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After finishing at $271.76 in the prior trading day, First Solar Inc (NASDAQ: FSLR) closed at $272.72, up 0.35%. In other words, the price has increased by $0.35 from its previous closing price. On the day, 3.28 million shares were traded. FSLR stock price reached its highest trading level at $283.5 during the session, while it also had its lowest trading level at $271.41.
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 1.86 and its Current Ratio is at 2.41. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.07.
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, Mizuho on May 30, 2024, Downgraded its rating to Neutral and sets its target price to $274 from $209 previously.
On May 29, 2024, DZ Bank Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $270.
Evercore ISI Upgraded its In-line to Outperform on April 23, 2024, while the target price for the stock was maintained at $227.
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 May 30 ’24 when Bradley Alexander R. sold 16,051 shares for $274.69 per share. The transaction valued at 4,409,007 led to the insider holds 30,652 shares of the business.
Koralewski Michael sold 4,646 shares of FSLR for $1,267,986 on May 30 ’24. The Chief Supply Chain Officer now owns 7,766 shares after completing the transaction at $272.92 per share. On May 30 ’24, another insider, Sweeney Michael T, who serves as the Director of the company, sold 4,000 shares for $273.50 each. As a result, the insider received 1,094,020 and left with 16,692 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 29192220672 and an Enterprise Value of 27883763712. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.60, and their Forward P/E ratio for the next fiscal year is 13.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.49. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.19 while its Price-to-Book (P/B) ratio in mrq is 4.23. Its current Enterprise Value per Revenue stands at 7.823 whereas that against EBITDA is 19.368.
Stock Price History:
Over the past 52 weeks, FSLR has reached a high of $286.60, while it has fallen to a 52-week low of $129.21. The 50-Day Moving Average of the stock is 41.94%, while the 200-Day Moving Average is calculated to be 63.83%.
Shares Statistics:
The stock has traded on average 2.50M shares per day over the past 3-months and 5434280 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 100.98M. Insiders hold about 5.66% of the company’s shares, while institutions hold 90.26% stake in the company. Shares short for FSLR as of 1715731200 were 5137944 with a Short Ratio of 2.06, compared to 1713139200 on 4828851. Therefore, it implies a Short% of Shares Outstanding of 5137944 and a Short% of Float of 6.29.
