Fastly Inc (NYSE:FSLY) has a beta value of 1.24 and has seen 0.59 million shares traded in the last trading session. The company, currently valued at $1.30B, closed the last trade at $9.24 per share which meant it lost -$0.48 on the day or -4.89% during that session. The FSLY stock price is -179.98% off its 52-week high price of $25.87 and 40.26% above the 52-week low of $5.52. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.24 million shares traded. The 3-month trading volume is 3.23 million shares.
The consensus among analysts is that Fastly Inc (FSLY) is Buy stock at the moment, with a recommendation rating of 3.08. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 11 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.0.
Fastly Inc (NYSE:FSLY) trade information
Sporting -4.89% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FSLY stock price touched $9.24 or saw a rise of 9.06%. Year-to-date, Fastly Inc shares have moved -2.07%, while the 5-day performance has seen it change -2.07%. Over the past 30 days, the shares of Fastly Inc (NYSE:FSLY) have changed -15.18%. Short interest in the company has seen 10.12 million shares shorted with days to cover at 2.5.
Wall Street analysts have a consensus price target for the stock at $6.75, which means that the shares’ value could drop -36.89% from current levels. The projected low price target is $5.5 while the price target rests at a high of $8.0. In that case, then, we find that the current price level is 13.42% off the targeted high while a plunge would see the stock lose 40.48% from current levels.
Fastly Inc (FSLY) estimates and forecasts
Figures show that Fastly Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 29.66% over the past 6 months, with this year growth rate of 41.18%, compared to 25.50% for the industry. Revenue growth from the last financial year stood is estimated to be 7.05%.
10 analysts offering their estimates for the company have set an average revenue estimate of 138.56M for the current quarter. 9 have an estimated revenue figure of 137.26M for the next ending quarter. Year-ago sales stood 137.78M and 133.52M respectively for this quarter and the next, and analysts expect sales will grow by 0.56% for the current quarter and 7.05% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -25.28% over the past 5 years. Earnings growth for 2025 is a modest 40.85% while over the next 5 years, the company’s earnings are expected to increase by 30.00%.
FSLY Dividends
Fastly Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Fastly Inc (NYSE:FSLY)’s Major holders
Insiders own 7.04% of the company shares, while shares held by institutions stand at 72.17% with a share float percentage of 77.64%. Investors are also buoyed by the number of investors in a company, with Fastly Inc having a total of 306.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 15.3 million shares worth more than $112.75 million. As of 2024-06-30, VANGUARD GROUP INC held 11.3669% of shares outstanding.
The other major institutional holder is MORGAN STANLEY, with the holding of over 11.87 million shares as of 2024-06-30. The firm’s total holdings are worth over $87.52 million and represent 8.8233% of shares outstanding.
