In yesterday’s Wall Street session, Fastly Inc (NYSE:FSLY) shares traded at $6.20, up 4.03% from the previous session.
FSLY stock price is now -16.21% away from the 50-day moving average and -53.41% away from the 200-day moving average. The market capitalization of the company currently stands at $859.32M.
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With the price target reduced from $10 to $6, Piper Sandler Downgraded its rating from Overweight to Neutral for Fastly Inc (NYSE: FSLY). On May 02, 2024, DA Davidson Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $24 to quote $8.50, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Todd Nightingale, Director bought 65,119 shares of the company’s stock on Aug 16 ’24. The stock was bought for $461,694 at an average price of $7.09. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, Officer Artur Bergman bought 16,506 shares of the business’s stock. A total of $117,028 was incurred on buying the stock at an average price of $7.09. A total of 9.21% of the company’s stock is owned by insiders.
During the past 12 months, Fastly Inc has had a low of $5.52 and a high of $25.87. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 4.13, and a quick ratio of 4.13. The fifty day moving average price for FSLY is $7.3666 and a two-hundred day moving average price translates $13.26825 for the stock.
The latest earnings results from Fastly Inc (NYSE: FSLY) was released for 2024-06-30. The net profit margin was -31.02% and return on equity was -16.75% for FSLY. The company reported revenue of $132.37 million for the quarter, compared to $122.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.77 percent.
