Fastly Inc. (FSLY) Price Target: Is It Set To Rise Or Fall In Price?

Fastly Inc. (NYSE:FSLY) finished Wednesday with an addition of $1.72 to close at $43.79, an upside of 4.09 percent. An average of 2,041,600 shares of common stock have been traded in the last five days. There was a gain of $4.19 in the past week. The last 20 days have seen an average of 2,370,325 shares traded, while the 50-day average volume stands at 4,040,202.

FSLY stock has decreased by -0.64% in the last month. The company shares reached their 1-month lowest point of $36.62 on 10/04/21. With the stock rallying to its 52-week high on 01/27/21, shares of the company touched a low of $33.87 and a high of $136.50 in 52 weeks. In spite of this, the price is down -67.92% from the 52-week high.


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Insider Transactions

28 days have passed since Fastly Inc. (FSLY) last reported insider trading activity. Shirk Brett, who is Executive Vice President, CRO, most recently acquired $3,060 shares at $43.39 per share on Sep 16. In this transaction, the insider spent $132,773. Chief Architect, Exec. Chair, Bergman Artur, disposed of 5,406 shares at a price of $40.69 on Aug 20. The insider now owns more than $219,967 worth of shares. Prior to that, CEO Bixby Joshua went on to Sale 4,962 shares at $41.19 each on Aug 19. An amount of $204,385 was transacted.

Valuation Metrics

Fastly Inc. (FSLY) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.92, the price-to-book (PB) ratio at 4.91.

The quick ratio of Fastly Inc. for the three months ended June 29 was 9.80, and the current ratio was 9.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.92 and a total debt to equity ratio of 0.94 for the quarter ending June 29. Fastly Inc.’s EBITDA margin for the year ending June 29 is -19.68%, while its operating margin for the same period stands at -58.30%. Its gross profit as reported stood at $170.87 million compared to revenue of $290.87 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Fastly Inc.’s return on assets was -11.70%. For the broader industry, ROE averaged 3.34 over the past year.

Earnings Surprise

For the three-month period that ended June 29, Fastly Inc. had $241.74 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $85.03 million in the quarter, while revenues of $84.85 million were grew 26.0%. The analyst consensus anticipated Fastly Inc.’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.15, a 11.80% surprise. For the quarter, EBITDA amounted to -$36.51 million. Shareholders own equity worth $116.6 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Fastly Inc. (FSLY) price momentum. RSI 9-day as of the close on 13 October was 63.36%, suggesting the stock is Neutral, with historical volatility in this time frame at 62.27%.

As of today, FSLY’s price is $41.63 +10.58% or $4.19 from its 5-day moving average. FSLY is currently trading +0.50% higher than its 20-day SMA and -2.41% lower than its 100-day SMA. However, the stock’s current price level is -5.28% below the SMA50 and -51.46% below the SMA200.

The stochastic %K and %D were 83.62% and 69.67%, respectively, and the average true range (ATR) was 1.90. With the 14-day stochastic at 99.45% and the average true range at 1.96, the RSI (14) stands at 56.48%. The stock has reached 2.04 on the 9-day MACD Oscillator while the 14-day reading was at 1.84.

Analyst Ratings

The consensus rating for Fastly Inc. (FSLY) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell FSLY, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is FSLY’s price target for the next 12 months?

Analysts predict a range of price targets between $32.00 and $49.00, with a median target of $36.00. Taking a look at these predictions, the average price target given by analysts for Fastly Inc. (FSLY) stock is $37.43.

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