Fastly Inc (NYSE:FSLY) shares, rose in value, with the stock price down by -0.48% to the previous day’s close as strong demand from buyers drove the stock to $12.53.
Actively observing the price movement in the last trading, the stock closed the session at $12.59. The value of beta (5-year monthly) was 1.22. Referring to stock’s 52-week performance, its high was $25.87, and the low was $11.61. On the whole, FSLY has fluctuated by -5.15% over the past month.
With the market capitalization of Fastly Inc currently standing at about $1.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.06, which is expected to increase to $0.01 for fiscal year -$0.03 and then to about $0.18 by fiscal year 2025. Data indicates that the EPS growth is expected to be 82.40% in 2025, while the next year’s EPS growth is forecast to be 700.00%.
Analysts have estimated the company’s revenue for the quarter at $133.1 million, with a low estimate of $132.1 million and a high estimate of $134.1 million. According to the average forecast, sales growth in current quarter could jump up 13.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $584.83 million, representing an increase of 15.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FSLY’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FSLY currently trading nearly -3.74% and -23.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.50, while the 7-day volatility ratio is showing 3.12% which for the 30-day chart, stands at 3.57%. Furthermore, Fastly Inc (FSLY)’s beta value is 1.21, and its average true range (ATR) is 0.58.
A comparison of Fastly Inc (FSLY) with its peers suggests the former has fared considerably weaker in the market. FSLY showed an intraday change of -0.48% in last session, and over the past year, it shrunk by -26.34%%.
Data on historical trading for Fastly Inc (NYSE:FSLY) indicates that the trading volumes over the past 10 days have averaged 2.87 million and over the past 3 months, they’ve averaged 4.12 million. According to company’s latest data on outstanding shares, there are 132.99 million shares outstanding.
Nearly 8.62% of Fastly Inc’s shares belong to company insiders and institutional investors own 70.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.93 million shares as on Mar 15, 2024, resulting in a short ratio of 1.43. According to the data, the short interest in Fastly Inc (FSLY) stood at 6.66% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.88 million. The stock has fallen by -29.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FSLY stock heading into the next quarter.
