FireEye Inc. (NASDAQ:FEYE) Relative Strength Index (RSI) is 34.68, with weekly volatility at 2.96% and ATR at 0.58. The FEYE stock’s 52-week price range has touched low of $7.54 and a $18.34 high. Intraday shares traded counted 19.18 million, which was -432.73% lower than its 30-day average trading volume of 3.60M. Its shares traded lower over the last trading session, losing -13.08% on 12/09/20. The shares fell to a low of $13.45 before closing at $13.49. FEYE’s previous close was $15.52 while the outstanding shares total 224.81M. The firm has a beta of 1.15.
Investors have identified the Software – Infrastructure company FireEye Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.08 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
FireEye Inc. (FEYE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For FEYE, the company has in raw cash 331.9 million on their books with 131.74 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.22 billion total, with 783.97 million as their total liabilities.
FEYE were able to record -18.72 million as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by -77.93 million. In cash movements, the company had a total of 9.52 million as operating cash flow.
Potential earnings growth for FireEye Inc. (FEYE)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, FireEye Inc. recorded a total of 217.61 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 6.85% coming in sequential stages and their sales for the Q3 2020 quarter increasing by 3.25%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 77.39 million trying to sell their products during the last quarter, with the result yielding a gross income of 140.22 million. This allows shareholders to hold on to 224.81M with the recently reported earning now reading -0.33 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (-0.06 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.18 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FEYE sounds very interesting.
Is the stock of FEYE attractive?
In related news, EVP and General Counsel, King Alexa sold 43,659 shares of the company’s stock in a transaction that recorded on Aug 10. The sale was performed at an average price of 16.01, for a total value of 698,771. As the sale deal closes, the EVP and General Counsel, King Alexa now sold 1,713 shares of the company’s stock, valued at 21,743. Also, EVP, WW Sales, Robbins William T sold 60,000 shares of the company’s stock in a deal that was recorded on Jan 07. The shares were price at an average price of 18.04 per share, with a total market value of 1,082,436. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.10%.
6 out of 18 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on FireEye Inc.. 1 analysts has assigned a Sell rating on the FEYE stock. The 12-month mean consensus price target for the company’s shares has been set at $17.25.