In the last trading session, 1.48 million Fastly Inc (NYSE:FSLY) shares changed hands as the company’s beta touched 1.25. With the company’s per share price at $8.82 changed hands at -$0.06 or -0.68% during last session, the market valuation stood at $1.24B. FSLY’s last price was a discount, traded about -193.31% off its 52-week high of $25.87. The share price had its 52-week low at $5.52, which suggests the last value was 37.41% up since then. When we look at Fastly Inc’s average trading volume, we note the 10-day average is 2.51 million shares, with the 3-month average coming to 3.29 million.
Analysts gave the Fastly Inc (FSLY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.08. If we narrow down to specifics, the data shows that 0 out of 11 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 5 recommended FSLY as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Fastly Inc’s EPS for the current quarter is expected to be -0.0.
Fastly Inc (NYSE:FSLY) trade information
Instantly FSLY was in red as seen at the end of in last trading. With action -9.91%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -6.57%, with the 5-day performance at -9.91% in the red. However, in the 30-day time frame, Fastly Inc (NYSE:FSLY) is -16.40% down. Looking at the short shares, we see there were 9.26 million shares sold at short interest cover period of 2.19 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.75, meaning bulls need a downside of -30.67% from its current market value. According to analyst projections, FSLY’s forecast low is 5.5 with 8 as the target high. To hit the forecast high, the stock’s price needs a 9.3% surge from its current level, while the stock would need to tank 37.64% for it to hit the projected low.
Fastly Inc (FSLY) estimates and forecasts
Data shows that the Fastly Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 16.21% over the past 6 months, a 41.18% in annual growth rate that is considerably higher than the industry average of 25.50%. Year-over-year growth is forecast to reach 7.05% up from the last financial year.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 138.56M. 9 analysts are of the opinion that Fastly Inc’s revenue for the current quarter will be 137.26M. The company’s revenue for the corresponding quarters a year ago was 137.78M and 133.52M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.56%. The estimates for the next quarter sales put growth at 2.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.28%. The 2025 estimates are for Fastly Inc earnings to increase by 40.85%.
FSLY Dividends
Fastly Inc is expected to release its next quarterly earnings report in February.
Fastly Inc (NYSE:FSLY)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.04% of Fastly Inc shares while 72.18% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.65%. There are 72.18% institutions holding the Fastly Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 11.3669% of the shares, roughly 15.3 million FSLY shares worth $112.75 million.
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 8.8233% or 11.87 million shares worth $87.52 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Amplify ETF Tr-Amplify Cybersecurity ETF and Vanguard Total Stock Market Index Fund . With 5.07 shares estimated at $44.7 million under it, the former controlled 3.61% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.81% of the shares, roughly 3.94 shares worth around $34.74 million.
