After finishing at $167.17 in the prior trading day, First Solar Inc (NASDAQ: FSLR) closed at $166.73, down -0.26%. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 1252877 shares were traded.
Ratios:
Our goal is to gain a better understanding of FSLR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.92 and its Current Ratio is at 3.55. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
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 this company, RBC Capital Mkts on February 14, 2024, initiated with a Outperform rating and assigned the stock a target price of $195.
On January 08, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $215 to $187.
On December 15, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $211.Jefferies initiated its Buy rating on December 15, 2023, with a $211 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 01 ’24 when ANTOUN GEORGES sold 2,400 shares for $169.72 per share. The transaction valued at 407,328 led to the insider holds 39,812 shares of the business.
ANTOUN GEORGES sold 356 shares of FSLR for $52,008 on Mar 19 ’24. The Chief Commercial Officer now owns 42,212 shares after completing the transaction at $146.09 per share. On Mar 18 ’24, another insider, Gloeckler Markus, who serves as the Chief Technology Officer of the company, sold 470 shares for $150.00 each. As a result, the insider received 70,500 and left with 14,473 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, FSLR now has a Market Capitalization of 17.90B and an Enterprise Value of 16.42B. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.57, and their Forward P/E ratio for the next fiscal year is 8.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.37 while its Price-to-Book (P/B) ratio in mrq is 2.66. Its current Enterprise Value per Revenue stands at 4.95 whereas that against EBITDA is 13.54.
Stock Price History:
Over the past 52 weeks, FSLR has reached a high of $232.00, while it has fallen to a 52-week low of $129.21. The 50-Day Moving Average of the stock is 153.61, while the 200-Day Moving Average is calculated to be 165.07.
Shares Statistics:
The stock has traded on average 2.08M shares per day over the past 3-months and 1.69M shares per day over the last 10 days, according to various share statistics. A total of 106.85M shares are outstanding, with a floating share count of 100.09M. Insiders hold about 6.32% of the company’s shares, while institutions hold 90.14% stake in the company. Shares short for FSLR as of Mar 15, 2024 were 4.78M with a Short Ratio of 2.30, compared to 4.2M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.47% and a Short% of Float of 5.86%.
Earnings Estimates
Its stock is currently analyzed by 23 different market analysts. On average, analysts expect EPS of $2.15 for the current quarter, with a high estimate of $3.29 and a low estimate of $1.19, while EPS last year was $0.4. The consensus estimate for the next quarter is $3.21, with high estimates of $3.64 and low estimates of $2.89.
Analysts are recommending an EPS of between $13.98 and $13.13 for the fiscal current year, implying an average EPS of $13.54. EPS for the following year is $21.3, with 28 analysts recommending between $23.9 and $14.96.
Revenue Estimates
22 analysts predict $805.5M in revenue for the current quarter. It ranges from a high estimate of $1.11B to a low estimate of $647.94M. As of the current estimate, First Solar Inc’s year-ago sales were $548.29M, an estimated increase of 46.90% from the year-ago figure. For the next quarter, 21 analysts are estimating revenue of $1.12B, an increase of 38.10% less than the figure of $46.90% in the same quarter last year. There is a high estimate of $1.27B for the next quarter, whereas the lowest estimate is $1.05B.
A total of 27 analysts have provided revenue estimates for FSLR’s current fiscal year. The highest revenue estimate was $4.59B, while the lowest revenue estimate was $4.44B, resulting in an average revenue estimate of $4.51B. In the same quarter a year ago, actual revenue was $3.32B, up 36.00% from the average estimate. Based on 27 analysts’ estimates, the company’s revenue will be $5.63B in the next fiscal year. The high estimate is $5.9B and the low estimate is $5.26B. The average revenue growth estimate for next year is up 24.60% from the average revenue estimate for this year.
