During the last session, Fabrinet (NYSE:FN)’s traded shares were 0.87 million, with the beta value of the company hitting 0.95. At the end of the trading day, the stock’s price was $242.53, reflecting an intraday gain of 0.65% or $1.56. The 52-week high for the FN share is $278.38, that puts it down -14.78 from that peak though still a striking 37.22% gain since the share price plummeted to a 52-week low of $152.27. The company’s market capitalization is $8.80B, and the average intraday trading volume over the past 10 days was 0.47 million shares, and the average trade volume was 568.90K shares over the past three months.

Fabrinet (FN) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. FN has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 2.38.

Fabrinet (NYSE:FN) trade information

Fabrinet (FN) registered a 0.65% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.65% in intraday trading to $242.53, hitting a weekly high. The stock’s 5-day price performance is -1.60%, and it has moved by 3.59% in 30 days. Based on these gigs, the overall price performance for the year is 57.76%. The short interest in Fabrinet (NYSE:FN) is 1.47 million shares and it means that shorts have 2.08 day(s) to cover.

The consensus price target of analysts on Wall Street is $156, which implies a decrease of -55.47% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $100 and $260 respectively. As a result, FN is trading at a discount of -7.2% off the target high and 58.77% off the low.

Fabrinet (FN) estimates and forecasts

Statistics show that Fabrinet has outperformed its competitors in share price, compared to the industry in which it operates. Fabrinet (FN) shares have gone up 35.33% during the last six months, with a year-to-date growth rate more than the industry average at 11.60% against -1.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 19.00% this quarter and then jump 17.30% in the quarter after that. In the rating firms’ projections, revenue will increase 12.50% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 770.37M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 793.5M by the end of current fiscal year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 19.77%. While earnings are projected to return 12.35% in 2024, the next five years will return 21.00% per annum.

FN Dividends

Fabrinet is due to release its next quarterly earnings on 2024-Nov-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Fabrinet (NYSE:FN)’s Major holders

Fabrinet insiders own 0.38% of total outstanding shares while institutional holders control 111.26%, with the float percentage being 111.69%. BLACKROCK INC. is the largest shareholder of the company, while 592.0 institutions own stock in it. As of 2024-06-30, the company held over 5.77 million shares (or 15.9245% of all shares), a total value of $1.41 billion in shares.

The next largest institutional holding, with 4.37 million shares, is of VANGUARD GROUP INC’s that is approximately 12.0523% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.07 billion.