The stock price of Fabrinet (NYSE: FN) has jumped by 14.01 compared to previous close of 231.55. Despite this, the company has seen a gain of 21.23% in its stock price over the last five trading days. benzinga.com reported 2024-08-20 that Fabrinet FN reported better-than-expected fourth-quarter financial results and issued strong guidance on Monday.
Is It Worth Investing in Fabrinet (NYSE: FN) Right Now?
The price-to-earnings ratio for Fabrinet (NYSE: FN) is 32.59x, which is above its average ratio. Moreover, the 36-month beta value for FN is 0.95. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for FN is 35.86M and currently, short sellers hold a 3.93% of that float. On August 20, 2024, FN’s average trading volume was 385.39K shares.
FN’s Market Performance
The stock of Fabrinet (FN) has seen a 21.23% increase in the past week, with a 7.81% rise in the past month, and a 14.11% gain in the past quarter. The volatility ratio for the week is 3.68%, and the volatility levels for the past 30 days are at 4.17% for FN. The simple moving average for the past 20 days is 22.47% for FN’s stock, with a 29.73% simple moving average for the past 200 days.
Analysts’ Opinion of FN
Many brokerage firms have already submitted their reports for FN stocks, with Jefferies repeating the rating for FN by listing it as a “Hold.” The predicted price for FN in the upcoming period, according to Jefferies is $230 based on the research report published on June 26, 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 $220, previously predicting the price at $200. The rating they have provided for FN stocks is “Outperform” according to the report published on March 21st, 2024.
Northland Capital gave a rating of “Market Perform” to FN, setting the target price at $200 in the report published on February 06th of the current year.
FN Trading at 13.51% 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 -0.90% of loss for the given period.
Volatility was left at 4.17%, however, over the last 30 days, the volatility rate increased by 3.68%, as shares surge +10.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.57% upper at present.
During the last 5 trading sessions, FN rose by +22.44%, which changed the moving average for the period of 200-days by +73.42% in comparison to the 20-day moving average, which settled at $216.80. In addition, Fabrinet saw 38.70% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FN starting from LEVINSON FRANK H, who sale 6,000 shares at the price of $241.71 back on May 24 ’24. After this action, LEVINSON FRANK H now owns 5,709 shares of Fabrinet, valued at $1,450,272 using the latest closing price.
Olson Rollance E., the Director of Fabrinet, sale 1,000 shares at $245.62 during a trade that took place back on May 24 ’24, which means that Olson Rollance E. is holding 24,981 shares at $245,619 based on the most recent closing price.
Stock Fundamentals for FN
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.12 for the gross margin
The net margin for Fabrinet stands at 0.1. The total capital return value is set at 0.15. Equity return is now at value 18.43, with 13.72 for asset returns.
Based on Fabrinet (FN), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 82.79. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 3051.99.
Currently, EBITDA for the company is 277.61 million with net debt to EBITDA at -1.25. When we switch over and look at the enterprise to sales, we see a ratio of 3.19. The receivables turnover for the company is 4.87for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.61.
Conclusion
To wrap up, the performance of Fabrinet (FN) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
