The Price Target For Fastly Inc. (FSLY)?

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KOSK
KOSK

Fastly Inc. (NYSE:FSLY) finished Wednesday with a subtraction of -$0.23 to close at $8.75, a downside of -2.56 percent. An average of 3,543,700 shares of common stock have been traded in the last five days. There was a fall of -$0.93 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 3,776,605 shares traded, while the 50-day average volume stands at 3,830,628.

FSLY stock has decreased by -11.17% in the last month. The company shares reached their 1-month lowest point of $8.27 on 09/06/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $8.27 and a high of $58.62 in 52 weeks. It has reached a new high 1 time so far this year and lost -75.32% or -$26.70 in price. In spite of this, the price is down -85.07% from the 52-week high.


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Insider Transactions

6 days have passed since Fastly Inc. (FSLY) last reported insider trading activity. Shirk Brett, who is Executive Vice President, CRO, most recently acquired $2,998 shares at $9.51 per share on Sep 16. In this transaction, the insider spent $28,511. Executive Vice President, CRO, Shirk Brett, disposed of 7,000 shares at a price of $9.92 on Sep 15. The insider now owns more than $69,440 worth of shares. Prior to that, Executive Vice President, CRO Shirk Brett went on to Sale 30,000 shares at $11.29 each on Aug 17. An amount of $338,700 was transacted.

Valuation Metrics

Fastly Inc. (FSLY) stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.92, the price-to-book (PB) ratio at 1.07.

Financial Health

The quick ratio of Fastly Inc. for the three months ended June 29 was 4.10, and the current ratio was 4.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.73 and a total debt to equity ratio of 0.76 for the quarter ending June 29. Its gross profit as reported stood at $187.33 million compared to revenue of $354.33 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 -9.30%.

Earnings Surprise

For the three-month period that ended June 29, Fastly Inc. had $419.91 million in cash and short-term investments compared to $703.38 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$16.44 million in the quarter, while revenues of -$64.26 million were shrunk -254.62%. The analyst consensus anticipated Fastly Inc.’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.23, a -35.30% surprise. For the quarter, EBITDA amounted to -$42.58 million. Shareholders own equity worth $122.0 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 21 September was 36.47%, suggesting the stock is Neutral, with historical volatility in this time frame at 80.69%.

As of today, FSLY’s price is $9.24 -9.61% or -$0.93 from its 5-day moving average. FSLY is currently trading -8.09% lower than its 20-day SMA and -48.83% lower than its 100-day SMA. However, the stock’s current price level is -26.28% below the SMA50 and -75.64% below the SMA200.

The stochastic %K and %D were 33.04% and 42.64%, respectively, and the average true range (ATR) was 0.62. With the 14-day stochastic at 21.16% and the average true range at 0.66, the RSI (14) stands at 39.15%. The stock has reached -0.52 on the 9-day MACD Oscillator while the 14-day reading was at -0.28.

Analyst Ratings

RBC Capital Mkts downgraded Fastly Inc. (NYSE: FSLY) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform.

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