As of Thursday close, Fastly Inc.’s (NYSE:FSLY) stock was down -$1.17, moving down -6.04 percent to $18.19. The average number of shares traded per day over the past five days has been 2,759,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.43 fall in that time frame. In the last twenty days, the average volume was 2,834,610, while in the previous 50 days, it was 3,001,596.
Since last month, FSLY stock retreated -5.60%. Shares of the company fell to $18.14 on 09/21/23, the lowest level in the past month. A 52-week high of $24.31 was reached on 09/01/23 after having rallying from a 52-week low of $7.15. Since the beginning of this year, FSLY’s stock price has risen by 122.10% or $10.00, and marked a new high 29 times. However, the stock has declined by -25.17% since its 52-week high.
FSLY stock investors should be aware that Fastly Inc. (FSLY) stock had its last reported insider trading activity 4 days ago on Sep 18. Bergman Artur, the Chief Architect of the company, disposed of 20,828 shares for $20.12 on Sep 18. It resulted in a $419,059 divestment by the insider. Shirk Brett sold 4,706 shares at an average price of $20.40 on Sep 18. The insider now owns 265,951 shares following the transaction. On Sep 11, Chief Architect Bergman Artur sold 21,875 shares at $23.36 apiece. The transaction was valued at $511,000.
Valuation Metrics
The stock’s beta is 1.24. Besides these, the trailing price-to-sales (P/S) ratio of 5.28, the price-to-book (PB) ratio of 2.35.
Financial Health
In the three months ended June 29, Fastly Inc.’s quick ratio stood at 3.80, while its current ratio was 3.80, 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 June 29 was 0.49, and the total debt-to-equity ratio was 0.51. On the profitability front, the trailing twelve-month gross margin is 51.20% percent. In the year ended June 29, EBITDA margin amounted to -33.11%, whereas operating margins totaled -37.30%. Based on annual data, FSLY earned $209.78 million in gross profit and brought in $432.73 million 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 -11.30%. Return on equity (ROE) for the past 12 months was -17.10%.
In Fastly Inc.’s quarter-end financial report for June 29, it reported total debt of $472.37 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FSLY’s revenue rose 16.54% to $117.56 million during the quarter, while net income inched up to $122.83 million. While analysts expected Fastly Inc. to report -$0.1 quarterly earnings, the actual figure was -$0.04 per share. During the quarter, the company generated -$33.0 million in EBITDA. The liabilities of Fastly Inc. were 669.66 million at the end of its most recent quarter ended June 29, and its total debt was $573.65 million. The value of shareholders’ equity is $129.2 million.
Technical Picture
This quick technical analysis looks at Fastly Inc.’s (FSLY) price momentum. With a historical volatility rate of 28.12%, the RSI 9-day stood at 20.59% on 21 September.
With respect to its five-day moving average, the current Fastly Inc. price is down by -15.86% percent or -$3.43. At present, FSLY shares trade -13.79% below its 20-day simple moving average and +23.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.69% above its SMA50 and +78.33% above its SMA200.
Stochastic coefficient K was 4.69% and Stochastic coefficient D was 4.56%, while ATR was 1.01. Given the Stochastic reading of 0.81% for the 14-day period, the RSI (14) reading has been calculated as 32.17%. As of today, the MACD Oscillator reading stands at -1.81, while the 14-day reading stands at -2.80.
Analyst Ratings
Morgan Stanley upgraded its rating on Fastly Inc. (NYSE: FSLY) to an Equal-weight in a note to investors on April 20, 2023. The analysts firm previously had an Underweight rating on the stock.Fastly Inc. (FSLY) has been rated Hold by analysts. According to 2 brokerage firms, FSLY is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Fastly Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $20.00, the current consensus forecast for the stock is $10.00 – $26.50. Based on these forecasts, analysts predict Fastly Inc. (FSLY) will achieve an average price target of $19.06.
