During the last session, Fastly Inc (NYSE:FSLY)’s traded shares were 0.87 million, with the beta value of the company hitting 1.21. At the end of the trading day, the stock’s price was $6.81, reflecting an intraday gain of 5.07% or $0.33. The 52-week high for the FSLY share is $25.87, that puts it down -279.88 from that peak though still a striking 18.94% gain since the share price plummeted to a 52-week low of $5.52. The company’s market capitalization is $955.20M, and the average intraday trading volume over the past 10 days was 3.18 million shares, and the average trade volume was 2.51 million shares over the past three months.
Fastly Inc (FSLY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.15. FSLY has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 5 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 -0.0.
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Fastly Inc (NYSE:FSLY) trade information
Fastly Inc (FSLY) registered a 5.07% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.07% in intraday trading to $6.81, hitting a weekly high. The stock’s 5-day price performance is -4.11%, and it has moved by -3.84% in 30 days. Based on these gigs, the overall price performance for the year is -60.94%. The short interest in Fastly Inc (NYSE:FSLY) is 11.84 million shares and it means that shorts have 5.92 day(s) to cover.
The consensus price target of analysts on Wall Street is $10.25, which implies an increase of 33.56% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.5 and $42 respectively. As a result, FSLY is trading at a discount of -516.74% off the target high and 19.24% off the low.
Fastly Inc (FSLY) estimates and forecasts
Statistics show that Fastly Inc has outperformed its competitors in share price, compared to the industry in which it operates. Fastly Inc (FSLY) shares have gone down -21.02% during the last six months, with a year-to-date growth rate more than the industry average at 41.18% against 24.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -137.70% this quarter and then jump 80.28% in the quarter after that. In the rating firms’ projections, revenue will increase 7.04% 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 138.49M as predicted by 11 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 136.32M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 137.78M and 133.52M respectively. In this case, analysts expect current quarter sales to grow by 0.52% and then jump by 2.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -25.28%. While earnings are projected to return 40.88% in 2024, the next five years will return 30.00% per annum.
FSLY Dividends
Fastly Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Fastly Inc (NYSE:FSLY)’s Major holders
Fastly Inc insiders own 7.26% of total outstanding shares while institutional holders control 71.14%, with the float percentage being 76.71%. VANGUARD GROUP INC is the largest shareholder of the company, while 312.0 institutions own stock in it. As of 2024-06-30, the company held over 15.3 million shares (or 11.3669% of all shares), a total value of $112.75 million in shares.
The next largest institutional holding, with 11.87 million shares, is of MORGAN STANLEY’s that is approximately 8.8233% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $87.52 million.
Also, the Mutual Funds coming in first place with the largest holdings of Fastly Inc (FSLY) shares are Amplify ETF Tr-Amplify Cybersecurity ETF and Vanguard Total Stock Market Index Fund. Data provided on Jun 30, 2024 indicates that Amplify ETF Tr-Amplify Cybersecurity ETF owns about 4.27 shares. This amounts to just over 3.04 percent of the company’s overall shares, with a $29.77 million market value. The same data shows that the other fund manager holds slightly less at 3.93, or about 2.80% of the stock, which is worth about $27.46 million.
