Fabrinet (NYSE: FN) has experienced a decline in its stock price by -9.78 compared to its previous closing price of 248.74. However, the company has seen a fall of -10.94% in its stock price over the last five trading days. https://thefly.com reported 2024-11-20 that Fabrinet +16.455 (+7.08%) Nvidia +6.74 (+4.81%)
Is It Worth Investing in Fabrinet (NYSE: FN) Right Now?
The price-to-earnings ratio for Fabrinet (NYSE: FN) is above average at 26.59x, Company’s 36-month beta value is 0.94.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for FN is 36.12M, and currently, short sellers hold a 3.97% ratio of that floaft. The average trading volume of FN on November 20, 2024 was 630.52K shares.
FN’s Market Performance
FN’s stock has seen a -10.94% decrease for the week, with a -9.63% drop in the past month and a -14.29% fall in the past quarter. The volatility ratio for the week is 5.28%, and the volatility levels for the past 30 days are at 4.64% for Fabrinet The simple moving average for the past 20 days is -9.29% for FN’s stock, with a 0.61% simple moving average for the past 200 days.
Analysts’ Opinion of FN
Barclays, on the other hand, stated in their research note that they expect to see FN reach a price target of $292. The rating they have provided for FN stocks is “Equal Weight” according to the report published on November 14th, 2024.
Needham gave a rating of “Buy” to FN, setting the target price at $280 in the report published on November 05th of the current year.
FN Trading at -7.93% 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 -19.38% of loss for the given period.
Volatility was left at 4.64%, however, over the last 30 days, the volatility rate increased by 5.28%, as shares sank -8.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.24% upper at present.
During the last 5 trading sessions, FN fell by -10.30%, which changed the moving average for the period of 200-days by +23.91% in comparison to the 20-day moving average, which settled at $247.48. In addition, Fabrinet saw 17.91% 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 Gill Harpal, who proposed sale 18,675 shares at the price of $275.00 back on Nov 12 ’24. After this action, Gill Harpal now owns shares of Fabrinet, valued at $5,135,625 using the latest closing price.
Archer Edward T., the EVP, Sales & Marketing of Fabrinet, 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 8,333 shares at $1,914,021 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 18.38, with 13.84 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 248.08. 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 360.71 million with net debt to EBITDA at -1.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.58. 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 3.66.
Conclusion
In a nutshell, Fabrinet (FN) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
