Fastly Inc (NYSE:FSLY) shares, rose in value on Wednesday, March 26, with the stock price down by -2.41% to the previous day’s close as strong demand from buyers drove the stock to $6.87.
Actively observing the price movement in the last trading, the stock closed the session at $7.04, falling within a range of $6.81 and $7.11. The value of beta (5-year monthly) was 1.301. Referring to stock’s 52-week performance, its high was $14.12, and the low was $5.52. On the whole, FSLY has fluctuated by 1.63% over the past month.
With the market capitalization of Fastly Inc currently standing at about $977.60 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-11.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 578.85M, with a low estimate of 136.05M and a high estimate of 141.84M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 138.4M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FSLY’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of FSLY currently trading nearly 0.38% and -17.49% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.42, while the 7-day volatility ratio is showing 4.43% which for the 30-day chart, stands at 5.23%. Furthermore, Fastly Inc (FSLY)’s beta value is 1.41, and its average true range (ATR) is 0.40.
A comparison of Fastly Inc (FSLY) with its peers suggests the former has fared considerably weaker in the market. FSLY showed an intraday change of -2.41% in last session, and over the past year, it shrunk by -46.12%%.
Data on historical trading for Fastly Inc (NYSE:FSLY) indicates that the trading volumes over the past 10 days have averaged 2.93 and over the past 3 months, they’ve averaged 3.17 million. According to company’s latest data on outstanding shares, there are 142.09 million shares outstanding.
Nearly 9.15% of Fastly Inc’s shares belong to company insiders and institutional investors own 65.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.53 million shares as on 2025-03-14, resulting in a short ratio of 3.13. According to the data, the short interest in Fastly Inc (FSLY) stood at 790.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 10.91 million. The stock has fallen by -27.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FSLY stock heading into the next quarter.
