In the last trading session, 2.71 million Fastly Inc (NYSE:FSLY) shares changed hands as the company’s beta touched 1.29. With the company’s per share price at $6.76 changed hands at -$0.15 or -2.17% during last session, the market valuation stood at $948.43M. FSLY’s last price was a discount, traded about -118.34% off its 52-week high of $14.76. The share price had its 52-week low at $5.52, which suggests the last value was 18.34% up since then.
Analysts gave the Fastly Inc (FSLY) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.17. 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 -0.06.
Fastly Inc (NYSE:FSLY) trade information
Instantly FSLY was in red as seen at the end of in last trading. With action -17.26%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -28.39%, with the 5-day performance at -17.26% in the red. However, in the 30-day time frame, Fastly Inc (NYSE:FSLY) is -34.24% down.
The consensus price target for the stock as assigned by Wall Street analysts is 8, meaning bulls need an upside of 15.5% from its current market value. According to analyst projections, FSLY’s forecast low is 8 with 8 as the target high. To hit the forecast high, the stock’s price needs a -18.34% plunge from its current level, while the stock would need to soar -18.34% for it to hit the projected low.
Fastly Inc (FSLY) estimates and forecasts
Year-over-year growth is forecast to reach 6.77% up from the last financial year.
Consensus estimates given by 9 financial analysts project the company’s revenue in the current quarter to hit an average of 138M. 9 analysts are of the opinion that Fastly Inc’s revenue for the current quarter will be 140.75M. The company’s revenue for the corresponding quarters a year ago was 133.52M and 132.37M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 3.36%. The estimates for the next quarter sales put growth at 6.33%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -8.70%. The 2025 estimates are for Fastly Inc earnings to increase by 13.26%.
FSLY Dividends
Fastly Inc is expected to release its next quarterly earnings report in March.
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 $34.26 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 $26.63 million.
