Fastly Inc. [NYSE: FSLY] slipped around -1.71 points on Tuesday, while shares priced at $39.53 at the close of the session, down -4.15%. The company report on November 10, 2021 that Fastly to Present at Investor Conferences in November 2021.
Fastly, Inc. (NYSE: FSLY), the world’s fastest edge cloud network provider, announced that Chief Executive Officer Joshua Bixby and Chief Financial Officer Ron Kisling will participate in fireside chats at the following investor conferences:.
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Needham Virtual Security, Networking, and Communications Conference on Tuesday, November 16, 2021 at 11:15 a.m. PT / 2:15 p.m. ET.
Fastly Inc. stock is now -54.76% down from its year-to-date (YTD) trading value. FSLY Stock saw the intraday high of $41.739 and lowest of $38.52 per share. The company’s 52-week high price is 122.75, which means current price is +16.71% above from all time high which was touched on 01/27/21.
Compared to the average trading volume of 2.91M shares, FSLY reached a trading volume of 4111377 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 $48.57 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 3.30. 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.
Raymond James have made an estimate for Fastly Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on August 10, 2021. The new note on the price target was released on August 05, 2021, representing the official price target for Fastly Inc. stock. Previously, the target price had yet another raise to $50, while RBC Capital Mkts analysts kept a Sector Perform rating on FSLY stock.
The Average True Range (ATR) for Fastly Inc. is set at 2.90, with the Price to Sales ratio for FSLY stock in the period of the last 12 months amounting to 14.17. The Price to Book ratio for the last quarter was 4.53, with the Price to Cash per share for the same quarter was set at 5.29.
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 -20.41. With this latest performance, FSLY shares dropped by -21.02% in over the last four-week period, additionally sinking by -16.37% over the last 6 months – not to mention a drop of -52.60% 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 31.90, with the RSI for the last a single of trading hit 22.99, and the three-weeks RSI is set at 37.29 for Fastly Inc. [FSLY]. The present Moving Average for the last 50 days of trading for this stock 45.57, while it was recorded at 43.52 for the last single week of trading, and 54.76 for the last 200 days.
Fastly Inc. [FSLY]: Deeper insight into the fundamentals
Fastly Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.70 and a Current Ratio set at 6.70.
Earnings analysis for Fastly Inc. [FSLY]
With the latest financial reports released by the company, Fastly Inc. posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -300.00%. 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 $2,865 million, or 62.90% of FSLY stock, in the hands of institutional investors. The top three institutional holders of FSLY stocks are: MORGAN STANLEY with ownership of 13,995,511, which is approximately 3.921% of the company’s market cap and around 6.90% of the total institutional ownership; ABDIEL CAPITAL ADVISORS, LP, holding 11,869,869 shares of the stock with an approximate value of $469.22 million in FSLY stocks shares; and VANGUARD GROUP INC, currently with $340.24 million in FSLY stock with ownership of nearly -0.812% of the company’s market capitalization.
Positions in Fastly Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 133 institutional holders increased their position in Fastly Inc. [NYSE:FSLY] by around 8,844,675 shares. Additionally, 177 investors decreased positions by around 11,451,584 shares, while 71 investors held positions by with 52,187,925 shares. The mentioned changes placed institutional holdings at 72,484,184 shares, according to the latest SEC report filing. FSLY stock had 42 new institutional investments in for a total of 2,131,549 shares, while 78 institutional investors sold positions of 6,772,636 shares during the same period.