The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Fortinet Inc’s current trading price is -12.19% away from its 52-week high, while its distance from the 52-week low is 61.70%. The stock’s price range for this period has been between $44.12 and $81.24 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 3.86 million for the day, a number notably lower than the average daily volume of 6.7 million over the last three months.
Fortinet Inc’s market performance has been stable in recent times. The company’s stock hit a 1-year high of $81.24 on 07/19/23 and a low of $44.12 for the same time frame on 11/03/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Fortinet Inc (FTNT) has experienced a quarterly rise of 36.77% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 54.43B and boasts a workforce of 13568 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 60.23, with a change in price of +12.69. Similarly, Fortinet Inc recorded 7,045,982 in trading volume during the last 100 days, posting a change of +21.64%.
FTNT Stock Stochastic Average
Fortinet Inc’s raw stochastic average for the past 50 days is presently 84.86%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 82.72%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 83.07% and 86.02%, respectively.
FTNT Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 21.89%. However, over the past six months, we’ve seen a weaker performance of 9.64%. The price of FTNT fallen by 1.28% over the last 30 days. And in the last five days, it has surged by 3.33%.
