Financial Health Report: First Solar Inc (FSLR)’s Ratios Tell a Tale

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First Solar Inc (NASDAQ: FSLR) closed the day trading at $222.12 down -3.89% from the previous closing price of $231.11. In other words, the price has decreased by -$3.89 from its previous closing price. On the day, 2.46 million shares were traded. FSLR stock price reached its highest trading level at $233.58 during the session, while it also had its lowest trading level at $220.8001.

Ratios:

For a better understanding of FSLR, let’s 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 this company, Deutsche Bank on June 28, 2024, Reiterated its Buy rating but revised its target price to $280 from $215 previously.

Mizuho Downgraded its Buy to Neutral on May 30, 2024, whereas the target price for the stock was revised from $209 to $274.

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 Jun 20 ’24 when Verma Kuntal Kumar sold 1,621 shares for $260.00 per share. The transaction valued at 421,460 led to the insider holds 3,549 shares of the business.

Widmar Mark R sold 36,692 shares of FSLR for $10,026,456 on Jun 03 ’24. The Chief Executive Officer now owns 81,861 shares after completing the transaction at $273.26 per share. On Jun 03 ’24, another insider, Dymbort Jason E., who serves as the General Counsel and Secretary of the company, sold 2,308 shares for $273.26 each. As a result, the insider received 630,684 and left with 13,351 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 23775946752 and an Enterprise Value of 22467467264. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.29, and their Forward P/E ratio for the next fiscal year is 10.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.67 while its Price-to-Book (P/B) ratio in mrq is 3.44. Its current Enterprise Value per Revenue stands at 6.303 whereas that against EBITDA is 15.606.

Stock Price History:

The Beta on a monthly basis for FSLR is 1.44, which has changed by 0.16402888 over the last 52 weeks, in comparison to a change of 0.26253593 over the same period for the S&P500. Over the past 52 weeks, FSLR has reached a high of $306.77, while it has fallen to a 52-week low of $129.21. The 50-Day Moving Average of the stock is -4.12%, while the 200-Day Moving Average is calculated to be 26.71%.

Shares Statistics:

Over the past 3-months, FSLR traded about 2.98M shares per day on average, while over the past 10 days, FSLR traded about 3201360 shares per day. A total of 106.85M shares are outstanding, with a floating share count of 101.05M. Insiders hold about 5.60% of the company’s shares, while institutions hold 90.28% stake in the company. Shares short for FSLR as of 1718323200 were 5586729 with a Short Ratio of 1.87, compared to 1715731200 on 5137944. Therefore, it implies a Short% of Shares Outstanding of 5586729 and a Short% of Float of 6.84.

Earnings Estimates

First Solar Inc (FSLR) is presently subject to a detailed evaluation by 25.0 analysts, each offering their unique perspectives on its market standing.On average, analysts expect EPS of $2.66 for the current quarter, with a high estimate of $3.39 and a low estimate of $2.06, while EPS last year was $1.59. The consensus estimate for the next quarter is $3.85, with high estimates of $4.2 and low estimates of $3.27.

Analysts are recommending an EPS of between $14.16 and $13.18 for the fiscal current year, implying an average EPS of $13.57. EPS for the following year is $21.36, with 32.0 analysts recommending between $23.63 and $15.03.

Revenue Estimates

23 analysts predict $948M in revenue for the current quarter. It ranges from a high estimate of $1.24B to a low estimate of $796.3M. As of the current estimate, First Solar Inc’s year-ago sales were $810.67MFor the next quarter, 23 analysts are estimating revenue of $1.25B. There is a high estimate of $1.37B for the next quarter, whereas the lowest estimate is $978M.

A total of 30 analysts have provided revenue estimates for FSLR’s current fiscal year. The highest revenue estimate was $4.58B, while the lowest revenue estimate was $4.4B, resulting in an average revenue estimate of $4.51B. In the same quarter a year ago, actual revenue was $3.32BBased on 30 analysts’ estimates, the company’s revenue will be $5.65B in the next fiscal year. The high estimate is $5.98B and the low estimate is $5.35B.

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