The market performance of Fortinet Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $81.24 on 07/19/23, with the lowest value for the same timeframe being $44.12, recorded on 11/03/23.
52-week price history of FTNT Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Fortinet Inc’s current trading price is -15.82% away from its 52-week high, while its distance from the 52-week low is 55.01%. The stock’s price range for this period has remained between $44.12 and $81.24. The Technology sector company’s shares managed to surpass a trading volume of around 5.1 million for the day, which was noticeably lower compared to the shares’ average daily volume of 6.27 million over the last three months.
Financial Performance and Market Capitalization
Fortinet Inc (FTNT) has experienced a quarterly rise of 17.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 52.18B and boasts a workforce of 13568 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 62.73, with a change in price of +17.57. Similarly, Fortinet Inc recorded 6,252,247 in trading volume during the last 100 days, posting a change of +34.57%.
FTNT Stock Stochastic Average
As of today, the raw stochastic average of Fortinet Inc over the past 50 days is 57.24%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 29.57%. Additionally, the Stochastic %K and %D values for the company were 44.62% and 50.64%, respectively, over the past 20 days.
FTNT Stock Price Performance Analysis
The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. This year’s metric has recorded a Price increase of 16.85%. However, over the past six months, we’ve seen a weaker performance of 17.87%. The price of FTNT leaped by -6.40% over the last 30 days. And in the last five days, it has surged by 0.84%.
