Stock To Watch: Fabrinet (NYSE:FN)


The leading market experts have placed a mean price target of $43.20 on Fabrinet (NYSE:FN) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.67 a share for the upcoming quarter and $2.80 for the current fiscal.

Technical View

The technical analysis of Fabrinet Ordinary Shares plainly substantiates that the 50-day moving average of Fabrinet Ordinary Shares is $38.18, and stock is trading $1.67 points away or +4.37% from its 50-day moving average of $38.18. Further it is trading $6.07 or +17.98% away its 200-day moving average of $33.78. Fabrinet (NYSE:FN) 52-week high is $45.01 and the 52-week low is $17.88.

This explains if the stock moves $-5.16, it will post a 52-week high. In event of +122.87% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Fabrinet Ordinary Shares, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Fabrinet (NYSE:FN) ratio came in at 23.72.

The stock last ended the trading session at $39.85 and registered a market cap of $1.44B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Fabrinet (NYSE:FN) PEG ratio is at 1.59.

1 Chart Pattern Every Investor Should Know

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