Fortinet Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $81.24 on 07/19/23, while the lowest price for the same duration was marked at $44.12 on 11/03/23.
52-week price history of FTNT Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Fortinet Inc’s current trading price is -11.93% away from its 52-week high, while its distance from the 52-week low is 62.17%. The stock’s price range during the 52-week period has remained between $44.12 and $81.24. In the Technology sector, the company’s shares saw a trading volume of around 3.81 million for the day, which was evidently lower than the average daily volume of 6.16 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Fortinet Inc (FTNT) has experienced a quarterly rise of 23.83% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 54.59B and boasts a workforce of 13568 employees.
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 62.15, with a change in price of +22.06. Similarly, Fortinet Inc recorded 6,313,074 in trading volume during the last 100 days, posting a change of +44.55%.
FTNT Stock Stochastic Average
Fortinet Inc’s raw stochastic average for the past 50 days is presently 81.95%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 73.73%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 44.14% and 33.38%, 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. Year to date metric has recorded a gain of 22.25%.However, over the last six months, we can see a weaker performance of 22.04%. Over the last 30 days, the price of FTNT has fallen by 0.22%. And in the last five days, it has surged by 6.08%.
