Stock on Demand This Week: Fastly Inc. (FSLY)

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Fastly Inc. (NYSE:FSLY) saw a downside of -1.69% to $10.44 after subtracting -$0.18 on Tuesday. The 5-day average trading volume is 2,857,809 shares of the company’s common stock. It has gained $10.89 in the past week and touched a new high 2 times within the past 5 days. An average of 2,948,737 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,114,885.

FSLY’s 1-month performance is 26.28% or $2.45 on its low of $7.15 reached on 12/28/22. The company’s shares have touched a 52-week low of $7.15 and high of $29.99, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, FSLY has achieved 29.67% or $2.22 and has reached a new high 9 times. However, the current price is down -65.19% from the 52-week high price.

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Insider Transactions

FSLY stock investors last saw insider trading activity on Jan 18.KISLING RONALD W (Chief Financial Officer) most recently sold 5,894 shares at $10.39 per share on Jan 18. This transaction cost the insider $61,239. Executive Vice President, CRO, Shirk Brett, sold 7,000 shares at a price of $8.80 on Dec 19. Then, on Dec 16, Executive Vice President, CRO Shirk Brett sold 4,706 shares at a price of $8.84 per share. This transaction amounted to $41,601.

Valuation Metrics

FSLY stock has a beta of 1.31. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.07 while the price-to-book (PB) in the most recent quarter is 1.34.

Fastly Inc.’s quick ratio for the period ended September 29 was 4.40, with the current ratio over the same period at 4.40. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.75, while the total debt to equity was 0.78. In terms of profitability, the gross margin trailing 12 months is 47.90%. The firm’s gross profit as reported stood at $187.33 million against revenue of $354.33 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Fastly Inc.’s cash and short-term investments amounted to $445.05 million against total debt of $836.55 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 11.38% to -$63.42 million, while revenue of -$16.44 million was 74.08% off the previous quarter. Analysts expected FSLY to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.14, representing a 17.60% surprise. EBITDA for the quarter stood at more than -$37.59 million. FSLY stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 939.62 million, with total debt at $836.55 million. Shareholders hold equity totaling $123.0 million.

Let’s look briefly at Fastly Inc. (FSLY) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 68.56% to suggest the stock is trending Neutral, with historical volatility in this time period at 44.70%.

The stock’s 5-day moving average is $10.29, reflecting a +2.46% or $0.25 change from its current price. FSLY is currently trading +28.52% above its 20-day SMA, +9.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +29.64% and SMA200 by-41.19%.

Stochastic %K and %D was 88.10% and 85.24% and the average true range (ATR) pointed at 0.56. The RSI (14) points at 64.52%, while the 14-day stochastic is at 83.56% with the period’s ATR at 0.57. The stock’s 9-day MACD Oscillator is pointing at 0.41 and 0.93 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Fastly Inc. (NYSE: FSLY), Credit Suisse launched coverage with a Neutral rating. Analysts offering their rating for FSLY stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate FSLY as a “sell,”, while 8 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $6.00 and a high of $25.00, with their median price target at $9.25. Looking at these predictions, the average price target given by analysts is for Fastly Inc. (FSLY) stock is $10.45.

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