Fabrinet (NYSE: FN) has seen a rise in its stock price by 2.89 in relation to its previous close of 235.09. However, the company has experienced a 5.93% gain in its stock price over the last five trading sessions. globenewswire.com reported 2025-01-17 that BANGKOK, Thailand, Jan. 17, 2025 (GLOBE NEWSWIRE) — Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the second quarter of fiscal year 2025, which ended December 27, 2024, after market close on Monday, February 3, 2025. On that day, management will hold a conference call and webcast at 5:00 p.m. EST to review and discuss the Company’s results.
Is It Worth Investing in Fabrinet (NYSE: FN) Right Now?
Fabrinet (NYSE: FN) has a price-to-earnings ratio of 28.65x that is above its average ratio. Additionally, the 36-month beta value for FN is 0.92. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for FN is 36.10M and currently, short sellers hold a 5.24% ratio of that float. The average trading volume of FN on January 20, 2025 was 516.46K shares.
FN’s Market Performance
The stock of Fabrinet (FN) has seen a 5.93% increase in the past week, with a 1.79% rise in the past month, and a -7.80% fall in the past quarter. The volatility ratio for the week is 2.76%, and the volatility levels for the past 30 days are at 3.70% for FN. The simple moving average for the last 20 days is 6.80% for FN stock, with a simple moving average of 5.71% for the last 200 days.
Analysts’ Opinion of FN
Many brokerage firms have already submitted their reports for FN stocks, with B. Riley Securities repeating the rating for FN by listing it as a “Sell.” The predicted price for FN in the upcoming period, according to B. Riley Securities is $178 based on the research report published on November 20, 2024 of the previous year 2024.
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 previous year.
FN Trading at 2.79% 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 -13.11% of loss for the given period.
Volatility was left at 3.70%, however, over the last 30 days, the volatility rate increased by 2.76%, as shares surge +4.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.95% upper at present.
During the last 5 trading sessions, FN rose by +5.93%, which changed the moving average for the period of 200-days by +30.46% in comparison to the 20-day moving average, which settled at $226.49. In addition, Fabrinet saw 10.01% 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 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 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 2.79. 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 conclusion, Fabrinet (FN) has seen better 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.
