In today’s recent session, 1.04 million shares of the Fastly Inc (NYSE:FSLY) have been traded, and its beta is 1.20. Most recently the company’s share price was $12.70, and it changed around -$0.19 or -1.44% from the last close, which brings the market valuation of the company to $1.71B. FSLY at last check was trading at a discount to its 52-week high of $25.87, offering almost -103.7% off that amount. The share price’s 52-week low was $11.61, which indicates that the recent value has risen by an impressive 8.58% since then. We note from Fastly Inc’s average daily trading volume that its 3-month average coming to 4.17 million.
Fastly Inc (NYSE:FSLY) trade information
Instantly FSLY has been showing red trend so far today with a performance of -1.44% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -28.62% year-to-date, but still up 1.48% over the last five days. On the other hand, Fastly Inc (NYSE:FSLY) is -0.20% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $20.08, which translates to bulls needing to increase their stock price by 36.75% from its current value. Analyst projections state that FSLY is forecast to be at a low of $9 and a high of $42.
Fastly Inc (FSLY) estimates and forecasts
Fastly Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -10.78 percent over the past six months and at a 82.35% annual growth rate that is well above the industry average of 20.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 33.30% in revenue this quarter, and will report an increase of 50.00% in the next quarter. The year-over-year growth rate is expected to be 15.50%, up from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $133.11 million in revenue for the current quarter. 11 analysts expect Fastly Inc to make $140.16 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $117.56 million and $122.83 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 13.20%. Forecasts for the next quarter put sales growth at 14.10%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.28%. Fastly Inc earnings are expected to increase by 80.35% in 2024, but the outlook is positive 30.00% per year for the next five years.
