Fastly Inc [NYSE: FSLY] slipped around -0.15 points on Thursday, while shares priced at $7.24 at the close of the session, down -2.03%.
Compared to the average trading volume of 3.20M shares, FSLY reached a trading volume of 2477806 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $6.19 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 3.08. 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 October 01, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $10 to $6. The new note on the price target was released on August 08, 2024, representing the official price target for Fastly Inc stock. Previously, the target price had yet another drop from $24 to $8.50, while DA Davidson kept a Neutral rating on FSLY stock. On May 02, 2024, analysts decreased their price target for FSLY shares from 18 to 8.
The Average True Range (ATR) for Fastly Inc is set at 0.31, with the Price to Sales ratio for FSLY stock in the period of the last 12 months amounting to 1.89. The Price to Book ratio for the last quarter was 1.02, with the Price to Cash per share for the same quarter was set at 2.25.
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 -1.63. With this latest performance, FSLY shares gained by 22.30% in over the last four-week period, additionally sinking by -47.31% over the last 6 months – not to mention a drop of -56.04% 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 53.04, with the RSI for the last a single of trading hit 49.85, and the three-weeks RSI is set at 52.86 for Fastly Inc [FSLY]. The present Moving Average for the last 50 days of trading for this stock 6.68, while it was recorded at 7.41 for the last single week of trading, and 11.12 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 4.13 and a Current Ratio set at 4.13.
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 -0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.02. 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 $68.50%, or 73.97%% of FSLY stock, in the hands of institutional investors. The top three institutional holders of FSLY stocks are: VANGUARD GROUP INC with ownership of 15.3 million shares, which is approximately 11.3669%. MORGAN STANLEY, holding 11.87 million shares of the stock with an approximate value of $$87.52 million in FSLY stocks shares; and MORGAN STANLEY, currently with $$87.29 million in FSLY stock with ownership which is approximately 8.7999%.
