Fastly Inc (NYSE:FSLY) price on current trading day, fall -1.69% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.99.
A look at the stock’s price movement, the level at last check in today’s session was $7.11, moving within a range at $6.85 and $7.035. The beta value (5-Year monthly) was 1.301. Turning to its 52-week performance, $14.12 and $5.52 were the 52-week high and 52-week low respectively. Overall, FSLY moved -11.29% over the past month.
Fastly Inc’s market cap currently stands at around $994.67 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-11.
Analysts have a consensus estimate of 138.4M for the company’s revenue for the quarter, with a low and high estimate of 136.05M and 141.84M respectively. The average forecast suggests up to a 3.65% 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 578.85M, representing a 6.47% 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% Sell. On the other hand, the stock is on average a Hold 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 2.39% and -17.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.65, while 7-day volatility ratio is 4.30% and 5.51% in the 30-day chart. Further, Fastly Inc (FSLY) has a beta value of 1.38, and an average true range (ATR) of 0.43. 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 -14.45% off recent price level in today’s trading while to achieve the yearly target high, it has to move -14.45%. Nonetheless, investors will most likely welcome a -14.45% 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 3.02 over the past 10 days and 3.12 million over the past 3 months. The company’s latest data on shares outstanding shows there are 142.09 million shares.
The 9.15% of Fastly Inc’s shares are in the hands of company insiders while institutional holders own 65.72% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.43 million on 2025-02-28, giving us a short ratio of 2.78. The data shows that as of 2025-02-28 short interest in Fastly Inc (FSLY) stood at 782.9999999999999 of shares outstanding, with shares short rising to 9.31 million registered in 2025-01-31. Current price change has pushed the stock -25.95% 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.
