Fastly Inc. (NYSE:FSLY) saw an upside of 1.11% to $19.13 after adding $0.21 on Tuesday. The 5-day average trading volume is 2,634,266 shares of the company’s common stock. It has gained $19.80 in the past week and touched a new high 2 times within the past 5 days. An average of 3,253,582 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,958,569.
FSLY’s 1-month performance is 9.37% or $1.93 on its low of $16.26 reached on 08/02/23. The company’s shares have touched a 52-week low of $7.15 and high of $21.54, with the stock’s rally to the 52-week high happening on 08/09/23. YTD, FSLY has achieved 133.57% or $10.93 and has reached a new high 24 times. However, the current price is down -11.19% from the 52-week high price.
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Insider Transactions
FSLY stock investors last saw insider trading activity on Aug 16.Nightingale Todd (CEO) most recently sold 74,553 shares at $18.51 per share on Aug 16. This transaction cost the insider $1,379,976. Chief Architect, Bergman Artur, sold 17,605 shares at a price of $18.51 on Aug 16. Then, on Aug 16, Chief Financial Officer KISLING RONALD W sold 16,933 shares at a price of $18.51 per share. This transaction amounted to $313,430.
Valuation Metrics
FSLY stock has a beta of 1.24. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.23 while the price-to-book (PB) in the most recent quarter is 2.47.
Fastly Inc.’s quick ratio for the period ended June 30 was 3.80, with the current ratio over the same period at 3.80. As well, the company’s long term debt to equity for the quarter ending June 30 was 0.49, while the total debt to equity was 0.51. In terms of profitability, the gross margin trailing 12 months is 51.20%. The trailing 12-month EBITDA margin is -33.11% while for the period ending June 30, Fastly Inc.’s operating margin was -37.30%. The firm’s gross profit as reported stood at $209.78 million against revenue of $432.73 million.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -53.64% to -$10.7 million, while revenue of -$44.69 million was -317.66% off the previous quarter. Analysts expected FSLY to announce -$0.1 per share in earnings in its latest quarter, but it posted -$0.04, representing a 60.00% surprise. EBITDA for the quarter stood at more than -$33.0 million. FSLY stock balance sheet for the quarter ending June 30 shows that total liabilities totaled 669.66 million, with total debt at $573.65 million. Shareholders hold equity totaling $129.2 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 21 August was 51.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.58%.
The stock’s 5-day moving average is $19.10, reflecting a +2.15% or $0.40 change from its current price. FSLY is currently trading +10.54% above its 20-day SMA, +15.48% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +15.13% and SMA200 by+142.07%.
Stochastic %K and %D was 46.43% and 51.74% and the average true range (ATR) pointed at 1.09. The RSI (14) points at 53.35%, while the 14-day stochastic is at 31.73% with the period’s ATR at 1.10. The stock’s 9-day MACD Oscillator is pointing at -0.03 and -0.57 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Fastly Inc. (NYSE: FSLY), Morgan Stanley upgraded it to an Equal-weight rating. They previously had an Underweight rating on the stock. Analysts offering their rating for FSLY stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate FSLY as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 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 $12.00 and a high of $26.50, with their median price target at $20.00. Looking at these predictions, the average price target given by analysts is for Fastly Inc. (FSLY) stock is $19.94.
