What Are Wall Street’s Thoughts On Fastly Inc. Shares (FSLY)?

The stock of Fastly Inc. (NYSE:FSLY) decreased by decreased by -$1.39 on Friday to finish at $48.19, down -2.80 percent. The last five days have seen an average of 4,183,800 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$39.18. The average number of shares traded over the last 20 days was 2,884,165, while the average volume over the last 50 days totaled 2,790,520.

FSLY stock appreciated 11.86% since last month. On 10/04/21, the company’s shares reached a one-month low of $36.62. The stock touched a high of $122.75 on 01/27/21, after rallying from a low of $33.87 in 52 weeks. The price of FSLY stock has declined by -44.84% or -$39.18 this year, reaching a new high 10 times. Still, the stock price is down -60.74% from the 52-week high.

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Insider Transactions

There have been 7 days since Fastly Inc. (FSLY) last reported insider trading activity on Oct 18. On Oct 18, Chief Financial Officer KISLING RONALD W sold 5,088 shares at $44.59 each. This transaction resulted in the insider making $226,874. On Sep 16, Shirk Brett sold 3,060 shares at a price of US$43.39. After the transaction, the insider now owns 166,940 shares. Chief Architect, Exec. Chair Bergman Artur had earlier sold 5,406 shares on Aug 20 for $40.69 a share. The transaction was completed for $219,967.

For the three months ended June 29, Fastly Inc.’s quick ratio was 9.80, while its current ratio was 9.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.92, and the total debt to equity ratio is 0.94. As far as profitability goes, gross margin for the trailing twelve months is 56.40% percent. Fastly Inc.’s EBITDA margin for the year ended June 29 was -19.68%, whereas its operating margin stood at -58.30% for the same period. Based on annual data, it had gross profit of $170.87 million and revenue of $290.87 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FSLY’s return on assets (ROA) during the last 12 months has been -11.70%. There was a -8.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -19.40%. ROE has averaged 3.34 in the past year for the broader industry.

Earnings Surprise

According to Fastly Inc.’s quarterly financial report for the quarter that ended June 29, it had $931.39 million in total debt versus $241.74 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $85.03 million, while revenues rose by 26.0% to $84.85 million. It was predicted that Fastly Inc.’s quarterly earnings would be -$0.15, but it ended up being -$0.17, beating the consensus by 11.80%. EBITDA was -$36.51 million for the quarter. At the end of Fastly Inc.’s most recent quarter ended June 29, its liabilities totaled 1.11 billion, while its total debt was $1.03 billion. Equity owned by shareholders amounts to $116.6 million.

Technical Picture

Here’s a quick look at Fastly Inc.’s (FSLY) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 68.11%, suggesting the stock is Neutral, with a 53.59% historical volatility rate.

The stochastic %K and %D were 82.82% and 87.57% respectively, while the average true range (ATR) was 2.34. Based on the 14-day stochastic reading of 77.04%, the RSI (14) reading is 63.83%. On the 9-day MACD Oscillator, the stock is at 2.80, and the 14-day reading is at 5.03.

Analyst Ratings

Analysts have assigned Fastly Inc. (FSLY) an Hold rating. FSLY is a stock that is recommended for selling by 1 brokerage firm, while 8 companies recommend holding. The stock is underweighted by 2 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.

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

The current consensus forecast for the stock is between $32.00 and $49.00, with a median target price of $36.00. In analyzing these forecasts, the average price target given by analysts for Fastly Inc. (FSLY) is $37.43.


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