Fabrinet (NYSE: FN) has a higher price-to-earnings ratio of 27.95x compared to its average ratio. FN has 36-month beta value of 0.95. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for FN is 36.12M, and currently, short sellers hold a 4.06% ratio of that float. The average trading volume of FN on November 05, 2024 was 580.60K shares.
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FN) stock’s latest price update
Fabrinet (NYSE: FN) has experienced a decline in its stock price by -5.51 compared to its previous closing price of 239.61. However, the company has seen a fall of -10.29% in its stock price over the last five trading days. zacks.com reported 2024-11-04 that While the top- and bottom-line numbers for Fabrinet (FN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
FN’s Market Performance
FN’s stock has fallen by -10.29% in the past week, with a monthly drop of -6.56% and a quarterly rise of 16.80%. The volatility ratio for the week is 3.36% while the volatility levels for the last 30 days are 3.59% for Fabrinet The simple moving average for the past 20 days is -9.36% for FN’s stock, with a 2.49% simple moving average for the past 200 days.
Analysts’ Opinion of FN
Jefferies, on the other hand, stated in their research note that they expect to see FN reach a price target of $230. The rating they have provided for FN stocks is “Hold” according to the report published on June 26th, 2024.
Northland Capital gave a rating of “Outperform” to FN, setting the target price at $220 in the report published on March 21st of the current year.
FN Trading at -5.05% 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 -18.67% of loss for the given period.
Volatility was left at 3.59%, however, over the last 30 days, the volatility rate increased by 3.36%, as shares sank -7.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.56% lower at present.
During the last 5 trading sessions, FN fell by -10.68%, which changed the moving average for the period of 200-days by +10.85% in comparison to the 20-day moving average, which settled at $249.74. In addition, Fabrinet saw 18.96% 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 Archer Edward T., who sale 8,690 shares at the price of $220.26 back on Sep 05 ’24. After this action, Archer Edward T. now owns 8,333 shares of Fabrinet, valued at $1,914,021 using the latest closing price.
Archer Edward T., the Officer of Fabrinet, proposed sale 8,690 shares at $220.26 during a trade that took place back on Sep 05 ’24, which means that Archer Edward T. is holding shares at $1,914,022 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 72.43. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 3679.89.
Currently, EBITDA for the company is 335.57 million with net debt to EBITDA at -1.18. When we switch over and look at the enterprise to sales, we see a ratio of 2.6. The receivables turnover for the company is 4.53for 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 put it simply, Fabrinet (FN) has had a mixed performance in recent times. Analysts have a bullish 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.
