Fabrinet (NYSE: FN) is 43.70% higher on its value in year-to-date trading and has touched a low of $116.63 and a high of $278.38 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 FN stock was last observed hovering at around $268.00 in the last trading session, with the day’s gains setting it 5.5%.
Currently trading at $273.50, the stock is 26.11% and 17.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.71 million and changing 2.05% at the moment leaves the stock 34.03% off its SMA200. FN registered 134.20% gain for a year compared to 6-month gain of 45.18%.
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The stock witnessed a 13.12% loss in the last 1 month and extending the period to 3 months gives it a 18.11%, and is 25.59% up 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 4.76% over the week and 4.49% over the month.
Fabrinet (FN) has around 14213 employees, a market worth around $9.89B and $2.88B in sales. Current P/E ratio is 33.77 and Fwd P/E is 24.26. Profit margin for the company is 10.27%. Distance from 52-week low is 134.50% and -1.75% from its 52-week high. The company has generated returns on investments over the last 12 months (16.93%).
The EPS is expected to grow by 12.47% this year
588.0 institutions hold shares in Fabrinet (FN), with institutional investors hold 106.74% of the company’s shares. The shares outstanding are 36.15M, and float is at 35.86M with Short Float at 3.93%. Institutions hold 106.29% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.76 million shares valued at $1.09 billion. The investor’s holdings represent 15.8798 of the FN Shares outstanding. As of 2024-03-31, the second largest holder is VANGUARD GROUP INC with 4.35 million shares valued at $821.99 million to account for 11.9963 of the shares outstanding. The other top investors are CAPITAL INTERNATIONAL INVESTORS which holds 1.61 million shares representing 4.4429 and valued at over $304.42 million, while FMR LLC holds 4.2123 of the shares totaling 1.53 million with a market value of $288.63 million.
Fabrinet (FN) Insider Activity
The most recent transaction is an insider sale by LEVINSON FRANK H, the company’s Director. SEC filings show that LEVINSON FRANK H sold 6,000 shares of the company’s common stock on May 24 ’24 at a price of $241.71 per share for a total of $1.45 million. Following the sale, the insider now owns 5709.0 shares.
Fabrinet disclosed in a document filed with the SEC on May 24 ’24 that Olson Rollance E. (Director) sold a total of 1,000 shares of the company’s common stock. The trade occurred on May 24 ’24 and was made at $245.62 per share for $0.25 million. Following the transaction, the insider now directly holds 24981.0 shares of the FN stock.
Still, SEC filings show that on Mar 07 ’24, KELLY THOMAS F (Director) disposed off 10,000 shares at an average price of $222.17 for $2.22 million. The insider now directly holds 20,814 shares of Fabrinet (FN).
