The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The price of FTC Solar Inc (NASDAQ: FTCI) closed at $0.57 in the last session, up 7.28% from day before closing price of $0.53. In other words, the price has increased by $7.28 from its previous closing price. On the day, 0.74 million shares were traded. FTCI stock price reached its highest trading level at $0.5858 during the session, while it also had its lowest trading level at $0.518.
Ratios:
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 1.80 and its Current Ratio is at 1.98. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
On November 09, 2023, Northland Capital Downgraded its rating to Market Perform which previously was Outperform but kept the price unchanged to $0.65.
UBS Downgraded its Buy to Neutral on August 15, 2023, whereas the target price for the stock was revised from $4 to $2.50.
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 Mar 26 ’24 when Chatila Ahmad R bought 97,400 shares for $0.51 per share. The transaction valued at 49,674 led to the insider holds 967,458 shares of the business.
Chatila Ahmad R bought 92,600 shares of FTCI for $50,930 on Mar 22 ’24. The Director now owns 870,058 shares after completing the transaction at $0.55 per share. On Mar 21 ’24, another insider, Cook Patrick, who serves as the Chief Commercial Officer of the company, sold 23,000 shares for $0.58 each. As a result, the insider received 13,340 and left with 1,222,205 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 72171072 and an Enterprise Value of 48605620. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 1.15. Its current Enterprise Value per Revenue stands at 0.383 whereas that against EBITDA is -1.065.
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 18.12%, while the 200-Day Moving Average is calculated to be -46.14%.
Shares Statistics:
According to the various share statistics, FTCI traded on average about 750.06K shares per day over the past 3-months and 578480 shares per day over the past 10 days. A total of 125.45M shares are outstanding, with a floating share count of 55.88M. Insiders hold about 55.63% of the company’s shares, while institutions hold 27.58% stake in the company. Shares short for FTCI as of 1713139200 were 9360387 with a Short Ratio of 12.48, compared to 1710460800 on 8514394. Therefore, it implies a Short% of Shares Outstanding of 9360387 and a Short% of Float of 11.93.
