Fortinet Inc (NASDAQ:FTNT) price closed lower on Tuesday, April 16, dropping -0.39% below its previous close.
A look at the daily price movement shows that the last close reads $64.73. The company’s P/E ratio in the trailing 12-month period read 44.24. Taking into account the 52-week price action we note that the stock hit a 52-week high of $81.24 and 52-week low of $44.12. The stock subtracted -3.36% on its value in the past month.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give FTNT a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.03. The overview shows that FTNT’s price is at present -5.40% off the SMA20 and -6.28% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 37.04, with weekly volatility standing at 2.60%. The indicator jumps to 2.72% when calculated based on the past 30 days. Fortinet Inc (NASDAQ:FTNT)’s beta value is holding at 1.08, while the average true range (ATR) indicator is currently reading 2.02.
An analysis of the Fortinet Inc (NASDAQ:FTNT) stock in terms of its daily trading volume indicates that the 3-month average is 6.06 million.
Current records show that the company has 761.00M in outstanding shares. The insiders’ percentage holdings are 17.54% of outstanding shares while the percentage share held by institutions stands at 66.64%. But the 10.17% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
