The price-to-earnings ratio for Fabrinet (NYSE: FN) is above average at 30.68x. The 36-month beta value for FN is also noteworthy at 0.95. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for FN is 35.90M, and at present, short sellers hold a 3.79% of that float. The average trading volume of FN on August 29, 2024 was 414.84K shares.
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FN) stock’s latest price update
Fabrinet (NYSE: FN)’s stock price has plunge by 1.71relation to previous closing price of 244.37. Nevertheless, the company has seen a -5.08% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-08-29 that Fabrinet (FN) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock’s potential for a turnaround in the near term.
FN’s Market Performance
FN’s stock has fallen by -5.08% in the past week, with a monthly rise of 12.69% and a quarterly rise of 0.90%. The volatility ratio for the week is 4.26% while the volatility levels for the last 30 days are 4.40% for Fabrinet The simple moving average for the last 20 days is 8.81% for FN stock, with a simple moving average of 20.16% for the last 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 5.60% 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 -10.72% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 4.26%, as shares surge +15.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.37% lower at present.
During the last 5 trading sessions, FN fell by -5.17%, which changed the moving average for the period of 200-days by +48.11% in comparison to the 20-day moving average, which settled at $230.09. In addition, Fabrinet saw 30.58% 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 Grady Seamus, who sale 26,650 shares at the price of $270.00 back on Aug 23 ’24. After this action, Grady Seamus now owns 37,643 shares of Fabrinet, valued at $7,195,500 using the latest closing price.
Sverha Csaba, the Chief Financial Officer of Fabrinet, sale 100 shares at $270.00 during a trade that took place back on Aug 26 ’24, which means that Sverha Csaba is holding 19,347 shares at $27,000 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 0.16. 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 3086.09.
Currently, EBITDA for the company is 335.57 million with net debt to EBITDA at -1.19. When we switch over and look at the enterprise to sales, we see a ratio of 2.97. 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
In summary, Fabrinet (FN) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
