The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 66.03%.However, over the last six months, we can see a weaker performance of 62.97%. Over the last 30 days, the price of FTNT has fallen by 17.27%. And in the last five days, it has surged by 23.26%.
Fortinet Inc experienced a rather steady stock market performance. The highest value in the past year was recorded at $92.53 on 11/11/24 and the lowest value was $49.63 on 11/13/23.
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52-week price history of FTNT Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Fortinet Inc’s current trading price is 5.03% away from its 52-week high, while its distance from the 52-week low is 95.81%. The stock’s price range during this period has varied between$49.63 and $92.53. The Fortinet Inc’s shares, which operate in the Technology, saw a trading volume of around 8.27 million for the day, a figure considerably higher than their average daily volume of 4.39 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Fortinet Inc (FTNT) has experienced a quarterly rise of 35.92% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 81.76B and boasts a workforce of 13568 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 71.58, with a change in price of +39.24. Similarly, Fortinet Inc recorded 5,055,656 in trading volume during the last 100 days, posting a change of +67.73%.
FTNT’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for FTNT stands at 1.09. Similarly, the long-term debt-to-equity ratio is also 1.09.
FTNT Stock Stochastic Average
Fortinet Inc’s raw stochastic average for the past 50 days is presently 99.29%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 99.13%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 97.79% and 76.96%, respectively.
