Fastly, Inc. (NYSE:FSLY) has seen 6,009,648 shares traded in the recent trading session. The company, currently valued at $8.64 Billion, closed the recent trade at $83.95 per share which meant it gained $5.5 on the day or 7.15% during that session. The FSLY stock price is -6.08% off its 52-week high price of $89.05 and 87.34% above the 52-week low of $10.63. If we look at the company’s 10-day average daily trading volume, we find that it stood at 22.55 Million shares traded. The 3-month trading volume is 5.59 Million shares.
The consensus among analysts is that Fastly, Inc. (FSLY) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 11 have rated it as a Hold, with 8 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.01.
Fastly, Inc. (NYSE:FSLY) trade information
Sporting 6.69% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the FSLY stock price touched $89.05- or saw a rise of 6.69%. Year-to-date, Fastly, Inc. shares have moved 314%, while the 5-day performance has seen it change 9.47%. Over the past 30 days, the shares of Fastly, Inc. (NYSE:FSLY) have changed 92.61%. Short interest in the company has seen 4.73 Million shares shorted with days to cover at 0.85.
Wall Street analysts have a consensus price target for the stock at $38.11, which means that the shares’ value could jump -54.6% from current levels. The projected low price target is $30 while the price target rests at a high of $55. In that case, then, we find that the current price level is -34.48% off the targeted high while a plunge would see the stock lose -64.26% from current levels.
Fastly, Inc. (FSLY) estimates and forecasts
Figures show that Fastly, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +279.92% over the past 6 months, with this year growth rate of -75%, compared to 3% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 93.8% and 55.6% for the next quarter. Revenue growth from the last financial year stood is estimated to be +42.6%.
10 analysts offering their estimates for the company have set an average revenue estimate of $71.13 Million for the current quarter. 10 have an estimated revenue figure of $71.71 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $45.14 Million and $49.8 Million respectively for this quarter and the next, and analysts expect sales will grow by 57.6% for the current quarter and 44% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest -121.1% while over the next 5 years, the company’s earnings are expected to increase by 30%.
Fastly, Inc. (NYSE:FSLY)’s Major holders
Insiders own 11.59% of the company shares, while shares held by institutions stand at 42.01% with a share float percentage of 47.52%. Investors are also buoyed by the number of investors in a company, with Fastly, Inc. having a total of 155 institutions that hold shares in the company. The top two institutional holders are Abdiel Capital Advisors, LP with over 8.9 Million shares worth more than $168.95 Million. As of March 30, 2020, Abdiel Capital Advisors, LP held 12.24% of shares outstanding.
The other major institutional holder is Morgan Stanley, with the holding of over 2.88 Million shares as of March 30, 2020. The firm’s total holdings are worth over $54.72 Million and represent 3.97% of shares outstanding.