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As of close of business last night, First Solar Inc’s stock clocked out at $184.84, down -1.35% from its previous closing price of $187.36. In other words, the price has decreased by -$1.35 from its previous closing price. On the day, 2.51 million shares were traded. FSLR stock price reached its highest trading level at $190.8 during the session, while it also had its lowest trading level at $182.53.
Ratios:
To gain a deeper understanding of FSLR’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.44 and its Current Ratio is at 2.14. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.06.
On October 29, 2024, Janney Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $260.
Citigroup Upgraded its Neutral to Buy on October 22, 2024, whereas the target price for the stock was revised from $200 to $254.
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 Oct 31 ’24 when Gloeckler Markus sold 3,601 shares for $198.52 per share. The transaction valued at 714,871 led to the insider holds 8,935 shares of the business.
Gloeckler Markus bought 3,601 shares of FSLR for $714,871 on Oct 31 ’24. On Aug 13 ’24, another insider, Buehler Patrick James, who serves as the Chief Product Officer of the company, sold 8,619 shares for $222.00 each. As a result, the insider received 1,913,418 and left with 3,468 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 19788601344 and an Enterprise Value of 19212873728. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.92, and their Forward P/E ratio for the next fiscal year is 9.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.14 while its Price-to-Book (P/B) ratio in mrq is 2.61. Its current Enterprise Value per Revenue stands at 4.989 whereas that against EBITDA is 11.19.
Stock Price History:
Over the past 52 weeks, FSLR has reached a high of $306.77, while it has fallen to a 52-week low of $135.88. The 50-Day Moving Average of the stock is -13.85%, while the 200-Day Moving Average is calculated to be -10.39%.
Shares Statistics:
It appears that FSLR traded 2.65M shares on average per day over the past three months and 3237710 shares per day over the past ten days. A total of 106.85M shares are outstanding, with a floating share count of 101.34M. Insiders hold about 5.34% of the company’s shares, while institutions hold 87.74% stake in the company. Shares short for FSLR as of 1730332800 were 6014060 with a Short Ratio of 2.27, compared to 1727654400 on 4879565. Therefore, it implies a Short% of Shares Outstanding of 6014060 and a Short% of Float of 7.359999999999999.
