The Stock Of The Week: Fabrinet (FN)


As of Wednesday close, Fabrinet’s (NYSE:FN) stock was up $0.16, moving up 0.12 percent to $129.51. The average number of shares traded per day over the past five days has been 161,020 shares. 3 times new highs have been achieved over the past 5 days, with a $2.58 gain in that time frame. In the last twenty days, the average volume was 221,230, while in the previous 50 days, it was 209,134.

Since last month, FN stock rose 14.50%. Shares of the company fell to $105.42 on 10/24/22, the lowest level in the past month. A 52-week high of $129.94 was reached on 11/23/22 after having rallying from a 52-week low of $74.57. Since the beginning of this year, FN’s stock price has risen by 9.32% or $11.04, and marked a new high 7 times. However, the stock has declined by -0.33% since its 52-week high.

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FN stock investors should be aware that Fabrinet (FN) stock had its last reported insider trading activity 6 days ago on Nov 18. Gill Harpal, the President & COO of the company, disposed of 4,896 shares for $128.93 on Nov 18. It resulted in a $631,229 divestment by the insider. Gill Harpal sold 6,377 shares at an average price of $128.12 on Nov 17. The insider now owns 35,013 shares following the transaction. On Nov 10, Chief Financial Officer Sverha Csaba sold 14,194 shares at $121.94 apiece. The transaction was valued at $1,730,809.

Valuation Metrics

Right now, Fabrinet (FN) has a P/E ratio of about 21.87. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 1.97, the price-to-book (PB) ratio of 3.63, and the price-to-cash flow ratio of 59.56 may also be considered.

Financial Health

In the three months ended September 29, Fabrinet’s quick ratio stood at 1.90, while its current ratio was 2.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.01, and the total debt-to-equity ratio was 0.02. On the profitability front, the trailing twelve-month gross margin is 12.50% percent. In the year ended September 29, operating margins totaled 9.40%. Based on annual data, FN earned $278.59 million in gross profit and brought in $2.26 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 15.40%. Return on equity (ROE) for the past 12 months was 17.70%.

In Fabrinet’s quarter-end financial report for September 29, it reported total debt of $9.12 million against cash and short-term investments of $244.54 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FN’s revenue rose 17.1% to $587.87 million during the quarter, while net income inched up to $655.43 million. While analysts expected Fabrinet to report $1.74 quarterly earnings, the actual figure was $1.97 per share, beating the consensus estimate by 13.20%. During the quarter, the company generated $73.5 million in EBITDA. The liabilities of Fabrinet were 562.02 million at the end of its most recent quarter ended September 29, and its total debt was $25.38 million. The value of shareholders’ equity is $36.59 million.

Technical Picture

This quick technical analysis looks at Fabrinet’s (FN) price momentum. With a historical volatility rate of 34.43%, the RSI 9-day stood at 70.78% on 23 November.

With respect to its five-day moving average, the current Fabrinet price is up by +2.03% percent or $2.58. At present, FN shares trade +15.71% above its 20-day simple moving average and +58.87% percent above its 100-day simple moving average. However, the stock is currently trading approximately +25.99% above its SMA50 and +28.44% above its SMA200.

Stochastic coefficient K was 92.91% and Stochastic coefficient D was 94.88%, while ATR was 3.59. Given the Stochastic reading of 90.63% for the 14-day period, the RSI (14) reading has been calculated as 69.17%. As of today, the MACD Oscillator reading stands at 1.28, while the 14-day reading stands at 4.89.


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