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Fastly Inc. (FSLY) Is Down -76.42% in 2022 With Lots of Room to Run

Fastly Inc. (NYSE: FSLY) is -76.42% lower on its value in year-to-date trading and has touched a low of $7.32 and a high of $44.08 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FSLY stock was last observed hovering at around $8.40 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $9.25 for the next 12 months. It is also 66.56% off the consensus price target high of $25.00 offered by 14 analysts, but current levels are -39.33% lower than the price target low of $6.00 for the same period.

Currently trading at $8.36, the stock is -6.06% and -4.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing -0.48% at the moment leaves the stock -35.68% off its SMA200. FSLY registered -79.73% loss for a year compared to 6-month loss of -21.94%.

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The stock witnessed a 1.95% gain in the last 1 month and extending the period to 3 months gives it a -12.64%, and is -21.87% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.31% over the week and 7.92% over the month.

Fastly Inc. (FSLY) has around 976 employees, a market worth around $1.04B and $411.10M in sales. Profit margin for the company is -49.00%. Distance from 52-week low is 14.21% and -81.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.00%).

Fastly Inc. (FSLY) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Fastly Inc. (FSLY) is a “Hold”. 14 analysts offering their recommendations for the stock have an average rating of 3.20, where 8 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.

Fastly Inc. is expected to release its quarterly report on 02/15/2023.The EPS is expected to shrink by -107.10% this year.

Fastly Inc. (FSLY) Top Institutional Holders

The shares outstanding are 122.34M, and float is at 111.49M with Short Float at 10.64%.

Fastly Inc. (FSLY) Insider Activity

A total of 25 insider transactions have happened at Fastly Inc. (FSLY) in the last six months, with sales accounting for 16 and purchases happening 9 times. The most recent transaction is an insider sale by Shirk Brett,the company’sExecutive Vice President, CRO. SEC filings show that Shirk Brett sold 7,000 shares of the company’s common stock on Nov 17 at a price of $9.30 per share for a total of $65100.0. Following the sale, the insider now owns 0.24 million shares.

Fastly Inc. disclosed in a document filed with the SEC on Nov 17 that Bergman Artur (Chief Architect, Exec. Chair) sold a total of 17,327 shares of the company’s common stock. The trade occurred on Nov 17 and was made at $9.27 per share for $0.16 million. Following the transaction, the insider now directly holds 6.66 million shares of the FSLY stock.

Still, SEC filings show that on Nov 16, Bergman Artur (Chief Architect, Exec. Chair) disposed off 14,190 shares at an average price of $10.44 for $0.15 million. The insider now directly holds 6,680,924 shares of Fastly Inc. (FSLY).

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