Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Fastly Inc before investing.

In this article, we go over a few key elements for understanding Fastly Inc’s stock price such as:

• Fastly Inc’s current stock price and volume
• Why Fastly Inc’s stock price changed recently
• Upgrades and downgrades for FSLY from analysts
• FSLY’s stock price momentum as measured by its relative strength

About Fastly Inc (FSLY)

Before we jump into Fastly Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Fastly, Inc. provides a programmable edge cloud platform that helps the world’s brands deliver online experiences possible through edge compute, delivery, security, and observability offerings, improving site performance, and enhancing security at a global scale. The Company enables developers to deliver secure Websites and apps. The edge cloud is a category of Infrastructure as a Service (IaaS) that enables developers to build, secure, and deliver digital experiences at the edge of the Internet. Its network services are designed to speed up and optimize the delivery of Web and application traffic while ensuring developers and engineers do not lose visibility or control. The Company’s professional services include network services, managed security service, and response security service. The Company offers three levels of support plans and available technical support add-ons with dedicated technical specialists and account managers that provide extended security expertise.

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Fastly Inc’s Stock Price as of Market Close

As of September 13, 2024, 4:00 PM, CST, Fastly Inc’s stock price was $6.70.

Fastly Inc is up 7.2% from its previous closing price of $6.25.

During the last market session, Fastly Inc’s stock traded between $5.95 and $6.43. Currently, there are 137.44 million shares of Fastly Inc stock available for purchase.

Unfortunately, Fastly Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Fastly Inc Stock Price History

Fastly Inc’s (FSLY) price is currently up 11.3% so far this month.

During the month of September, Fastly Inc’s stock price has reached a high of $6.79 and a low of $5.53.

Over the last year, Fastly Inc has hit prices as high as $25.87 and as low as $5.52. Year to date, Fastly Inc’s stock is down 18.19%.

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What Caused Fastly Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 12, 2024, there were 11 analysts who downgraded Fastly Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Fastly Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Fastly Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Fastly Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Fastly Inc (FSLY) by visiting AAII Stock Evaluator.

Relative Price Strength of Fastly Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 12, 2024, Fastly Inc has a weighted four-quarter relative price strength of -27.72%, which translates to a Momentum Score of 11 and is considered to be Very Weak.

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Fastly Inc Stock Price: Bottom Line

As of September 13, 2024, Fastly Inc’s stock price is $6.70, which is up 7.2% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Fastly Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.