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FTC Solar Inc (NASDAQ: FTCI) closed the day trading at $0.53 up 1.19% from the previous closing price of $0.52. In other words, the price has increased by $1.19 from its previous closing price. On the day, 0.72 million shares were traded. FTCI stock price reached its highest trading level at $0.55 during the session, while it also had its lowest trading level at $0.4984.
Ratios:
For a better understanding of FTCI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
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:
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 Sep 06 ’24 when Chatila Ahmad R bought 238,000 shares for $0.21 per share. The transaction valued at 49,980 led to the insider holds 1,951,046 shares of the business.
Chatila Ahmad R bought 110,000 shares of FTCI for $25,300 on Sep 04 ’24. The Director now owns 1,713,046 shares after completing the transaction at $0.23 per share. On Aug 26 ’24, another insider, Chatila Ahmad R, who serves as the Director of the company, bought 100,000 shares for $0.25 each. As a result, the insider paid 25,000 and bolstered with 1,603,046 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 67020516 and an Enterprise Value of 58205300. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 0.748 whereas that against EBITDA is -1.234.
Stock Price History:
Over the past 52 weeks, FTCI has reached a high of $1.49, while it has fallen to a 52-week low of $0.18. The 50-Day Moving Average of the stock is 42.95%, while the 200-Day Moving Average is calculated to be 12.06%.
Shares Statistics:
Over the past 3-months, FTCI traded about 6.75M shares per day on average, while over the past 10 days, FTCI traded about 2422370 shares per day. A total of 125.45M shares are outstanding, with a floating share count of 65.06M. Insiders hold about 49.06% of the company’s shares, while institutions hold 15.86% stake in the company. Shares short for FTCI as of 1726185600 were 10919712 with a Short Ratio of 1.62, compared to 1723680000 on 4834288. Therefore, it implies a Short% of Shares Outstanding of 10919712 and a Short% of Float of 12.979999000000001.
