In recent trading session, Fastly Inc (NYSE:FSLY) saw 0.76 million shares changing hands at last check today with its beta currently measuring 1.22. Company’s recent per share price level of $10.31 trading at $0.33 or 3.36% at last check today assigns it a market valuation of $1.45B. That most recent trading price of FSLY’s stock is at a discount of -150.92% from its 52-week high price of $25.87 and is indicating a premium of 46.46% from its 52-week low price of $5.52. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.49 million shares which gives us an average trading volume of 3.17 million if we extend that period to 3-months.
For Fastly Inc (FSLY), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 11 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.0 in the current quarter.
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Fastly Inc (NYSE:FSLY) trade information
Upright in the green today for gaining 3.36%, in the last five days FSLY remained trading in the red while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $10.31 price level, adding 14.65% to its value on the day. Fastly Inc’s shares saw a change of -42.05% in year-to-date performance and have moved -1.57% in past 5-day. Fastly Inc (NYSE:FSLY) showed a performance of 59.18% in past 30-days. Number of shares sold short was 9.91 million shares which calculate 3.08 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.75 to the stock, which implies a fall of -52.74% to its recent value today. Analysts have been projecting 5.5 as a low price target for the stock while placing it at a high target of 8. It follows that stock’s current price would jump 46.65% in reaching the projected high whereas dropping to the targeted low would mean a gain of 46.65% for stock’s current value.
Fastly Inc (FSLY) estimates and forecasts
Statistics highlight that Fastly Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 43.26% of value to its shares in past 6 months, showing an annual growth rate of 41.18% while that of industry is 25.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 7.05% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 138.56M for the same. And 9 analysts are in estimates of company making revenue of 137.27M in the next quarter. Company posted 137.78M and 133.52M 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 -25.28% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 40.85% while estimates for its earnings growth in next 5 years are of 30.00%.
Fastly Inc (NYSE:FSLY)’s Major holders
Insiders are in possession of 7.05% of company’s total shares while institution are holding 72.19 percent of that, with stock having share float percentage of 77.67%. Investors also watch the number of corporate investors in a company very closely, which is 72.19% institutions for Fastly Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at FSLY for having 15.3 million shares of worth $112.75 million. And as of 2024-06-30, it was holding 11.3669 of the company’s outstanding shares.
The second largest institutional holder is MORGAN STANLEY, which was holding about 11.87 million shares on 2024-06-30. The number of shares represents firm’s hold over 8.8233 of outstanding shares, having a total worth of $87.52 million.
