In yesterday’s Wall Street session, Fabrinet (NYSE:FN) shares traded at $241.89, up 2.89% from the previous session.
FN stock price is now 2.79% away from the 50-day moving average and 5.71% away from the 200-day moving average. The market capitalization of the company currently stands at $8.77B.
With the price target reduced from $194 to $178, B. Riley Securities Downgraded its rating from Neutral to Sell for Fabrinet (NYSE: FN). On November 14, 2024, Barclays recently initiated its ‘Equal Weight’ rating on the stock quoting a target price of $292, while ‘Needham’ rates the stock as ‘Buy’
In other news, Gill Harpal, Officer bought 18,675 shares of the company’s stock on Nov 12 ’24. The stock was bought for $5,135,625 at an average price of $275.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 05 ’24, EVP, Sales & Marketing Archer Edward T. sold 8,690 shares of the business’s stock. A total of $1,914,021 was realized by selling the stock at an average price of $220.26. This leaves the insider owning 8,333 shares of the company worth $2.02 million. A total of 0.45% of the company’s stock is owned by insiders.
During the past 12 months, Fabrinet has had a low of $159.69 and a high of $278.38. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.66, and a quick ratio of 2.90. According to the stock market information, the enterprise value for the company is $7868812288, which is based on a 28.65 price-to-earnings ratio, a 1.30 price-to-earnings-growth ratio, and a beta of 0.92. The fifty day moving average price for FN is $235.3186 and a two-hundred day moving average price translates $228.8137 for the stock.
The latest earnings results from Fabrinet (NYSE: FN) was released for 2024-09-27. The net profit margin was 10.28% and return on equity was 18.38% for FN. The company reported revenue of $804.23 million for the quarter, compared to $685.48 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 17.32 percent. For the current quarter, analysts expect FN to generate $813.57M in revenue.
