In the latest trading session, 0.94 million Fastly Inc (NYSE:FSLY) shares changed hands as the company’s beta touched 1.22. With the company’s most recent per share price at $6.59 changing hands around $0.14 or 2.25% at last look, the market valuation stands at $914.07M. FSLY’s current price is a discount, trading about -292.56% off its 52-week high of $25.87. The share price had its 52-week low at $5.52, which suggests the last value was 16.24% up since then. When we look at Fastly Inc’s average trading volume, we note the 10-day average is 7.04 million shares, with the 3-month average coming to 3.48 million.
Analysts gave the Fastly Inc (FSLY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.77. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended FSLY as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Fastly Inc’s EPS for the current quarter is expected to be -0.05.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Fastly Inc (NYSE:FSLY) trade information
Instantly FSLY is in green as seen in intraday trades today. With action 10.65%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -62.95%, with the 5-day performance at 10.65% in the green. However, in the 30-day time frame, Fastly Inc (NYSE:FSLY) is -14.90% down. Looking at the short shares, we see there were 16.59 million shares sold at short interest cover period of 6.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10.25, meaning bulls need an upside of 35.71% from its recent market value. According to analyst projections, FSLY’s forecast low is 5.5 with 42 as the target high. To hit the forecast high, the stock’s price needs a -537.33% plunge from its current level, while the stock would need to tank 16.54% for it to hit the projected low.
Fastly Inc (FSLY) estimates and forecasts
Data shows that the Fastly Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -58.26% over the past 6 months, a 17.65% in annual growth rate that is considerably lower than the industry average of 19.60%. Year-over-year growth is forecast to reach 5.70% 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 131.89M. 11 analysts are of the opinion that Fastly Inc’s revenue for the current quarter will be 137.31M. The company’s revenue for the corresponding quarters a year ago was 127.01M and 137.78M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.80%. The estimates for the next quarter sales put growth at -0.30%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.28%. The 2024 estimates are for Fastly Inc earnings to increase by 16.62%, but the outlook for the next 5-year period is at 30.00% per year.
FSLY Dividends
Fastly Inc is expected to release its next quarterly earnings report on 2024-Oct-30.
Fastly Inc (NYSE:FSLY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.49% of Fastly Inc shares while 68.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 73.67%. There are 68.15% institutions holding the Fastly Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-03-31, the company held 10.3013% of the shares, roughly 13.58 million FSLY shares worth $176.15 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 8.3843% or 11.05 million shares worth $143.37 million as of 2024-03-31.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 3.62 shares estimated at $23.82 million under it, the former controlled 2.62% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.28% of the shares, roughly 3.16 shares worth around $20.75 million.
