FTC Solar Inc. (NASDAQ:FTCI) is a stock that investors should take a bite out of.

The price of FTC Solar Inc. (NASDAQ: FTCI) closed at $2.91 in the last session, up 2.83% from day before closing price of $2.83. In other words, the price has increased by $+0.0800 from its previous closing price. On the day, 763349 shares were traded. FTCI stock price reached its highest trading level at $2.9200 during the session, while it also had its lowest trading level at $2.7900.

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We take a closer look at FTCI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on July 19, 2022, Upgraded its rating to Neutral and sets its target price to $3.50 from $2 previously.

On May 23, 2022, Northland Capital started tracking the stock assigning a Outperform rating and target price of $7.Northland Capital initiated its Outperform rating on May 23, 2022, with a $7 target price.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 17 when ARC Family Trust sold 100,000 shares for $2.60 per share. The transaction valued at 260,000 led to the insider holds 15,753,357 shares of the business.

Hunkler Sean sold 6,380 shares of FTCI for $17,354 on Jan 13. The President & CEO now owns 597,758 shares after completing the transaction at $2.72 per share. On Jan 13, another insider, Behnen Cathy, who serves as the CHIEF ACCOUNTING OFFICER of the company, sold 883 shares for $2.70 each. As a result, the insider received 2,384 and left with 142,541 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 1.47 while its Price-to-Book (P/B) ratio in mrq is 3.64.

Stock Price History:

Over the past 52 weeks, FTCI has reached a high of $6.82, while it has fallen to a 52-week low of $1.78. The 50-Day Moving Average of the stock is 2.4684, while the 200-Day Moving Average is calculated to be 3.4342.

Shares Statistics:

According to the various share statistics, FTCI traded on average about 1.26M shares per day over the past 3-months and 1.29M shares per day over the past 10 days. A total of 102.17M shares are outstanding, with a floating share count of 43.98M. Insiders hold about 11.10% of the company’s shares, while institutions hold 29.80% stake in the company. Shares short for FTCI as of Oct 13, 2022 were 4.33M with a Short Ratio of 6.13M, compared to 4.71M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.25% and a Short% of Float of 6.87%.

Earnings Estimates

The company has 8 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.18 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.22, while EPS last year was -$0.17. The consensus estimate for the next quarter is -$0.04, with high estimates of $0 and low estimates of -$0.08.

Analysts are recommending an EPS of between -$0.48 and -$0.73 for the fiscal current year, implying an average EPS of -$0.6. EPS for the following year is $0.32, with 7 analysts recommending between $0.7 and -$0.08.

Revenue Estimates

A total of 8 analysts have provided revenue estimates for FTCI’s current fiscal year. The highest revenue estimate was $182M, while the lowest revenue estimate was $166.59M, resulting in an average revenue estimate of $175.84M. In the same quarter a year ago, actual revenue was $270.52M, down -35.00% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $536.74M in the next fiscal year. The high estimate is $744.25M and the low estimate is $345.49M. The average revenue growth estimate for next year is up 205.20% from the average revenue estimate for this year.