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As of close of business last night, First Solar Inc’s stock clocked out at $228.38, up 1.32% from its previous closing price of $225.40. In other words, the price has increased by $1.32 from its previous closing price. On the day, 1.25 million shares were traded. FSLR stock price reached its highest trading level at $231.975 during the session, while it also had its lowest trading level at $224.98.
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 1.65 and its Current Ratio is at 2.23. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.06.
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, Clarksons Platou on August 14, 2024, initiated with a Buy rating and assigned the stock a target price of $270.
On August 01, 2024, DZ Bank Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $280.
Deutsche Bank reiterated its Buy rating for the stock on June 28, 2024, while the target price for the stock was revised from $215 to $280.
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 Aug 13 ’24 when Buehler Patrick James sold 8,619 shares for $222.00 per share. The transaction valued at 1,913,418 led to the insider holds 3,468 shares of the business.
Jeffers Byron Michael sold 500 shares of FSLR for $110,000 on Aug 12 ’24. The VP – Global Controller and CAO now owns 0 shares after completing the transaction at $220.00 per share. On Aug 13 ’24, another insider, Buehler Patrick James, who serves as the Officer of the company, bought 8,619 shares for $222.00 each.
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 24447393792 and an Enterprise Value of 23328964608. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.40, and their Forward P/E ratio for the next fiscal year is 10.76. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.49 while its Price-to-Book (P/B) ratio in mrq is 3.37. Its current Enterprise Value per Revenue stands at 6.198 whereas that against EBITDA is 14.275.
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 $129.21. The 50-Day Moving Average of the stock is -2.78%, while the 200-Day Moving Average is calculated to be 23.20%.
Shares Statistics:
It appears that FSLR traded 3.13M shares on average per day over the past three months and 1518230 shares per day over the past ten days. A total of 106.85M shares are outstanding, with a floating share count of 101.07M. Insiders hold about 5.59% of the company’s shares, while institutions hold 87.51% stake in the company. Shares short for FSLR as of 1722384000 were 4720420 with a Short Ratio of 1.51, compared to 1719532800 on 4851250. Therefore, it implies a Short% of Shares Outstanding of 4720420 and a Short% of Float of 5.7800002.
