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A Tale from the Dusty Corner: Fabrinet (FN) Stock

JP Morgan raised the price target for the Fabrinet (NYSE:FN) stock from “a Neutral” to “an Overweight”. The rating was released on December 20, 2022, according to finviz. The research report from Northland Capital has reiterated the stock to Outperform, with a price target set at $112. The stock was reiterated by Needham, who disclosed in a research note on November 02, 2021, to Buy and set the price objective to $130. In their research brief published November 02, 2021, JP Morgan analysts reiterated the Fabrinet stock to Neutral with a price target of $115.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Fabrinet (NYSE:FN) dipped -2.05% to close Friday’s market session at $110.92, lower as compared to yesterday’s close. The stock price fluctuated between $109.985 and $113.045 throughout the trading session with the volume trading being 976261 shares, which represented a significant variation when compared to the three months average volume of 193.34K shares. The firm’s stock price fluctuated -6.05% within the last five trades and -10.55% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 10.39% in the last 6 months and -14.83% was subtracted to its value over the previous 3 months. FN stock is trading at a margin of -7.74%, -12.36% and 1.04% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, FN deals in the Technology domain. The stock is trading -20.87 percent below its 52-week high and 48.75 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 5.54. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Fabrinet’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 9.60 percent and the profit margin is 9.50 percent, and the company has reported a gross margin of 12.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $4.15 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Fabrinet (NYSE:FN) is 17.53. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 13.06. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.67 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.93, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Archer Edward T., the EVP, Sales & Marketing at Fabrinet (FN) has sold 2,147 shares of firm on Mar 02 at a price of $119.58 against the total amount of $0.26 million. In another inside trade, Olson Rollance E., Director of Fabrinet (NYSE:FN) sold 5,000 shares of the firm on Feb 14 for a total worth of $0.63 million at a price of $126.33. An inside trade which took place on Nov 18, President & COO of Fabrinet Gill Harpal sold 4,896 shares of firm against total price of $0.63 million at the cost of $128.93 per share.



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