Fastly Inc. (NYSE:FSLY) finished Thursday with a subtraction of -$1.07 to close at $19.31, a downside of -5.25 percent. An average of 4,369,580 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 14 times over the past 12 months. The last 20 days have seen an average of 3,273,185 shares traded, while the 50-day average volume stands at 3,008,048.
FSLY stock has increased by 12.20% in the last month. The company shares reached their 1-month lowest point of $16.26 on 08/02/23. With the stock rallying to its 52-week high on 08/09/23, shares of the company touched a low of $7.15 and a high of $21.54 in 52 weeks. It has reached a new high 24 times so far this year and achieved 135.78% or $11.12 in price. In spite of this, the price is down -10.35% from the 52-week high.
Insider Transactions
FSLY stock investors should be aware that Fastly Inc. (FSLY) stock had its last reported insider trading activity 8 days ago on Aug 03. In this transaction, the insider spent $554,977. Chief Architect, Bergman Artur, disposed of 11,163 shares at a price of $18.22 on Jul 31. The insider now owns more than $203,390 worth of shares. Prior to that, Chief Architect Bergman Artur went on to Sale 11,163 shares at $17.33 each on Jul 24. An amount of $193,455 was transacted.
Valuation Metrics
Fastly Inc. (FSLY) stock’s beta is 1.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.05, the price-to-book (PB) ratio at 2.53.
Financial Health
The quick ratio of Fastly Inc. for the three months ended June 29 was 5.30, and the current ratio was 5.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.75 and a total debt to equity ratio of 0.77 for the quarter ending June 29. Fastly Inc.’s EBITDA margin for the year ending June 29 is -33.11%, while its operating margin for the same period stands at -41.00%. Its gross profit as reported stood at $209.78 million compared to revenue of $432.73 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 -10.00%.
Earnings Surprise
For the three-month period that ended June 29, Fastly Inc. had $123.61 million in cash and short-term investments compared to $472.37 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 -$10.7 million in the quarter, while revenues of -$44.69 million were shrunk -53.64%. The analyst consensus anticipated Fastly Inc.’s latest quarter earnings to come in at -$0.1 per share, but it turned out to be -$0.04, a 60.00% surprise. For the quarter, EBITDA amounted to -$33.0 million. Shareholders own equity worth $129.2 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 10 August was 53.31%, suggesting the stock is Neutral, with historical volatility in this time frame at 125.81%.
As of today, FSLY’s price is $20.46 -4.59% or -$0.93 from its 5-day moving average. FSLY is currently trading +6.22% higher than its 20-day SMA and +25.23% higher than its 100-day SMA. However, the stock’s current price level is +21.29% above the SMA50 and +130.70% above the SMA200.
The stochastic %K and %D were 75.66% and 84.98%, respectively, and the average true range (ATR) was 1.38. With the 14-day stochastic at 57.77% and the average true range at 1.26, the RSI (14) stands at 55.29%. The stock has reached 0.72 on the 9-day MACD Oscillator while the 14-day reading was at 1.47.
Analyst Ratings
Morgan Stanley upgraded Fastly Inc. (NYSE: FSLY) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for Fastly Inc. (FSLY) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell FSLY, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
