The trading price of Fastly Inc (NYSE:FSLY) closed higher on Tuesday, April 23, closing at $12.89, 2.87% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $25.87 and a 52-week low of $11.61. Over the past month, the stock has gained 1.10% in value.
Fastly Inc, whose market valuation is $1.73 billion at the time of this writing, is expected to release its quarterly earnings report May 01, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest FSLY has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that FSLY’s price is currently -0.45% off the SMA20 and -9.85% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.00, and weekly volatility stands at 4.50%. When measured over the past 30 days, the indicator reaches 3.65%. Fastly Inc (NYSE:FSLY)’s beta value is currently sitting at 1.20, while the Average True Range indicator is currently displaying 0.58.
To see how Fastly Inc stock has been performing in comparison to its peers in the industry, here are the numbers: FSLY stock’s performance was 2.87% in the latest trading, and -21.55% in the past year.
An evaluation of the daily trading volume of Fastly Inc (NYSE:FSLY) indicates that the 3-month average is 4.17 million.
Currently, records show that 132.99 million of the company’s shares remain outstanding. The insiders hold 8.60% of outstanding shares, whereas institutions hold 70.94%. However, since the stock’s price has seen -27.58% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
