Fabrinet (NYSE:FN) shares, rose in value on Friday, March 28, with the stock price down by -5.06% to the previous day’s close as strong demand from buyers drove the stock to $196.14.
Actively observing the price movement in the last trading, the stock closed the session at $206.60, falling within a range of $192.99 and $202.275. The value of beta (5-year monthly) was 0.89 whereas the PE ratio was 21.95 over 12-month period. Referring to stock’s 52-week performance, its high was $281.79, and the low was $159.69. On the whole, FN has fluctuated by 0.47% over the past month.
With the market capitalization of Fabrinet currently standing at about $7.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-02.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.38B, with a low estimate of 854M and a high estimate of 861.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 858.02M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FN’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 1.38, with the price of FN currently trading nearly -5.80% and -9.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.26, while the 7-day volatility ratio is showing 4.99% which for the 30-day chart, stands at 5.71%. Furthermore, Fabrinet (FN)’s beta value is 0.95, and its average true range (ATR) is 12.96.
A comparison of Fabrinet (FN) with its peers suggests the former has fared considerably weaker in the market. FN showed an intraday change of -5.06% in last session, and over the past year, it grew by 5.25%%.
Data on historical trading for Fabrinet (NYSE:FN) indicates that the trading volumes over the past 10 days have averaged 0.73 and over the past 3 months, they’ve averaged 759.48K. According to company’s latest data on outstanding shares, there are 35.98 million shares outstanding.
Nearly 0.45% of Fabrinet’s shares belong to company insiders and institutional investors own 105.40% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.12 million shares as on 2025-03-14, resulting in a short ratio of 2.39. According to the data, the short interest in Fabrinet (FN) stood at 825.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 2.03 million. The stock has fallen by -10.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FN stock heading into the next quarter.
