Fastly Inc (NYSE:FSLY) price on current trading day, rose 3.25% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.98.
A look at the stock’s price movement, the close in the last trading session was $6.76. Turning to its 52-week performance, $14.76 and $5.52 were the 52-week high and 52-week low respectively. Overall, FSLY moved -30.96% over the past month.
Fastly Inc’s market cap currently stands at around $979.30 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 138M for the company’s revenue for the quarter, with a low and high estimate of 136.05M and 138.86M respectively. The average forecast suggests up to a 3.36% 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 580.51M, representing a 6.77% 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 Hold. 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% Sell 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 -23.04% and -26.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.50, while 7-day volatility ratio is 5.57% and 5.43% in the 30-day chart. Further, Fastly Inc (FSLY) has a beta value of 1.30, and an average true range (ATR) of 0.56. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $8 and high of $8. Looking at the price targets, the low is -14.61% off current price level while to achieve the yearly target high, price needs to move -14.61%. Nonetheless, investors will most likely welcome a -14.61% jump to $8 which is the analysts’ median price.
If we refocus on Fastly Inc (NYSE:FSLY), historical trading data shows that trading volumes averaged 3.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 140.30 million shares.
The 8.54% of Fastly Inc’s shares are in the hands of company insiders while institutional holders own 66.66% of the company’s shares. Current price change has pushed the stock -26.06% 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.
