In today’s recent session, 0.57 million shares of the Fastly Inc (NYSE:FSLY) have been traded, and its beta is 1.23. Most recently the company’s share price was $6.99, and it changed around -$0.1 or -1.41% from the last close, which brings the market valuation of the company to $954.83M. FSLY at last check was trading at a discount to its 52-week high of $25.87, offering almost -270.1% off that amount. The share price’s 52-week low was $6.65, which indicates that the recent value has risen by an impressive 4.86% since then. We note from Fastly Inc’s average daily trading volume that its 10-day average is 2.66 million shares, with the 3-month average coming to 3.03 million.
Fastly Inc (NYSE:FSLY) trade information
Instantly FSLY has been showing red trend so far today with a performance of -1.41% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.43 on recent trading dayincreased the stock’s daily price by 17.08%. The company’s shares are currently down -60.73% year-to-date, but still down -13.92% over the last five days. On the other hand, Fastly Inc (NYSE:FSLY) is -5.16% down in the 30-day period. We can see from the shorts that 16.27 million shares have been sold at a short interest cover period of 5.79 day(s).
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The consensus price target as assigned by Wall Street analysts is $16.5, which translates to bulls needing to increase their stock price by 57.64% 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 -67.80 percent over the past six months and at a 35.29% annual growth rate that is well above the industry average of 21.50%.
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 36.07% in 2024, but the outlook is positive 30.00% per year for the next five years.
FSLY Dividends
Fastly Inc’s next quarterly earnings report is expected to be released on 2024-Aug-07.
Fastly Inc (NYSE:FSLY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.61% of Fastly Inc shares, and 65.59% of them are in the hands of institutional investors. The stock currently has a share float of 71.00%. Fastly Inc stock is held by 339.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 10.3013% of the shares, which is about 13.58 million shares worth $176.15 million.
BLACKROCK INC., with 8.3843% or 11.05 million shares worth $143.37 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
