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FTNT Stock: Exploring Fortinet Inc.’s Growth

The stock price for Fortinet Inc. (FTNT) currently stands at $59.86. The stock experienced a substantial increase in the last session, hitting $61.2822 after starting at $60.83. The stock’s lowest price was $60.3325 before closing at $60.45.

Fortinet Inc. experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $81.24 on 07/19/23, while the lowest price for the same period was registered at $42.61 on 11/03/22.

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52-week price history of FTNT Stock

A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Fortinet Inc.’s current trading price is -26.32% away from its 52-week high, while its distance from the 52-week low is 40.48%. The stock’s price range during this period has spanned from $42.61 to $81.24. In the Technology sector, the Fortinet Inc.’s shares surpassed a trading volume of approximately 1.72 million for the day, which was noticeably lower compared to the average daily volume of 9.6.23 million over the past three months.

Market Capitalization and Financial Performance: An In-Depth Look

Fortinet Inc. (FTNT) has experienced a quarterly decline of -16.47% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 48.61B and boasts a workforce of 13677 employees.

A Closer Look at Analysts’ Ratings for Fortinet Inc.

As of right now, 20 analysts are rating Fortinet Inc. as a BUY, 4 of the polled analysts branded the stock as an OVERWEIGHT, 12 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 67.88, with a change in price of -3.65. Similarly, Fortinet Inc. recorded 5,923,750 in trading volume during the last 100 days, posting a change of -5.75%.

Examining FTNT’s Debt-to-Equity Ratio: What You Need to Know

The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for FTNT stands at 3.09. Similarly, the long-term debt-to-equity ratio is also 3.09.

FTNT Stock Stochastic Average

Today, Fortinet Inc.’s raw stochastic average for the past 50 days stands at 14.54%, indicating a decline from the raw stochastic average of the last 20 days, which was 25.00%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 35.36% and 49.05% respectively.

FTNT Stock Price Performance Analysis

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 22.44%. However, over the past six months, we’ve seen a stronger performance of -2.73%. The price of FTNT fallen by 4.72% over the last 30 days. And in the last five days, it has fallen by -5.73%.

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