Fabrinet (FN) average volume reaches $610.20K: Is Wall Street expecting a rally?

A new trading day began on Friday, with Fabrinet (NYSE: FN) stock price up 4.21% from the previous day of trading, before settling in for the closing price of $214.03. FN’s price has ranged from $159.69 to $281.79 over the past 52 weeks.

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 16.13%. With a float of $35.82 million, this company’s outstanding shares have now reached $35.98 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 12.28%, operating margin of 9.65%, and the pretax margin is 11.01%.

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 0.48%, while institutional ownership is 104.85%. 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

Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.71 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 16.13% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.87% 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 2.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.57. Likewise, its price to free cash flow for the trailing twelve months is 25.52.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.94, a number that is poised to hit 2.60 in the next quarter and is forecasted to reach 11.69 in one year’s time.

Technical Analysis of Fabrinet (FN)

Compared to the last year’s volume of 0.71 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 63.24%. Additionally, its Average True Range was 13.59.

During the past 100 days, Fabrinet’s (FN) raw stochastic average was set at 40.34%, which indicates a significant decrease from 86.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.69% in the past 14 days, which was lower than the 63.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $227.92, while its 200-day Moving Average is $233.31. Nevertheless, the first resistance level for the watch stands at $228.68 in the near term. At $234.33, the stock is likely to face the second major resistance level. The third major resistance level sits at $243.16. If the price goes on to break the first support level at $214.21, it is likely to go to the next support level at $205.38. Should the price break the second support level, the third support level stands at $199.73.

Fabrinet (NYSE: FN) Key Stats

With a market capitalization of 8.03 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 833,610 K while its latest quarter income was 86,640 K.