As of close of business last night, FTC Solar Inc’s stock clocked out at $0.46, down -4.01% from its previous closing price of $0.48. In other words, the price has decreased by -$0.0191 from its previous closing price. On the day, 916517 shares were traded.
Ratios:
To gain a deeper understanding of FTCI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 2.18. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
On August 15, 2023, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $4 to $2.50.
On April 13, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $5.H.C. Wainwright initiated its Buy rating on April 13, 2023, with a $5 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 13 ’23 when Morris Robert Phelps sold 19,791 shares for $0.73 per share. The transaction valued at 14,447 led to the insider holds 173,244 shares of the business.
Chatila Ahmad R bought 13,960 shares of FTCI for $10,470 on Dec 08 ’23. The Director now owns 583,158 shares after completing the transaction at $0.75 per share. On Dec 01 ’23, another insider, Chatila Ahmad R, who serves as the Director of the company, bought 14,550 shares for $0.68 each. As a result, the insider paid 9,894 and bolstered with 569,198 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FTCI now has a Market Capitalization of 57.60M and an Enterprise Value of 28.13M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 0.22 whereas that against EBITDA is -0.49.
Stock Price History:
Over the past 52 weeks, FTCI has reached a high of $3.87, while it has fallen to a 52-week low of $0.28. The 50-Day Moving Average of the stock is 0.5490, while the 200-Day Moving Average is calculated to be 1.5218.
Shares Statistics:
It appears that FTCI traded 841.29K shares on average per day over the past three months and 640.3k shares per day over the past ten days. A total of 105.03M shares are outstanding, with a floating share count of 55.75M. Insiders hold about 55.40% of the company’s shares, while institutions hold 26.87% stake in the company. Shares short for FTCI as of Feb 29, 2024 were 7.53M with a Short Ratio of 8.95, compared to 6.86M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.02% and a Short% of Float of 9.67%.
Earnings Estimates
As of right now, 6 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.08, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.03, with high estimates of $0 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.28 and -$0.3 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is -$0.07, with 6 analysts recommending between -$0.03 and -$0.16.
Revenue Estimates
In the current quarter, 7 analysts expect revenue to total $23.12M. It ranges from a high estimate of $24.4M to a low estimate of $21.61M. As of the current estimate, FTC Solar Inc’s year-ago sales were $26.22M, an estimated decrease of -11.80% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $43M, an increase of 5.10% over than the figure of -$11.80% in the same quarter last year. There is a high estimate of $47.5M for the next quarter, whereas the lowest estimate is $37.83M.
A total of 7 analysts have provided revenue estimates for FTCI’s current fiscal year. The highest revenue estimate was $128.2M, while the lowest revenue estimate was $125.41M, resulting in an average revenue estimate of $126.92M. In the same quarter a year ago, actual revenue was $123.07M, up 3.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $238.22M in the next fiscal year. The high estimate is $302.5M and the low estimate is $184.79M. The average revenue growth estimate for next year is up 87.70% from the average revenue estimate for this year.
