Fabrinet (NYSE: FN) is 1.72% higher on its value in year-to-date trading and has touched a low of $159.69 and a high of $281.79 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 $201.88 in the last trading session, with the day’s gains setting it 21.78%.
Currently trading at $223.66, the stock is 7.37% and 2.29% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.84 million and changing 10.79% at the moment leaves the stock -3.90% off its SMA200. FN registered 10.84% gain for a year compared to 6-month loss of 7.96%. The firm has a 50-day simple moving average (SMA 50) of $218.6536 and a 200-day simple moving average (SMA200) of $232.7331.
The stock witnessed a 8.00% gain in the last 1 month and extending the period to 3 months gives it a -6.24%, and is 21.78% 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 7.12% over the week and 6.67% over the month.
Fabrinet (FN) has around 14213 employees, a market worth around $8.05B and $3.12B in sales. Current P/E ratio is 25.03 and Fwd P/E is 19.20. Profit margin for the company is 10.44%. Distance from 52-week low is 40.06% and -20.63% from its 52-week high. The company has generated returns on investments over the last 12 months (17.65%).
The EPS is expected to grow by 16.11% this year
614.0 institutions hold shares in Fabrinet (FN), with institutional investors hold 106.75% of the company’s shares. The shares outstanding are 35.98M, and float is at 35.83M with Short Float at 5.76%. Institutions hold 106.31% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.77 million shares valued at $1.41 billion. The investor’s holdings represent 15.9245 of the FN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.37 million shares valued at $1.07 billion to account for 12.0523 of the shares outstanding. The other top investors are FMR LLC which holds 2.14 million shares representing 5.9037 and valued at over $523.87 million, while CAPITAL INTERNATIONAL INVESTORS holds 4.4094 of the shares totaling 1.59 million with a market value of $390.19 million.
Fabrinet (FN) Insider Activity
Fabrinet disclosed in a document filed with the SEC on Sep 05 ’24 that Archer Edward T. (EVP, Sales & Marketing) sold a total of 8,690 shares of the company’s common stock. The trade occurred on Sep 05 ’24 and was made at $220.26 per share for $1.91 million. Following the transaction, the insider now directly holds 8333.0 shares of the FN stock.
Still, SEC filings show that on Sep 05 ’24, Archer Edward T. (Officer) Proposed Sale 8,690 shares at an average price of $220.26 for $1.91 million. The insider now directly holds shares of Fabrinet (FN).
