During the recent session, Fastly Inc (NYSE:FSLY)’s traded shares were 4.94 million, with the beta value of the company hitting 1.25. At the last check today, the stock’s price was $7.59, reflecting an intraday loss of -24.68% or -$2.48. The 52-week high for the FSLY share is $23.94, that puts it down -215.42 from that peak though still a striking 27.27% gain since the share price plummeted to a 52-week low of $5.52. The company’s market capitalization is $1.06B, and the average intraday trading volume over the past 10 days was 3.17 million shares, and the average trade volume was 3.26 million shares over the past three months.
Fastly Inc (FSLY) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.08. FSLY has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.04.
Fastly Inc (NYSE:FSLY) trade information
Fastly Inc (FSLY) registered a -24.68% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -24.68% in intraday trading to $7.59, hitting a weekly high. The stock’s 5-day price performance is -24.07%, and it has moved by -14.00% in 30 days. Based on these gigs, the overall price performance for the year is -69.65%. The short interest in Fastly Inc (NYSE:FSLY) is 9.31 million shares and it means that shorts have 3.95 day(s) to cover.
The consensus price target of analysts on Wall Street is $8, which implies an increase of 5.13% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $8 respectively. As a result, FSLY is trading at a discount of -5.4% off the target high and -5.4% off the low.
Fastly Inc (FSLY) estimates and forecasts
In the rating firms’ projections, revenue will increase 6.81% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 137.85M as predicted by 8 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to 140.49M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 133.52M and 132.37M respectively. In this case, analysts expect current quarter sales to grow by 3.24% and then jump by 6.14% in the coming quarter.
FSLY Dividends
Fastly Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Fastly Inc (NYSE:FSLY)’s Major holders
The next largest institutional holding, with 11.87 million shares, is of MORGAN STANLEY’s that is approximately 8.8233% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $87.52 million.
Also, the Mutual Funds coming in first place with the largest holdings of Fastly Inc (FSLY) shares are Amplify ETF Tr-Amplify Cybersecurity ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that Amplify ETF Tr-Amplify Cybersecurity ETF owns about 5.07 shares. This amounts to just over 3.61 percent of the company’s overall shares, with a $38.49 million market value. The same data shows that the other fund manager holds slightly less at 3.94, or about 2.81% of the stock, which is worth about $29.92 million.
