Fortinet Inc (NASDAQ: FTNT) is 13.53% higher on its value in year-to-date trading and has touched a low of $44.12 and a high of $81.24 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FTNT stock was last observed hovering at around $68.22 in the last trading session, with the day’s loss setting it -1.77%.
Currently trading at $66.45, the stock is -2.77% and -3.41% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.13 million and changing -2.59% at the moment leaves the stock 5.20% off its SMA200. FTNT registered -1.10% loss for a year compared to 6-month gain of 12.68%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -5.31% loss in the last 1 month and extending the period to 3 months gives it a 6.75%, and is -6.29% 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 2.37% over the week and 2.69% over the month.
Fortinet Inc (FTNT) has around 13568 employees, a market worth around $50.70B and $5.30B in sales. Current P/E ratio is 45.59 and Fwd P/E is 34.46. Profit margin for the company is 21.64%. Distance from 52-week low is 50.61% and -18.21% from its 52-week high. The company has generated returns on investments over the last 12 months (199.76%).
The EPS is expected to grow by 4.55% this year.
Fortinet Inc (FTNT) Top Institutional Holders
The shares outstanding are 761.00M, and float is at 629.20M with Short Float at 2.10%.
Fortinet Inc (FTNT) Insider Activity
The most recent transaction is an insider sale by Xie Ken,the company’sPRESIDENT & CEO. SEC filings show that Xie Ken sold 23,699 shares of the company’s common stock on Mar 13 ’24 at a price of $70.75 per share for a total of $1.68 million. Following the sale, the insider now owns 48.64 million shares.
Fortinet Inc disclosed in a document filed with the SEC on Mar 12 ’24 that Xie Ken (PRESIDENT & CEO) sold a total of 23,694 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $71.40 per share for $1.69 million. Following the transaction, the insider now directly holds 48.63 million shares of the FTNT stock.
Still, SEC filings show that on Mar 06 ’24, NEUKOM WILLIAM H. (Director) acquired 497 shares at an average price of $70.30 for $34939.0. The insider now directly holds 294,365 shares of Fortinet Inc (FTNT).
