Fastly Inc (NYSE: FSLY) has seen a decline in its stock price by -2.33 in relation to its previous close of 8.14. However, the company has experienced a 18.48% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-22 that From a technical perspective, Fastly (FSLY) is looking like an interesting pick, as it just reached a key level of support. FSLY recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
Is It Worth Investing in Fastly Inc (NYSE: FSLY) Right Now?
Additionally, the 36-month beta value for FSLY is 1.25. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
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The public float for FSLY is 127.90M and currently, short sellers hold a 9.26% ratio of that float. The average trading volume of FSLY on November 27, 2024 was 2.62M shares.
FSLY’s Market Performance
FSLY stock saw an increase of 18.48% in the past week, with a monthly gain of 8.46% and a quarterly increase of 37.31%. The volatility ratio for the week is 7.41%, and the volatility levels for the last 30 days are 6.50% for Fastly Inc (FSLY). The simple moving average for the past 20 days is 8.43% for FSLY’s stock, with a -12.57% simple moving average for the past 200 days.
Analysts’ Opinion of FSLY
Piper Sandler, on the other hand, stated in their research note that they expect to see FSLY reach a price target of $6, previously predicting the price at $10. The rating they have provided for FSLY stocks is “Neutral” according to the report published on August 08th, 2024.
DA Davidson gave a rating of “Neutral” to FSLY, setting the target price at $8.50 in the report published on May 02nd of the current year.
FSLY Trading at 8.49% 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 -69.27% of loss for the given period.
Volatility was left at 6.50%, however, over the last 30 days, the volatility rate increased by 7.41%, as shares surge +8.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.16% upper at present.
During the last 5 trading sessions, FSLY rose by +18.48%, which changed the moving average for the period of 200-days by -68.19% in comparison to the 20-day moving average, which settled at $7.33. In addition, Fastly Inc saw -55.34% 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 Bergman Artur, who sale 20,806 shares at the price of $6.61 back on Nov 19 ’24. After this action, Bergman Artur now owns 6,118,094 shares of Fastly Inc, valued at $137,528 using the latest closing price.
Bergman Artur, the Chief Technology Officer of Fastly Inc, sale 16,922 shares at $6.25 during a trade that took place back on Nov 18 ’24, which means that Bergman Artur is holding 6,138,900 shares at $105,762 based on the most recent closing price.
Stock Fundamentals for FSLY
Current profitability levels for the company are sitting at:
- -0.32 for the present operating margin
- 0.53 for the gross margin
The net margin for Fastly Inc stands at -0.27. The total capital return value is set at -0.13. Equity return is now at value -15.33, with -9.55 for asset returns.
Based on Fastly Inc (FSLY), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is -76.39.
Currently, EBITDA for the company is -19.01 million with net debt to EBITDA at -3.12. When we switch over and look at the enterprise to sales, we see a ratio of 2.43. The receivables turnover for the company is 4.63for trailing twelve months and the total asset turnover is 0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.97.
Conclusion
In conclusion, Fastly Inc (FSLY) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
