Fastly Inc [NYSE: FSLY] gained 5.11% on the last trading session, reaching $5.96 price per share at the time.
If compared to the average trading volume of 3.18M shares, FSLY reached a trading volume of 10485758 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $6.31 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 2.77. 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.
Piper Sandler have made an estimate for Fastly Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 08, 2024. While these analysts kept the previous recommendation, DA Davidson raised their target price from $24 to $8.50. The new note on the price target was released on May 02, 2024, representing the official price target for Fastly Inc stock. Previously, the target price had yet another drop from $18 to $8, while BofA Securities kept a Underperform rating on FSLY stock. On April 08, 2024, analysts decreased their price target for FSLY shares from 19 to 16.
The Average True Range (ATR) for Fastly Inc is set at 0.49, with the Price to Sales ratio for FSLY stock in the period of the last 12 months amounting to 1.55. The Price to Book ratio for the last quarter was 0.84, with the Price to Cash per share for the same quarter was set at 2.25.
Trading performance analysis for FSLY stock
Fastly Inc [FSLY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.94. With this latest performance, FSLY shares dropped by -19.89% in over the last four-week period, additionally sinking by -75.43% over the last 6 months – not to mention a drop of -69.14% 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 29.86, with the RSI for the last a single of trading hit 25.66, and the three-weeks RSI is set at 32.59 for Fastly Inc [FSLY]. The present Moving Average for the last 50 days of trading for this stock 7.40, while it was recorded at 6.27 for the last single week of trading, and 13.31 for the last 200 days.
Fastly Inc [FSLY]: A deeper dive into fundamental analysis
Fastly Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.13 and a Current Ratio set at 4.13.
Fastly Inc [FSLY]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at Fastly Inc [FSLY]
The top three institutional holders of FSLY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in FSLY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in FSLY stock with ownership which is approximately 5.1238%.
