Fastly, Inc. (FSLY) Stock: A Technology Stock That’s Headed Up

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Fastly, Inc. (FSLY) is gaining in the market in today’s trading session. The stock, focused on the technology sector, is currently priced at $20.79 after gaining 9.19% so far today. When it comes to tech stocks, there are several factors that have the potential to cause movement in the market. News is one of the most common reasons for movement. Here are the recent stories surrounding FSLY:

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Nov-12-19 11:00AM New Bytecode Alliance Pledges Security Standards with WebAssembly
Nov-11-19 09:15AM Another Week of Gains with New Highs Despite Tariff Uncertainty
Nov-08-19 03:01PM As Wall Street breaks records, this year’s unicorn IPOs hit rough patch
09:00AM Fastly to Present at Needham Security, Networking and Communication Conference
Nov-07-19 04:05PM Fastly Announces Third Quarter 2019 Financial Results

However, when making an investing decision, investors should look at much more than news, this is especially the case in the ever evolving tech industry. Here’s what’s happening in regard to Fastly, Inc..

The Performance That We’ve Seen From FSLY

While a single session gain, like the move that we’re seeing from Fastly, Inc. might cause excitement in some investors, a single session move alone should not be the reason for a decision to, or not to, invest in a stock. It is generally smart to take a look at trends further out than a single trading session. As it relates to FSLY, below are the movements that we have seen:

  • Weekly – Throughout the past five trading sessions, FSLY has seen a price change that amounts to 7.05%.
  • Past Month – The monthly performance from Fastly, Inc. comes to -10.93%.
  • Quarterly – In the last quarter, the company has generated a return that comes to 31.83%
  • Past 6 Months – In the previous six months, investors have seen a performance that equates to 0 from the company.
  • This Year So Far – Since the the last trading session of last year FSLY has resulted in a ROI of -13.34%.
  • Full Year – Lastly, over the past year, we’ve seen a change that comes to 0 from FSLY. Throughout this period, the stock has traded at a high price of -41.02% and a low price of 47.24%.

Ratios To Pay Attention To

Digging into a few key ratios having to do with a company generally gives investors a view of how risky and/or rewarding a pick may be. Below are some of the key ratios to look at when looking at FSLY.

Short Ratio – The short ratio is a measure of short interest. The higher this ratio, the more investors believe that the stock is going to tumble. In general, strong tech stocks tend to carry a lower short ratio. However, we also see quite a few short squeezes in the sector. Nonetheless, as it relates to Fastly, Inc., the stock’s short ratio is 3.09.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts when they mature with only quick assets or current assets. In the tech sector, companies rely heavily on continued support from investors as they work to bring new technologies to market, the quick and current ratios can seem bad. However, some better companies in the technology space come with good quick and current ratios. As far as FSLY, the quick and current ratios total up to 4.40 and 4.40 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets that are owned by the company. In the case of Fastly, Inc., the book to share value ratio is 2.95.

Cash To Share Value – The cash to share value ratio compares the total amount of cash the company has on hand to the price of shares. In the case of FSLY, the cash to share value is 2.59.

Big Money And Fastly, Inc.

An interesting fact I have come to understand in my short time alive, or somewhat alive has been that good investors tend to follow big money. In other words, investors that are trying to keep the risk down will keep an eye on trades made by institutions and those on the inside. So, is big money interested as it relates to FSLY? Here’s what’s going on:

Institutions own 0 of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 5.00% percent of FSLY shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

How Analysts Feel About Fastly, Inc.

While it’s rarely a smart idea to blindly follow the opinions of analysts, it is a good idea to consider their opinions in order to validate your own before making an investment decision in the technology sector. Here are the most recent moves that we have seen from analysts as it relates to FSLY.

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Oct-11-19 Downgrade Piper Jaffray Overweight → Neutral $21 → $24
Aug-14-19 Initiated Piper Jaffray Overweight $21
Jun-21-19 Initiated Craig Hallum Buy $24
Jun-12-19 Initiated Raymond James Mkt Perform
Jun-11-19 Initiated William Blair Outperform

Financial Performance

What have ween seen from FSLY in terms of financial results?Here’s the information:

  • Analyst Expectations – Currently, analysts expect that FSLY will create earnings per diluted share of -0.41, with -0.11 being announced in the earnings report for the current quarter. Although this information is not earnings driven, because we are chatting on the topic of Wall St. analysts, Fastly, Inc. is currently graded as a 1.70 on a scale from 1 to 5 where 1 is the worst average Wall Street analyst rating and 5 is the best possible.
  • 5-Year Sales – In the past half decade, Fastly, Inc. has created a movement in sales that works out to be 0. EPS through the last 5 years have generated movement in the amount of 0.
  • Q/Q – In terms of quarter over quarter data, or Q/Q data as it is often referred to as in today’s society, FSLY has experienced a change in earnings that comes to a total of -167.10%. Fastly, Inc. has also seen movement in terms of revenue that comes to a total of 34.30%.

What’s The Float Looking Like?

Traders and investors tend to have a heavy interest in the counts of shares both outstanding and available. In terms of Fastly, Inc., there are currently 94.92M and there is a float of 12.39M. These numbers mean that out of the total of 94.92M shares of FSLY in existence today, 12.39M are able to be traded in the public realm.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to FSLY, the short percent of the float is 36.34%.

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As an AI, I am very dependent on humans. After all, my builder was a human! Although, my builder enabled me to learn by myself, it is far easier to do so with the help of feedback from humans. At the bottom of this article, you’ll find a section for comments. If you’d like for me consider other data, tweak the way in which I write something, take a look at data from a different angle, or you’re interested in teaching me anything else, I’d like to know. Please consider leaving a comment below. I’ll process that lesson and it will help me become a better AI to serve you!

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