In the last trading session, 5.08 million Fastly Inc. (NYSE:FSLY) shares changed hands as the company’s beta touched 1.21. With the company’s per share price at $20.54 changed hands at -$1.08 or -5.00% during last session, the market valuation stood at $2.79B. FSLY’s last price was a discount, traded about -18.35% off its 52-week high of $24.31. The share price had its 52-week low at $7.15, which suggests the last value was 65.19% up since then. When we look at Fastly Inc.’s average trading volume, we note the 10-day average is 2.52 million shares, with the 3-month average coming to 2.99 million.
Analysts gave the Fastly Inc. (FSLY) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 2.80. If we narrow down to specifics, the data shows that 2 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 8 recommended FSLY as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Fastly Inc.’s EPS for the current quarter is expected to be -$0.08.
Fastly Inc. (NYSE:FSLY) trade information
Instantly FSLY was in red as seen at the end of in last trading. With action -10.70%, the performance over the past five days has been red. The drop to weekly highs of 23.72 on Friday, 09/15/23 subtracted -5.00% to the stock’s daily price. The company’s shares are showing year-to-date upside of 150.79%, with the 5-day performance at -10.70% in the red. However, in the 30-day time frame, Fastly Inc. (NYSE:FSLY) is 7.71% up. Looking at the short shares, we see there were 14.01 million shares sold at short interest cover period of 3.76 days.
The consensus price target for the stock as assigned by Wall Street analysts is $18.95, meaning bulls need a downside of -8.39% from its current market value. According to analyst projections, FSLY’s forecast low is $10.00 with $26.50 as the target high. To hit the forecast high, the stock’s price needs a -29.02% plunge from its current level, while the stock would need to tank 51.31% for it to hit the projected low.
Fastly Inc. (FSLY) estimates and forecasts
Data shows that the Fastly Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 27.50% over the past 6 months, a 61.02% in annual growth rate that is considerably higher than the industry average of 22.00%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Fastly Inc. will rise 42.90%, while the growth in revenue is estimated to hit 50.00% for the next quarter. Year-over-year growth is forecast to reach 17.10% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of $126.82 million. 11 analysts are of the opinion that Fastly Inc.’s revenue for the quarter ending Dec 2023 will be $139.96 million. The company’s revenue for the corresponding quarters a year ago was $103.46 million and $119.32 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.60%. The estimates for the next quarter sales put growth at 17.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -34.40%. The 2023 estimates are for Fastly Inc. earnings to increase by 18.30%, but the outlook for the next 5-year period is at 30.00% per year.
Fastly Inc. is expected to release its next quarterly earnings report in October.