The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Fortinet Inc’s current trading price is -15.52% away from its 52-week high, while its distance from the 52-week low is 77.75%. The stock’s price range for this period has been between $54.57 and $114.82 The company’s shares, which are part of the Technology sector, had a trading volume of approximately 7.85 million for the day, a number notably higher than the average daily volume of 5.05 million over the last three months.
Fortinet Inc ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $114.82 on 02/18/25, while the lowest value for the same period was recorded at $54.57 on 08/05/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Fortinet Inc (FTNT) has experienced a quarterly decline of -7.37% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 74.59B and boasts a workforce of 14138 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 99.91, with a change in price of -2.58. Similarly, Fortinet Inc recorded 4,790,729 in trading volume during the last 100 days, posting a change of -2.63%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for FTNT stands at 0.51. Similarly, the long-term debt-to-equity ratio is also 0.25.
FTNT Stock Stochastic Average
Fortinet Inc’s raw stochastic average for the past 50 days is presently 46.47%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 23.33%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 67.15% and 84.82%, respectively.
FTNT Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Year to date metric has recorded a gain of 2.67%.However, over the last six months, we can see a weaker performance of 23.03%. Over the last 30 days, the price of FTNT has fallen by 10.04%. And in the last five days, it has fallen by -6.92%.
