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 -16.46% away from its 52-week high, while its distance from the 52-week low is 53.83%. 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 4.21 million for the day, a number notably lower than the average daily volume of 6.28 million over the last three months.
Fortinet Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $81.24 on 07/19/23, while the lowest value for the same period was recorded at $44.12 on 11/03/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Fortinet Inc (FTNT) has experienced a quarterly rise of 20.96% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 51.79B 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 60.90, with a change in price of +11.93. Similarly, Fortinet Inc recorded 7,048,858 in trading volume during the last 100 days, posting a change of +21.33%.
FTNT Stock Stochastic Average
As of today, Fortinet Inc’s raw stochastic average for the last 50 days stands at 59.13%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 27.17%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 44.63% and 48.98%, respectively.
FTNT Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded an increase of 15.96%. However, over the last six months, the performance has been weaker by 12.29%. The price of FTNT decreased -0.06% over the last 30 days. And in the last five days, it has fallen by -3.29%.
