Fastly Inc. [NYSE: FSLY] traded at a low on 04/09/21, posting a -1.29 loss after which it closed the day’ session at $67.86. The company report on April 9, 2021 that Fastly to Announce First Quarter 2021 Financial Results.
Fastly, Inc. (NYSE: FSLY), provider of an edge cloud platform, will release financial results for the first quarter of 2021 after market close on Wednesday, May 5, 2021. Fastly will issue a press release notifying once its quarterly shareholder letter has been posted on its Investor Relations website at https://investors.fastly.com.
Fastly will host a conference call to discuss its results at 2:00 p.m. PT / 5:00 p.m. ET on Wednesday, May 5, 2021. The call can be accessed by dialing (833) 968-2077 (U.S./Canada) or (236) 714-2139 (International) with conference ID 2979196. A live webcast of the call will be available at https://investors.fastly.com.
The results of the trading session contributed to over 2560666 shares changing hands. Over the past one week, the price volatility of Fastly Inc. stands at 3.98% while the volatility over the past one month is 5.09%.
The market cap for FSLY stock reached $7.88 billion, with 112.97 million shares outstanding and 94.55 million shares in the current float. Compared to the average trading volume of 4.89M shares, FSLY reached a trading volume of 2560666 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Fastly Inc. [FSLY]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FSLY shares is $85.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FSLY stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for Fastly Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 16, 2021. The new note on the price target was released on March 08, 2021, representing the official price target for Fastly Inc. stock. Previously, the target price had yet another raise to $49, while Citigroup analysts kept a Sell rating on FSLY stock.
The Average True Range (ATR) for Fastly Inc. is set at 4.13, with the Price to Sales ratio for FSLY stock in the period of the last 12 months amounting to 27.08. The Price to Book ratio for the last quarter was 7.22, with the Price to Cash per share for the same quarter was set at 1.67.
How has FSLY stock performed recently?
Fastly Inc. [FSLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.48. With this latest performance, FSLY shares dropped by -1.64% in over the last four-week period, additionally sinking by -43.61% over the last 6 months – not to mention a rise of 224.84% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FSLY stock in for the last two-week period is set at 43.54, with the RSI for the last a single of trading hit 45.62, and the three-weeks RSI is set at 42.70 for Fastly Inc. [FSLY]. The present Moving Average for the last 50 days of trading for this stock 81.22, while it was recorded at 68.69 for the last single week of trading, and 86.30 for the last 200 days.
Fastly Inc. [FSLY]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Fastly Inc. [FSLY] shares currently have an operating margin of -29.50 and a Gross Margin at +56.64. Fastly Inc.’s Net Margin is presently recorded at -32.98.
Return on Total Capital for FSLY is now -11.92, given the latest momentum, and Return on Invested Capital for the company is -13.66. Return on Equity for this stock declined to -14.54, with Return on Assets sitting at -12.45. When it comes to the capital structure of this company, Fastly Inc. [FSLY] has a Total Debt to Total Equity ratio set at 8.53. Additionally, FSLY Total Debt to Total Capital is recorded at 7.86, with Total Debt to Total Assets ending up at 7.42. Long-Term Debt to Equity for the company is recorded at 5.61, with the Long-Term Debt to Total Capital now at 5.17.
Reflecting on the efficiency of the workforce at the company, Fastly Inc. [FSLY] managed to generate an average of -$102,164 per employee. Receivables Turnover for the company is 6.66 with a Total Asset Turnover recorded at a value of 0.38.Fastly Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.80 and a Current Ratio set at 2.80.
Earnings analysis for Fastly Inc. [FSLY]
With the latest financial reports released by the company, Fastly Inc. posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.12/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FSLY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fastly Inc. go to 30.00%.
Insider trade positions for Fastly Inc. [FSLY]
There are presently around $4,599 million, or 65.10% of FSLY stock, in the hands of institutional investors. The top three institutional holders of FSLY stocks are: MORGAN STANLEY with ownership of 12,792,269, which is approximately 68.184% of the company’s market cap and around 1.30% of the total institutional ownership; ABDIEL CAPITAL ADVISORS, LP, holding 9,305,679 shares of the stock with an approximate value of $631.48 million in FSLY stocks shares; and VANGUARD GROUP INC, currently with $571.65 million in FSLY stock with ownership of nearly 12.346% of the company’s market capitalization.
Positions in Fastly Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 281 institutional holders increased their position in Fastly Inc. [NYSE:FSLY] by around 19,236,389 shares. Additionally, 150 investors decreased positions by around 7,213,045 shares, while 41 investors held positions by with 41,324,293 shares. The mentioned changes placed institutional holdings at 67,773,727 shares, according to the latest SEC report filing. FSLY stock had 128 new institutional investments in for a total of 3,018,317 shares, while 60 institutional investors sold positions of 2,871,329 shares during the same period.