A new trading day began on Friday, with Fabrinet (NYSE: FN) stock price down -6.81% from the previous day of trading, before settling in for the closing price of $252.00. FN’s price has ranged from $159.30 to $278.38 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 12.88%. Meanwhile, its annual earnings per share averaged 13.68%. With a float of $36.12 million, this company’s outstanding shares have now reached $36.15 million.
Considering the fact that the conglomerate employs 14213 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 12.35%, operating margin of 9.68%, and the pretax margin is 10.73%.
Fabrinet (FN) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electronic Components Industry. The insider ownership of Fabrinet is 0.41%, while institutional ownership is 103.04%. The most recent insider transaction that took place on Nov 12 ’24, was worth 5,135,625. Before that another transaction happened on Sep 05 ’24, when Company’s EVP, Sales & Marketing sold 8,690 for $220.26, making the entire transaction worth $1,914,021. This insider now owns 8,333 shares in total.
Fabrinet (FN) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 2.08 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.56 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.68% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 22.00% during the next five years compared to 19.77% growth over the previous five years of trading.
Fabrinet (NYSE: FN) Trading Performance Indicators
Here are Fabrinet’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.64. Likewise, its price to free cash flow for the trailing twelve months is 26.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.44, a number that is poised to hit 2.50 in the next quarter and is forecasted to reach 11.49 in one year’s time.
Technical Analysis of Fabrinet (FN)
Compared to the last year’s volume of 0.49 million, its volume of 0.48 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 54.97%. Additionally, its Average True Range was 12.03.
During the past 100 days, Fabrinet’s (FN) raw stochastic average was set at 54.13%, which indicates a significant increase from 38.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 61.89% in the past 14 days, which was higher than the 56.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $242.33, while its 200-day Moving Average is $222.68. Nevertheless, the first resistance level for the watch stands at $247.39 in the near term. At $259.94, the stock is likely to face the second major resistance level. The third major resistance level sits at $268.23. If the price goes on to break the first support level at $226.55, it is likely to go to the next support level at $218.26. Should the price break the second support level, the third support level stands at $205.71.
Fabrinet (NYSE: FN) Key Stats
With a market capitalization of 7.94 billion, the company has a total of 36,268K Shares Outstanding. Currently, annual sales are 2,883 M while annual income is 296,180 K. The company’s previous quarter sales were 804,230 K while its latest quarter income was 77,390 K.
