Fortinet Inc [NASDAQ: FTNT] traded at a low on Thursday, posting a -0.80 loss after which it closed the day’ session at $97.45.
The results of the trading session contributed to over 3701454 shares changing hands. Over the past one week, the price volatility of Fortinet Inc stands at 2.10% while the volatility over the past one month is 2.41%.
The market cap for FTNT stock reached $74.69 billion, with 765.70 million shares outstanding and 632.27 million shares in the current float. Compared to the average trading volume of 4.60M shares, FTNT reached a trading volume of 3701454 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Fortinet Inc [FTNT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTNT shares is $101.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTNT stock is a recommendation set at 2.33. 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 Fortinet Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 14, 2025. While these analysts kept the previous recommendation, Piper Sandler raised their target price from $100 to $120. The new note on the price target was released on January 06, 2025, representing the official price target for Fortinet Inc stock. Previously, the target price had yet another raise to $115, while KeyBanc Capital Markets analysts kept a Overweight rating on FTNT stock. On November 19, 2024, analysts increased their price target for FTNT shares from 88 to 100.
The Average True Range (ATR) for Fortinet Inc is set at 2.49, with the Price to Sales ratio for FTNT stock in the period of the last 12 months amounting to 13.08. The Price to Book ratio for the last quarter was 82.17, with the Price to Cash per share for the same quarter was set at 4.83. Price to Free Cash Flow for FTNT in the course of the last twelve months was 44.89 with Quick ratio for the last quarter at 1.25.
How has FTNT stock performed recently?
Fortinet Inc [FTNT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.72. With this latest performance, FTNT shares gained by 2.74% in over the last four-week period, additionally plugging by 68.19% over the last 6 months – not to mention a rise of 55.52% 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 FTNT stock in for the last two-week period is set at 56.75, with the RSI for the last a single of trading hit 59.39, and the three-weeks RSI is set at 56.51 for Fortinet Inc [FTNT]. The present Moving Average for the last 50 days of trading for this stock 95.73, while it was recorded at 96.23 for the last single week of trading, and 74.85 for the last 200 days.
Fortinet Inc [FTNT]: Deeper insight into the fundamentals
Fortinet Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.25 and a Current Ratio set at 1.34.
Earnings analysis for Fortinet Inc [FTNT]
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 FTNT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Fortinet Inc go to 17.89%.
Insider trade positions for Fortinet Inc [FTNT]
There are presently around $69.59%, or 84.34%% of FTNT stock, in the hands of institutional investors. The top three institutional holders of FTNT stocks are: VANGUARD GROUP INC with ownership of 66.87 million shares, which is approximately 8.7709%. BLACKROCK INC., holding 55.24 million shares of the stock with an approximate value of $$3.33 billion in FTNT stocks shares; and BLACKROCK INC., currently with $$1.75 billion in FTNT stock with ownership which is approximately 3.8024%.
