In last trading session, Fabrinet (NYSE:FN) saw 0.5 million shares changing hands with its beta currently measuring 0.91. Company’s recent per share price level of $236.00 trading at $10.15 or 4.49% at ring of the bell on the day assigns it a market valuation of $8.56B. That closing price of FN’s stock is at a discount of -17.96% from its 52-week high price of $278.38 and is indicating a premium of 32.5% from its 52-week low price of $159.30. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.71 million shares which gives us an average trading volume of 644.11K if we extend that period to 3-months.
For Fabrinet (FN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 2.49 in the current quarter.
Fabrinet (NYSE:FN) trade information
Upright in the green during last session for gaining 4.49%, in the last five days FN remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $236.00 price level, adding 0.23% to its value on the day. Fabrinet’s shares saw a change of 24.00% in year-to-date performance and have moved 2.60% in past 5-day. Fabrinet (NYSE:FN) showed a performance of -5.73% in past 30-days. Number of shares sold short was 1.87 million shares which calculate 3.21 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 156 to the stock, which implies a fall of -51.28% to its current value. Analysts have been projecting 100 as a low price target for the stock while placing it at a high target of 280. It follows that stock’s current price would jump 57.63% in reaching the projected high whereas dropping to the targeted low would mean a gain of 57.63% for stock’s current value.
Fabrinet (FN) estimates and forecasts
Statistics highlight that Fabrinet is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -1.47% of value to its shares in past 6 months, showing an annual growth rate of 13.51% while that of industry is -2.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 15.36% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 813.86M for the same. And 7 analysts are in estimates of company making revenue of 828.19M in the next quarter. Company posted 712.69M and 731.53M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.77% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 13.63% while estimates for its earnings growth in next 5 years are of 22.00%.
Fabrinet (NYSE:FN)’s Major holders
Insiders are in possession of 0.38% of company’s total shares while institution are holding 104.81 percent of that, with stock having share float percentage of 105.22%. Investors also watch the number of corporate investors in a company very closely, which is 104.81% institutions for Fabrinet that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at FN for having 5.77 million shares of worth $1.41 billion. And as of 2024-06-30, it was holding 15.9245 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 4.37 million shares on 2024-06-30. The number of shares represents firm’s hold over 12.0523 of outstanding shares, having a total worth of $1.07 billion.
On the other hand, iShares Core S&P Smallcap ETF and Smallcap World Fund are the top two Mutual Funds which own company’s shares. As of Aug 31, 2024 , the former fund manager was holding 2.42 shares of worth $567.4 million or 6.67% of the total outstanding shares. The later fund manager was in possession of 1.54 shares on Jun 30, 2024 , making its stake of worth around $361.73 million in the company or a holder of 4.25% of company’s stock.
