Is Fastly Inc. Stock Good For Long-Term Investing?

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Fastly Inc. (NYSE:FSLY) traded at $33.01 at close of the session on Friday, 01/07/22, made an upward move of 3.90% on its previous day’s price.

Looking at the stock we see that its previous close was $31.77 and the beta (5Y monthly) reads 1.29 with the day’s price range being $31.56 – $34.03. In terms of its 52-week price range, FSLY has a high of $122.75 and a low of $30.70. The company’s stock has lost about -23.61% over that past 30 days.

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Fastly Inc. has a market cap of $3.73 billion and is expected to release its quarterly earnings report on Feb 15, 2022 – Feb 21, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.16, with the EPS growth for the year raised at -$0.54 for 2021 and -$0.47 for next year. These figures represent -200.00% and 13.00% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $92.36 million, with a low of $91.49 million and a high of $96.7 million. The median projection represents growth squeezing down to 11.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $349.4 million, or 20.10% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the FSLY stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 12 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 9 have rated the Fastly Inc. (FSLY) stock as a Hold, while 0 rate it as a Buy. 1 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -12.53% off its SMA20 and -22.28% from its 50-day simple moving average. The RSI (14) is pointing at 37.41 while the volatility over the past week is 7.40% and jumps to 6.69% over the past one month. The average price target for the stock over the next 12 months is $43.22, with the estimates having a low of $30.00 and a high of $55.00. These price ends are 9.12% and -66.62% off the current price level respectively, although investors could be excited at the prospect of a -27.23% if the FSLY share price touches on the median price of $42.00.

Coming back to Fastly Inc. (NYSE:FSLY), we note that the average 3-month trading volume was 3.02 million, while that of the preceding 10-day period stands at 2.68 million. Current shares outstanding are 116.47 million.

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The insiders hold 6.70% of the company’s shares while institutions hold 62.90%. The data shows that short shares as of Dec 14, 2021, stood at 15.0 million at a short ratio of 5.11. This represents a 12.77% short interest in shares outstanding on Dec 14, 2021. Shares short rose in December from the previous month at 14.96 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -6.88% down in year-to-date price movement.

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