In terms of market performance, Fortinet Inc had a somewhat regular. The highest value for the stock in the past year was $83.77 on 10/14/24, while the lowest value was $44.12 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 -1.35% away from its 52-week high, while its distance from the 52-week low is 87.31%. The stock’s price range for this period has remained between $44.12 and $83.77. The Technology sector company’s shares managed to surpass a trading volume of around 5.37 million for the day, which was noticeably higher compared to the shares’ average daily volume of 5.1 million over the last three months.
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Financial Performance and Market Capitalization
Fortinet Inc (FTNT) has experienced a quarterly rise of 39.81% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 63.21B 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 67.36, with a change in price of +21.07. Similarly, Fortinet Inc recorded 5,154,260 in trading volume during the last 100 days, posting a change of +34.22%.
FTNT Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of 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
As of today, the raw stochastic average of Fortinet Inc over the last 50 days is at 96.05%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 87.76%. Further, the company’s Stochastic %K and %D values for the last 20 days were 91.86% and 95.58%, respectively.
FTNT Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. This year’s metric has recorded a Price increase of 41.19%. However, over the past six months, we’ve seen a weaker performance of 28.16%. The price of FTNT fallen by 8.25% over the last 30 days. And in the last five days, it has surged by 6.25%.
