Fastly Inc (NYSE:FSLY) price on current trading day, rose 1.22% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.93.
A look at the stock’s price movement, the close in the last trading session was $9.81, moving within a range at $9.6231 and $10.05. The beta value (5-Year monthly) was 1.231. Turning to its 52-week performance, $25.87 and $5.52 were the 52-week high and 52-week low respectively. Overall, FSLY moved 29.47% over the past month.
Fastly Inc’s market cap currently stands at around $1.39 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 138.49M for the company’s revenue for the quarter, with a low and high estimate of 136.04M and 141.93M respectively. The average forecast suggests up to a 0.52% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 541.59M, representing a 7.04% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FSLY is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 5 recommend FSLY as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FSLY’s current price about 26.18% and 31.26% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.33, while 7-day volatility ratio is 7.85% and 7.33% in the 30-day chart. Further, Fastly Inc (FSLY) has a beta value of 1.27, and an average true range (ATR) of 0.56. Analysts have given the company’s stock an average 52-week price target of $6.75, forecast between a low of $5.5 and high of $8. Looking at the price targets, the low is 44.61% off current price level while to achieve the yearly target high, price needs to move 19.44%. Nonetheless, investors will most likely welcome a 32.02% jump to $6.75 which is the analysts’ median price.
If we refocus on Fastly Inc (NYSE:FSLY), historical trading data shows that trading volumes averaged 4.23 over the past 10 days and 2.84 million over the past 3 months. The company’s latest data on shares outstanding shows there are 140.08 million shares.
The 8.83% of Fastly Inc’s shares are in the hands of company insiders while institutional holders own 62.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.2 million on 2024-11-15, giving us a short ratio of 3.5. The data shows that as of 2024-11-15 short interest in Fastly Inc (FSLY) stood at 777.0 of shares outstanding, with shares short falling to 12.36 million registered in 2024-10-15. Current price change has pushed the stock -44.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FSLY stock continues to rise going into the next quarter.
