Fortinet Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $100.59 on 11/13/24, while the lowest price for the same period was registered at $54.57 on 08/05/24.
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 -2.76% away from its 52-week high, while its distance from the 52-week low is 79.24%. The stock’s price range during the 52-week period has remained between $54.57 and $100.59. In the Technology sector, the company’s shares saw a trading volume of around 1.76 million for the day, which was evidently lower than the average daily volume of 4.61 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Fortinet Inc (FTNT) has experienced a quarterly rise of 27.46% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 76.05B 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 82.71, with a change in price of +41.30. Similarly, Fortinet Inc recorded 4,939,964 in trading volume during the last 100 days, posting a change of +73.08%.
Examining FTNT’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the 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 87.84%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 65.79%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 58.15% and 48.21%, 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. The metric has seen a significant gain of 66.84% since the start of this calendar year. Looking back over the last six months, we can see a weaker performance of 68.04%. Over the past 30 days, the price of FTNT has fallen by 5.26%. And in the last five days, it has surged by 0.03%.
