In the last trading session, 6.14 million shares of the Fastly Inc (NYSE:FSLY) were traded, and its beta was 1.26. Most recently the company’s share price was $10.90, and it changed around $0.97 or 9.77% from the last close, which brings the market valuation of the company to $1.68B. FSLY currently trades at a discount to its 52-week high of $25.87, offering almost -137.34% off that amount. The share price’s 52-week low was $5.52, which indicates that the current value has risen by an impressive 49.36% since then. We note from Fastly Inc’s average daily trading volume that its 10-day average is 4.57 million shares, with the 3-month average coming to 2.88 million.

Fastly Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 10 recommended FSLY as a Hold, whereas 1 deemed it a Buy, and 2 rated it as Underweight. Fastly Inc is expected to report earnings per share of -0.0 for the current quarter.

Fastly Inc (NYSE:FSLY) trade information

Instantly FSLY has showed a green trend with a performance of 9.77% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 10.95 on recent trading dayincreased the stock’s daily price by 0.46%. The company’s shares are currently down -38.76% year-to-date, but still up 28.54% over the last five days. On the other hand, Fastly Inc (NYSE:FSLY) is 33.58% up in the 30-day period. We can see from the shorts that 10.2 million shares have been sold at a short interest cover period of 3.5 day(s).

The consensus price target as assigned by Wall Street analysts is $6.75, which translates to bulls needing to decrease their stock price by -61.48% from its current value. Analyst projections state that FSLY is forecast to be at a low of $5.5 and a high of $8.

Fastly Inc (FSLY) estimates and forecasts

Fastly Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 45.72 percent over the past six months and at a 41.18% annual growth rate that is well above the industry average of 24.60%. The year-over-year growth rate is expected to be 7.04%, up from the previous year.

Consensus estimates provided by 11 financial analysts predict the company will bring in an average of 138.49M in revenue for the current quarter. 9 analysts expect Fastly Inc to make 137.27M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 137.78M and 133.52M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.52%. Forecasts for the next quarter put sales growth at 2.81%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -25.28%. Fastly Inc earnings are expected to increase by 40.88% in 2024, but the outlook is positive 30.00% per year for the next five years.

FSLY Dividends

Fastly Inc’s next quarterly earnings report is expected to be released in January.

Fastly Inc (NYSE:FSLY)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 7.15% of Fastly Inc shares, and 72.20% of them are in the hands of institutional investors. The stock currently has a share float of 77.76%. Fastly Inc stock is held by 312.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 11.3669% of the shares, which is about 15.3 million shares worth $112.75 million.

MORGAN STANLEY, with 8.8233% or 11.87 million shares worth $87.52 million as of 2024-06-30, holds the second largest percentage of outstanding shares.