A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Fortinet Inc’s current trading price is -4.35% away from its 52-week high, while its distance from the 52-week low is 69.27%. The stock’s price range for this time frame has been between $44.12 and $78.08. The trading volume of the company’s shares in the Technology reached around 2.88 million for the day, which was evidently lower than the average daily volume of 5.57 million over the last three months.
Fortinet Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $78.08 on 09/03/24, and the lowest price during that time was $44.12, recorded on 11/03/23.
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How Financial Performance Impacts Market Capitalization
Fortinet Inc (FTNT) has experienced a quarterly rise of 26.26% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 57.12B and boasts a workforce of 13568 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 64.07, with a change in price of +10.65. Similarly, Fortinet Inc recorded 5,618,513 in trading volume during the last 100 days, posting a change of +16.63%.
How FTNT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for FTNT stands at 3.45. Similarly, the long-term debt-to-equity ratio is also 3.45.
FTNT Stock Stochastic Average
Fortinet Inc’s raw stochastic average for the past 50 days is currently at 85.54%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 29.02%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 47.04% and 48.19%, respectively.
FTNT Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. Year to date metric has recorded a gain of 27.59%.However, over the last six months, we can see a weaker performance of 10.16%. Over the last 30 days, the price of FTNT has leaped by -0.12%. And in the last five days, it has fallen by -2.56%.
