FSLY reach a price target of $20. The rating they have provided for FSLY stocks is “Hold” according to the report published on February 15th, 2024.
Citigroup gave a rating of “Neutral” to FSLY, setting the target price at $20 in the report published on January 22nd of the current year.
FSLY Trading at -14.87% from the 50-Day Moving Average
After a stumble in the market that brought FSLY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.25% of loss for the given period.
Volatility was left at 3.55%, however, over the last 30 days, the volatility rate increased by 3.69%, as shares surge +4.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.69% lower at present.
During the last 5 trading sessions, FSLY fell by -2.81%, which changed the moving average for the period of 200-days by -16.26% in comparison to the 20-day moving average, which settled at $13.05. In addition, Fastly Inc saw -26.24% 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 FSLY starting from KISLING RONALD W, who sale 12,000 shares at the price of $12.92 back on Apr 01 ’24. After this action, KISLING RONALD W now owns 640,222 shares of Fastly Inc, valued at $155,040 using the latest closing price.
Daniels Richard Devon, the Director of Fastly Inc, sale 7,766 shares at $12.66 during a trade that took place back on Mar 15 ’24, which means that Daniels Richard Devon is holding 34,328 shares at $98,318 based on the most recent closing price.
Stock Fundamentals for FSLY
Current profitability levels for the company are sitting at:
- -0.39 for the present operating margin
- 0.52 for the gross margin
The net margin for Fastly Inc stands at -0.26. The total capital return value is set at -0.14. Equity return is now at value -13.76, with -7.78 for asset returns.
Based on Fastly Inc (FSLY), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is -48.79.
Currently, EBITDA for the company is -103.35 million with net debt to EBITDA at -3.11. When we switch over and look at the enterprise to sales, we see a ratio of 4.13. The receivables turnover for the company is 4.2for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.14.
Conclusion
To put it simply, Fastly Inc (FSLY) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
