Fastly Inc (NYSE:FSLY) has a beta value of 1.27 and has seen 1.35 million shares traded in the recent trading session. The company, currently valued at $850.31M, closed the recent trade at $6.14 per share which meant it gained $0.18 on the day or 2.94% during that session. The FSLY stock price is -321.34% off its 52-week high price of $25.87 and 10.1% above the 52-week low of $5.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.49 million shares traded. The 3-month trading volume is 3.28 million shares.
The consensus among analysts is that Fastly Inc (FSLY) is Buy stock at the moment, with a recommendation rating of 2.77. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 11 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.04.
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Fastly Inc (NYSE:FSLY) trade information
Sporting 2.94% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FSLY stock price touched $6.14 or saw a rise of 15.66%. Year-to-date, Fastly Inc shares have moved -65.53%, while the 5-day performance has seen it change -12.36%. Over the past 30 days, the shares of Fastly Inc (NYSE:FSLY) have changed -19.17%. Short interest in the company has seen 16.59 million shares shorted with days to cover at 6.5.
Wall Street analysts have a consensus price target for the stock at $10.25, which means that the shares’ value could jump 40.1% from the levels at last check today. The projected low price target is $5.5 while the price target rests at a high of $42.0. In that case, then, we find that the latest price level in today’s session is -584.04% off the targeted high while a plunge would see the stock lose 10.42% from the levels at last check today.
Fastly Inc (FSLY) estimates and forecasts
Figures show that Fastly Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -75.45% over the past 6 months, with this year growth rate of 29.41%, compared to 22.10% for the industry. Revenue growth from the last financial year stood is estimated to be 6.10%.
11 analysts offering their estimates for the company have set an average revenue estimate of 131.89M for the current quarter. 11 have an estimated revenue figure of 137.31M for the next ending quarter. Year-ago sales stood 127.01M and 137.78M respectively for this quarter and the next, and analysts expect sales will grow by 3.80% for the current quarter and 6.10% 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 -25.28% over the past 5 years. Earnings growth for 2024 is a modest 16.62% while over the next 5 years, the company’s earnings are expected to increase by 30.00%.
Fastly Inc (NYSE:FSLY)’s Major holders
Insiders own 7.50% of the company shares, while shares held by institutions stand at 64.96% with a share float percentage of 70.23%. Investors are also buoyed by the number of investors in a company, with Fastly Inc having a total of 339.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 13.58 million shares worth more than $176.15 million. As of 2024-03-31, VANGUARD GROUP INC held 10.3013% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 11.05 million shares as of 2024-03-31. The firm’s total holdings are worth over $143.37 million and represent 8.3843% of shares outstanding.
