In the past week, FSLY stock has gone down by -34.52%, with a monthly decline of -32.64% and a quarterly plunge of -62.44%. The volatility ratio for the week is 6.35%, and the volatility levels for the last 30 days are 4.56% for Fastly Inc The simple moving average for the last 20 days is -33.53% for FSLY stock, with a simple moving average of -50.74% for the last 200 days.
Is It Worth Investing in Fastly Inc (NYSE: FSLY) Right Now?
The stock has a 36-month beta value of 1.21. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FSLY is 124.85M, and at present, short sellers hold a 9.20% of that float. On May 06, 2024, the average trading volume of FSLY was 4.74M shares.
FSLY) stock’s latest price update
Fastly Inc (NYSE: FSLY)’s stock price has decreased by -3.53 compared to its previous closing price of 8.79. However, the company has seen a -34.52% decrease in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-03 that The edge computing specialist was hit with another analyst price target cut. This has been the trend since it published its latest set of quarterly earnings.
Analysts’ Opinion of FSLY
Many brokerage firms have already submitted their reports for FSLY stocks, with DA Davidson repeating the rating for FSLY by listing it as a “Neutral.” The predicted price for FSLY in the upcoming period, according to DA Davidson is $8.50 based on the research report published on May 02, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see FSLY reach a price target of $8, previously predicting the price at $18. The rating they have provided for FSLY stocks is “Underperform” according to the report published on May 02nd, 2024.
Piper Sandler gave a rating of “Overweight” to FSLY, setting the target price at $16 in the report published on April 08th of the current year.
FSLY Trading at -35.39% 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 -67.22% of loss for the given period.
Volatility was left at 4.56%, however, over the last 30 days, the volatility rate increased by 6.35%, as shares sank -32.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.12% lower at present.
During the last 5 trading sessions, FSLY fell by -34.52%, which changed the moving average for the period of 200-days by -55.86% in comparison to the 20-day moving average, which settled at $12.55. In addition, Fastly Inc saw -52.36% 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 7,486 shares at the price of $13.00 back on Apr 16 ’24. After this action, KISLING RONALD W now owns 632,736 shares of Fastly Inc, valued at $97,318 using the latest closing price.
KISLING RONALD W, the Chief Financial Officer of Fastly Inc, sale 12,000 shares at $12.92 during a trade that took place back on Apr 01 ’24, which means that KISLING RONALD W is holding 640,222 shares at $155,040 based on the most recent closing price.
Stock Fundamentals for FSLY
Current profitability levels for the company are sitting at:
- -0.38 for the present operating margin
- 0.53 for the gross margin
The net margin for Fastly Inc stands at -0.25. The total capital return value is set at -0.14. Equity return is now at value -13.52, with -7.83 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 0.05. The debt to equity ratio resting at 0.38. The interest coverage ratio of the stock is -57.54.
Currently, EBITDA for the company is -103.35 million with net debt to EBITDA at -2.7. When we switch over and look at the enterprise to sales, we see a ratio of 2.75. The receivables turnover for the company is 4.85for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.83.
Conclusion
To sum up, Fastly Inc (FSLY) 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.
